JERSEY CITY, N.J., Nov. 22, 2011 (GLOBE NEWSWIRE) -- Atlantic Coast Media Group (ACMG) today announced that the company has been named #1 in the NJBIZ list of New Jersey's 2011 Fifty Fastest Growing Companies. NJBIZ is New Jersey's premiere publication solely devoted to business news in the state.
Atlantic Coast Media Group was founded by Andrew Surwilo and Thomas Shipley in 2005 and is the parent company of luxury beauty brands Hydroxatone®, Keranique™, Luminique™, and the recently acquired Sarah McNamara Beauty New York. The company grew 480% from 2007 to 2010, increasing revenue to $170mm.
"ACMG is humbled to be recognized by NJBIZ but we are extremely proud of our team," said ACMG co-CEO Andrew Surwilo, "This year the team is focused on smart expansion and continuing to build strong fundamentals to support our rapid growth."
Co-CEO Thomas Shipley adds, "Being in New Jersey has provided great opportunities for ACMG to flourish and we are excited to lead the list this year."
ACMG has recently been nationally recognized by top business and industry publications:
#41 in HAPPI magazine's top 50 personal care companies in the US
#49 in Inc. Magazine's Inc.5000, Consumer Products and Services category
The NJBIZ 50 Fastest Growing Companies award celebrate New Jersey's most dynamic companies who progressively contribute to the success of the state's economic growth and stability. To qualify, companies had to meet selection criteria that included a revenue size of at least $500,000 within the past three out of four years and growth in revenue over a four year period, dating from fiscal year 2007 to 2010.
Presenting sponsor, Rothstein Kass, calculated the nominations and then ranked the companies according to revenue growth over the four-year period. Both dollar and percentage increases were taken into consideration.
Contact: Matt Schapiro 201-942-2366 mschapiro@atlanticcoastmedia.com
About ACMG:
Atlantic Coast Media Group was started by Andrew Surwilo and Thomas Shipley in 2005 to be the premiere brand-building engine in the beauty industry. The result is their flagship beauty line, Hydroxatone®. ACMG has since launched several distinctive brands including Keranique™, Luminique™, D.N.A. and Sarah McNamara Beauty New York. Surwilo and Shipley were named finalists of Ernst & Young's 2011 Entrepreneur of the Year NJ Award. In 2011, Atlantic Coast Media Group was listed the #41 personal products company in the country by Household and Personal Products Industry (HAPPI) magazine. ACMG is a member of the 2010 Inc. 500 and 2011 Inc. 5000, Inc. Magazine's list of America's fastest growing companies. ACMG focuses on being a responsible, reliable corporate citizen with multiple initiatives benefitting national charities and the local community.
A jar of Hydroxatone® AM/PM Anti-Wrinkle Complex is sold every 11 seconds.
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