NEW YORK, Oct. 23, 2001 (PRIMEZONE) -- eB2B Commerce, Inc. (Nasdaq:EBTB), a leader in Web-based and EDI-based business-to-business commerce, has been named to Deloitte & Touche's prestigious "Fast 50" Program for New York, ranking 23rd overall, after achieving a 1,089 percent, five-year growth rate in revenue. The ranking of the 50 fastest growing technology companies covers New York, Westchester and Rockland counties and is based on five-year percentage revenue growth from 1996-2000.
eB2B Commerce, Inc.'s CEO, Richard Cohan, credits the company's people and their focus on results. He said, "We are dedicated to delivering real value and ROI for our customers. By automating their critical trading partner transactions, we are creating efficiencies, eliminating cost and improving bottom line. Maximizing operating profit, without having to make additional investments in IT infrastructure, is a key driver for both retailers and suppliers, particularly in today's economy. eB2B is delivering solutions for both in its key markets."
"Through the Fast 50 program, Deloitte & Touche has been honoring the growth of New York's technology industry for three years," said Noel Spiegel, managing partner, Deloitte & Touche Technology and Communications Group. "In an era when technology companies seem to appear and disappear overnight, making the Deloitte & Touche Fast 50 is a testament to a company's leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over five years. eB2B Commerce, Inc. has proven to have the qualifications to succeed, and we at Deloitte & Touche salute its accomplishments," said Spiegel.
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1,000,000 in 2000, and must be a public or private technology company headquartered in New York, Westchester or Rockland counties. The Fast 50 defines a "technology company" as a business that produces technology, manufactures a technology product, or devotes a high percentage of effort to research and development of technology.
Winners of the 22 regional Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit http://www.fast500.com.
About eB2B Commerce, Inc.
eB2B Commerce, Inc. utilizes proprietary software to provide services that create more efficient business relationships between trading partners (i.e., buyers and suppliers). Our technology platform allows trading partners to electronically automate the process of business document communication and turn-around, regardless of what type of computer system the partners utilize. Through our service offerings, our technology platform has the capability of receiving business documents in any technology format, translating the document into any other format readable by the respective trading partners and transmits the document to the respective trading partner. We provide access via the Internet to our proprietary software, which we maintain on our hardware and on hosted hardware. For more information, please visit eB2B Commerce, Inc.'s Web site at http://www.eb2b.com.
About Deloitte & Touche
Deloitte & Touche LLP, one of the nation's leading professional services firm, provides assurance and advisory, tax and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's Web site at http://www.us.deloitte.com.
About Deloitte & Touche's Technology & Communications Group
The Technology & Communications Group is composed of service professionals who have a wealth of experience serving technology and communications companies throughout the world in areas including Internet, software, semiconductors, cable, media and publishing, communication utilities, networking, wireless, computers and peripherals, and related industries. These specialists understand the challenges that technology and communications companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial, operational, and information technology assistance to its technology and communications clients.