Inc. 500 Reveals America's Fastest Growing Private Companies
MyFamily.com, Inc., Ranks #163 on the 2003 Inc. 500 With Five-year Sales Growth of 1026%
PROVO, Utah, Oct. 2 /PRNewswire/ -- Inc. Magazine, the premier publication for small and medium-sized businesses, today released its 23rd annual Inc. 500
ranking of the fastest-growing private companies in the country. A leading online subscription business and the leading network for connecting families, MyFamily.com, Inc., ranks #163 on the list, with five-year sales growth of 1026%. The Inc. 500 Special Issue will appear on newsstands October 14 and will be on display until January 2004.
MyFamily.com has thrived despite the bursting of the Internet "bubble" and continued stagnation in the economy, with revenue in the core online subscription businesses consistently growing nearly 100% annually. Emerging as an early leader in online subscription businesses with its flagship Ancestry.com family history service, the MyFamily.com suite of premium content sites has over 1.25 million paid subscriptions and more than 10 million people using its Web resources every month.
"The entrepreneurs you'll find on the Inc. 500 have the type of attitude we need to get this economy moving again," said Inc. editor-in-chief John Koten. "For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition."
The Inc. 500 ranks privately held companies according to sales growth over the past five years. With 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, Princeton Review, Morningstar, E* Trade, Intuit and Domino's Pizza all appearing on the list before they became industry powerhouses.
To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.
About Inc. Magazine
Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small-to-medium size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting edge coverage that reflects our readers' energy, brashness and imagination.
About MyFamily.com, Inc.
MyFamily.com, Inc. is among the largest online subscription businesses, with over 1.25 million paid subscriptions and more than 10 million people using its Web resources every month. An interactive media company, MyFamily.com connects families with their histories and one another. The company enriches the lives of its customers by providing the tools, content and community that empower them to find the people most important to them and share their unique family stories. The MyFamily network of Internet properties includes MyFamily.com, Ancestry.com, Genealogy.com, and RootsWeb.com. The company also publishes Family Tree Maker(R), the #1 selling family tree software, Ancestry Magazine, Genealogical Computing Magazine, over 50 book titles, and numerous databases on CD-ROM.
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Events
The Federation of Genealogical Societies with The Alabama Genealogical Society 2012 Conference
Birmingham, Alabama - August 29 – September 1, 2012
Southern California Genealogical Jamboree
Marriott Hotel: Burbank, CA - June 8-10, 2012
National Genealogical Society Conference
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