News Details

CALNET, Inc. ranks 128 in the INC 500 List of Fastest-Growing Companies

Reston, VA, August 28, 2007

With three-year sales growth of 1411.8%, CALNET has been recognized by Inc. Magazine as one of the fastest-growing private companies in the United States.

CALNET Inc, a IT, Telecom and Intelligence Analysis company serving the Federal & Commercial market, made it back to back on the Inc. 500 list of America's fastest growing private companies in 2007. CALNET Inc grew by 1411.8% over three years to earn this distinction and moved to Number 128 on the INC 500 list from Number 360 in the previous year.

"The growth of CALNET is a direct result of satisfied customers in response to the quality service provided by CALNET", said Calnet Inc’s CEO Kaleem Shah. "We have a great dedicated team at CALNET who are empowered to serve our customers and ensuring that our customers succeed in their relationship with CALNET. We are proud to serve our nation in its fight against global terrorism and we are delighted to be recognized this year once again by the prestigious Inc. 500 list."

The companies that made the Inc. 500 list in 2007 have a aggregate revenue of 16 Billion Dollars and a median 3 year growth of 939%. For CALNET to be recognized in this elite group is truly a testament to our team at CALNET. We were rewarded by our customers for the quality of our service. INSCOM awarded CALNET a $66 Million contract at Guantanamo Bay, Cuba in December 2006. CALNET represent the emerging stars of American business.

To be eligible for this year's Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2005, and have had at least $500,000 in net sales in the base year of 2003. In addition, their 2005 sales had to exceed 2004 sales. Companies are ranked on cumulative three-year sales growth from 2004 to 2006. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials. Most important, the 2007 Inc 500 companies were engines of significant job growth.

About CALNET Inc.
Since 1989, CALNET has helped Federal, State and Commercial organizations in the Telecommunications, Financial, and Information Technology Service sectors to remain agile by obtaining explicit business results through the rapid application and delivery of advanced Information Technology, and Telecommunications solutions. Additionally, CALNET provides Intelligence Analysis solutions to the U.S Armed Forces and the Intelligence Community globally.

CALNET is proud to provide support to our National agencies to achieve our nation’s goals in the global war on terror, Operation Iraqi Freedom, Operation Enduring Freedom, or what ever role our great nation calls on us to support.

Media Contact:

Dwayne L. Squires
Tele: (703) 547-6800
Fax: (703) 547-6806