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Inc. Magazine Reveals Its 27th Annual List of America’s 500 Fastest-Growing Private Companies

Simplicity Group Ranks No. 94 on the 2008 Inc. 500 with three-year sales growth of 1,982.7%

NEW YORK – August 20, 2008 – Inc. magazine today ranked Simplicity Group No. 94 on its 27th annual Inc. 500 list of the fastest-growing private companies in the U.S.  Inc. Magazine also ranked simplicity group No. 4 for Utah based companies and No. 12 in the Business Services category. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs.  Companies such as Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, American Apparel, Oracle and hundreds of other powerhouses gained early exposure as members of the Inc. 500.

“If you want to find out which companies are going to change the world, look at the Inc. 500,” said Inc. Editor Jane Berentson.  “These are the most innovative, dynamic, fast-growing companies in the nation – the ones coming up with solutions to some of our knottiest problems, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”

The 2008 Inc. 500, as revealed in the September issue of Inc. magazine (on newsstands August 26 – September 30), reported aggregate revenue of $13.7 billion and median three-year growth of 1,046%.  Total sales for Inc. 500 companies were 14 percent below last year’s combined revenue of $16 billion; still, it was a stellar year for many companies.  Not only did sales for this year’s top 50 growers outstrip those of last year’s top 50 by $541 million, but this year’s fastest 50 also boasted a staggering 47 percent jump in average three-year growth from last year’s top of the class.  Additionally, the 2008 Inc. 500 companies were engines of job growth, having created more than 51,414 jobs since those companies were founded.

Complete information on this year’s Inc. 500, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.

Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among Inc. magazine’s list of the 500 fastest-growing businesses is in the Food & Beverage category (which grew by 2,626.8 percent on average), followed by Real Estate (which grew by 1,817.4 percent on average), Financial Services (which grew by 1,638.6 percent on average), Government Services (which grew by 1,277.9 percent on average), and Advertising & Marketing (which grew by 1,189.1 percent on average). 

The largest business category is IT Services, with 67 Inc. 500 companies.  Business Services (59 companies), Advertising & Marketing, and Government Services (35 companies each), and Software (28 companies) round out the top five industries ranked on the 2008 Inc. 500.

Industries reporting the highest total revenue from 2004 to 2007 are Computers & Electronics ($2.1 billion), Energy ($1.3 billion), Government Services ($1.2 billion), IT Services ($974.2 million), and Real Estate ($909.3 million).

Methodology
The 2008 Inc. 500/5000 list measures revenue growth from 2004 through 2007.  To qualify, companies must be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.

Companies can apply for next year’s Inc. 500/5000 by registering with “IncBizNet, Business Network for Private Companies”, at www.incbiznet.com.

About Inc. magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders.  With a total paid circulation of 724,110, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

About Simplicity Group
Simplicity Group, LLC., is a leading web-based technology solutions company that provides complete front and back end technology to do business on the Internet. The company markets various technology products and services in the categories of online marketing, web development, eCommerce, and fundraising. For more information, visit www.simplicitygroup.com.

Media Contact
If you would like more information about Simplicity Group’s number 6 ranking on the UV50, or to schedule an interview, please contact:

Todd Sherratt
Simplicity Group
(801) 491-4054
tsherratt@simplicitygroup.com