Los Angeles, California – U.S. TelePacific Corp, which does business as TelePacific Communications (TelePacific), a communications and network services company, today announced it has been named one of Inc. Magazine�s Fastest Growing Private Companies for the fifth year in a row. The annual list represents the most comprehensive look at the most important segment of the economy�America�s independent entrepreneurs.
TelePacific maintained its position as one of the nation�s telecommunications leaders, ranking the third highest in gross revenue among telecommunications companies nationwide and number one in California. The company ranked number 113 on the list among all companies nationwide and achieved �honor roll� status by earning five or more INC 5000 awards.
Across all industries, TelePacific ranked 12th in California based on revenue and 54th based on gross dollars of growth.
�We have built incredible momentum over the last few years,� says Dick Jalkut, president and CEO of TelePacific. �This momentum, coupled with our strategic direction, continues to help TelePacific grow and become the premier telecommunications provider in the markets that we serve. As we expand services and enter new markets, we continue to become an economic driver in the communities in which we work�providing jobs, investing in the community and helping small and medium businesses be more productive through effective data and voice solutions.�
In a stagnant economic environment, the median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. Companies on this year�s list report creating 350,000 jobs in the past three years. Aggregate revenue among the honorees reached $366 billion�an increase of 14 percent from last year.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at www.inc.com/5000.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent�not subsidiaries or divisions of other companies�as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.�s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
TelePacific Communications (www.telepacific.com) is a network services company serving small- and medium-business customers. Headquartered in Los Angeles, the Company meets the needs of growing businesses nationwide. TelePacific offers a host of IP, voice, data and Internet services, as well as business continuity, cloud and managed network solutions.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (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 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today�s entrepreneurial superstars�the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list�s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22�24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.