SellingSource.com has been selected as one of Inc. magazine’s 500 fastest-growing
LAS VEGAS, August 28, 2007: Las Vegas-based SellingSource.com, a leading provider of marketing and technology solutions for online businesses serving the specialty finance industry, has been selected as one of Inc. magazine’s 500 fastest-growing private companies in the United States for 2007.
SellingSource.com ranked number 109 nationally, with a three-year revenue growth rate of 1,493 percent. The Company ranked #12 in its category, Advertising & Marketing, and was one of only four Nevada-based businesses on the prestigious list and the number-one company in Nevada in the Advertising & Marketing category.
SellingSource’s Chairman and Chief Executive Officer Derek LaFavor credits the Company’s strong growth to its strategic acquisitions and alliances with key businesses that provide comprehensive solutions to the online finance market. "We wanted to be able to offer our customers a turnkey solution for online lending, so we brought together a number of companies and technologies to help us create that single, all-inclusive package. We are thrilled to be acknowledged by Inc. magazine and be among such an impressive group of companies. This award is a testament to our talented and focused team members, our strong leadership, and our cutting-edge technology."
LaFavor said that he expects SellingSource.com to continue its growth due to the explosion in online lending. "Consumers are becoming more and more Internet savvy and are using the Web with increasing frequency for their loan needs due to the speed, ease, and convenience of online lending transactions. We can offer lenders a customizable solution that provides them with the flexibility needed to address state and federal regulatory requirements."
"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-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, 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."
In addition to revenue and sales growth, SellingSource.com has grown its employee base to over 400 people to date. The Company, named the "Number One Technology Company in Las Vegas" in 2006, is expanding so rapidly that it is adding a new, 25,000 square foot facility adjacent to its Las Vegas technology campus.
The 2007 Inc. 500, as revealed in the September issue of Inc. magazine (on newsstands today-October 2), reported aggregate revenue of $16 billion and median three-year growth of 939 percent. To qualify for the 2007 Inc. 500 list, companies had to be U.S.-based, privately held, and show substantial three-year revenue growth.
About SellingSource.com
Founded in 1997, SellingSource.com develops technology and marketing solutions for the specialty finance industry. Its affiliated companies offer turnkey lender solutions, data solutions, consumer communication services, prepaid and stored-value marketing solutions, consumer acquisition services, payment processing, and infrastructure solutions including co-location and disaster recovery hot sites. For more information, please visit http://www.sellingsource.com or contact Laura Olson-Reyes, Director of Marketing Communications, at 702-835-8040.
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 681,421, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
