Avatech Solutions Makes Deloitte Fast 50 Technology List

BALTIMORE—(BUSINESS WIRE)—October 2, 2006— Avatech Solutions, Inc. (OTCBB: AVSO.OB), the nationwide technology experts for design, engineering, and facilities management, announced today that it has been named one of Deloitte's prestigious Technology Fast 50 companies.

A ranking of the 50 fastest growing technology companies in Maryland and Virginia, the Technology Fast 50 award is based on percentage revenue growth over the five years between 2001 and 2005.

"As Avatech continues to drive business value for our customers year after year, we are also creating real investor value," said Avatech CEO Scotty Walsh. "This award acknowledges top-line revenue growth, which is an excellent measure of success. I want to point out that not only are we rapidly growing top-line revenues, but we have also been realizing increased profitability."

"To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over five years," said Andrew Harris, Southeast Regional Managing Partner at Deloitte. "Avatech Solutions has proven to be one of the fastest growth success stories in Maryland and we applaud their dedication to making their vision a reality."

Deloitte automatically enters winners of the Fast 50 in the national Fast 500 program, which ranks the top 500 fastest growing technology companies in North America.

"We are honored to be recognized by Deloitte and the Technology Fast 50 sponsors for our strong performance. Well-defined revenue goals moving forward guide our strategy for continued success," said Jim Hindman, Chair of the Board at Avatech. "I want to congratulate our superb management team for executing on its vision and for the strategy over the last five years that led to winning this spot in the Deloitte Fast 50."

About Avatech Solutions

Avatech Solutions, Inc. (OTCBB: AVSO.OB) is a nationwide design automation and technology services company providing innovative solutions that enable clients to more effectively design, develop, and manage projects, products, and facilities. Avatech experts give customers a competitive advantage through technology consulting, implementation, integration, training and support services exclusively for the design, engineering, and facilities management industries. Headquartered in Owings Mills, Maryland, Avatech is one of the largest integrators of Autodesk software worldwide and a leading provider of PLM solutions. Customers include industry leaders from the Fortune 500 and Engineering News Record's Top 100 companies. Visit http://www.avatech.com for more information.

This press release contains forward-looking statements about the expectations, beliefs, plans, intentions, and strategies of Avatech Solutions, Inc. There are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. A description of risks and uncertainties attendant to Avatech and its industry, and other factors that could affect the Company's financial results, are included in its Securities and Exchange Commission filings, including, but not limited to, the annual report on Form 10-K for the fiscal year ending June 30, 2006 and other Securities and Exchange Commission filings. Investors and shareholders may obtain a free copy of the documents filed by Avatech Solutions, Inc. with the Commission at the Commission's web site at www.sec.gov.

All brand names, product names, or trademarks belong to their respective holders.

Contact:

Media Contacts:
Avatech Solutions, Inc.
Jean Schaeffer, 410-581-8080
Fax: 410-753-1591
Email Contact
or
Cross Border Communications
Cyrus Mavalwala, 416-226-6551
Email Contact




Review Article Be the first to review this article

Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Siemens Goes ECAD With Mentor Graphics Acquisition
Jobs
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Upcoming Events
Design & Manufacturing, Feb 7 - 9, 2017 Anaheim Convention Center, Anaheim, CA at Anaheim Convention Center Anaheim CA - Feb 7 - 9, 2017
Innorobo 2017 at Docks de Paris Paris France - May 16 - 18, 2017
Display Week 2017 at Los Angeles Convention Center 1201 S Figueroa St Los Angeles CA - May 21 - 26, 2017
SolidCAM: Program your CNCs directly inside your existing CAD system.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise