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FOR IMMEDIATE RELEASE
Contact: John Richardson, CEO, CIMNET Inc.
(610) 790-1800 x1807, johnr@CimnetInc.com
CIMNET Honored by Deloitte & Touche in Technology Fast 50 Program
Robesonia, PA, October 23, 2002
(BUSINESS WIRE) -- CIMNET™, Inc. (OTC BB: CIMK) a leader
in Manufacturing Execution Systems (MES) software today announced it has been
named to Deloitte & Touche's prestigious "Technology Fast 50"
Program for the Delaware Valley area, a ranking of the 50 fastest growing
technology companies in the area.
"CIMNET
is proud to be named one of the fastest growing technology companies in the
Delaware Valley," said John Richardson, CIMNET's chairman and CEO. "Our
company has worked very hard over the last few years to grow our customer
base, introduce new technology and provide quality products and services to
our customers. The fact that we have grown our business and have been recognized
by companies such as Deloitte & Touche for our accomplishments proves
that the hard work by our entire staff has paid off."
"In
today's economy, revenue growth is an exceptional accomplishment," said
Gary Tabach, Director and Partner in Charge, Technology, Media and Telecommunications,
Deloitte & Touche. "We commend CIMNET for making the commitment to
technology and delivering on the promise of market longevity. We are proud
to honor CIMNET as a Deloitte & Touche Technology Fast 50 winner."
To qualify
for the Technology Fast 50, companies must have had operating revenues of
at least $50,000 in 1997 and $1,000,000 in 2001, must be public or private
companies headquartered in the Delaware Valley, and be "technology companies,"
defined as companies that own proprietary technology which contributes to
a significant portion of the company's operating revenues or devotes a high
percentage of effort to research and development of technology.
Rankings
are based on the percentage of growth in fiscal year revenues from 1997-2001
(five-year period).
About
Deloitte & Touche: Deloitte
& Touche, one of the nation's leading professional services firms, 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 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 five consecutive years. Deloitte
& Touche refers to Deloitte & Touche LLP and related entities. Deloitte
& Touche is the US 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 www.deloitte.com/us.

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