Inc. 500 List of Fastest-Growing Companies Ranks StoreBoard Media No. 66 with Three-Year Sales Growth of 2,025.7%
NEW YORK, Aug. 12, 2009— StoreBoard Media, which this year became the largest indoor billboard network in the United States, was ranked today as America’s 66th fastest-growing private company — and the sixth fastest-growing in the advertising and marketing category — by Inc. magazine. StoreBoard Media’s ranking is based on three-year revenue growth (2005-2008) of 2,025.7%.
The 28th annual Inc. 500 list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, American Apparel, Oracle and hundreds of other powerhouses gained early exposure as members of the Inc. 500.
StoreBoard has more than 72,000 advertising panels in more than 12,000 chain drug stores including Rite Aid, CVS, Duane Reade, USA Drug, Kerr Drug and Snyder Drug. The company, which now operates in all 50 states and the District of Columbia, expects to have exclusive arrangements with more than 20,000 retailers by year-end as it expands beyond the drug channel. Brands and companies that have advertised to date with StoreBoard Media include Cadbury, Coca Cola, Nestle, Kraft, Unilever, CBS Television, Wyeth, L’Oreal, Alberto Culver, Hershey’s, American Greetings, Schick and others.
“If you want to know which companies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
Doug Leeds, StoreBoard’s chief executive officer, said, “We are thrilled to be recognized on the prestigious Inc. 500 list as one of America’s fastest-growing private companies. Our rapid growth is testament to our ability to provide advertisers with a powerful mass medium branding tool that reaches consumers in the course of their daily lives as they are about to make purchase decisions.”
The 2009 Inc. 500, unveiled in the September issue of Inc. magazine (available on newsstands Aug. 17 to Nov. 15) and on Inc.com, reported aggregate revenue of $18.4 billion—up significantly from last year’s $13.7 billion—and a median three-year growth rate of 880.5 percent. The companies on this year’s list are also responsible for creating more than 55,000 jobs since their founding, making the Inc. 500 perhaps the best example of the impact private, fast-growing companies can have on the overall U.S. economy. The largest company on the list, flat-panel-TV maker Vizio, broke the $2 billion revenue mark. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found on Inc.com.
The 2009 Inc. 500 measures revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2008. The minimum revenue required for 2005 is $200,000; the minimum for 2008 is $2 million.
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 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
About StoreBoard Media
StoreBoard Media owns the rights to place indoor billboards on the security pedestals that are at the entrance to chain stores nationwide, including CVS, Rite Aid, Duane Reade, USA Drug, Kerr Drug and others, generating more than one billion gross impressions every four weeks. StoreBoard™ advertising panels occupy approximately 60 square feet within each store, reaching 100% of shoppers. StoreBoards are a powerful mass medium that is “aisles away, not miles away” from point-of-decision. Positioned as a media buy, StoreBoards does not compete with other in-store media options for merchandising/trade dollars, creating an opportunity for retailers to capitalize on the branding value of their stores.
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