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PLATINUM WIRELESS NAMED TOP FIVE OF 100 LA'S FASTEST GROWING PRIVATE COMPANIES Los Angeles, November 17, 2008 - Platinum Wireless is the No. 5 fastest growing privately held company in Los Angeles, according to the Los Angeles Business Journal list of top 100 companies and has been included in this list for 6 consecutive years. This growth can be attributed to the national sales and distribution of such Products as Sprint, Boost Mobile, Paygo and Sony. In 2006 Platinum Wireless was ranked 44th, and climbed to an impressive No. 5 in 2007 with a reported $140 million in Revenue. "We are delighted to once again be recognized for Platinum Wireless' exceptional growth and are committed to stay at the forefront of this constantly evolving industry, states Jeff Javidzad, President and CEO of Platinum Wireless." "What we attribute to Platinum Wireless substantial growth in 2007 is a diversified product line as a result of our two acquisitions, Simplicity Wireless and American Connections, which in turn allowed us to plug in to our new product line and increase efficiency, while increasing volume and revenue. "Platinum Wireless strong financial performance is also fueled by the continued excellence in employee training and their dedication. Their knowledge of our products and services allows our employees to fully understand customers' needs, increase efficiency, and take Platinum Wireless to the next level. " Currently, Platinum Wireless is preparing for the January 2009 CES Show in Las Vegas. This is Platinum Wireless' fifth straight year exhibiting at the largest electronic show and this will be their biggest exhibition to date. The Fastest Growing Private Companies in Los Angeles list is comprised of the top 100 companies based in LA, in categories including: telecommunications, real estate, apparel, banking, logistics and consulting. Companies were ranked by their percentage growth in revenues from the 2005 through 2007. In order to qualify, companies must be privately held and headquartered in Los Angeles County. Through distribution network, Platinum Wireless currently supports a wide variety of corporate companies and governmental institutions. About Platinum Wireless Based in Los Angeles, California, Platinum Wireless is the national sales and distribution company for such products and services as Sprint Nextel, Boost Mobile, Sony, wholesale merchandise and wireless accessories. Platinum Wireless was recently also recognized in the annual Los Angeles Business Journal's Best Place to Work in Los Angeles. |
10435 Santa Monica Blvd., Los Angeles, CA 90025 . Phone: (310) 474-7800 . Fax: (310) 474-3878
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