PROFIT 100 ranking reveals 20 of Canada's fastest-growing companies hail from
Quebec

PROFIT magazine's annual ranking shows how small and medium-sized businesses can seize opportunity in tough times and achieve explosive growth. For the full ranking, visit www.profit100.com.

TORONTO, June 2 /CNW/ - Only a select few businesses ever achieve the dramatic growth required to make it onto the PROFIT 100. The accomplishments of this year's PROFIT 100 are all the more remarkable considering the volatile economic climate of the past two years.

Released today, the PROFIT 100 is the definitive annual ranking of Canada's Fastest-Growing Companies by five-year revenue growth. The companies that make up this year's ranking have grown their annual revenue by an astounding average of 1,752% over the last five years. Moreover, an impressive 76% turned a profit in last year's sunken economy.

This year, an impressive 20 Quebec-based companies rank on the PROFIT 100, with an additional 11 making the Next 100. They're a diversified lot, succeeding in everything from pharmaceutical manufacturing to travel tour operations and IT consulting.

"The PROFIT 100 winners demonstrate great foresight, agility and tenacity," says Ian Portsmouth, editor of PROFIT. "All managers of small and medium-sized businesses can learn valuable lessons from the Canada's Fastest-Growing Companies, especially which management practices drive growth in today's economy."

    
    PROFIT 100 top 5 performers from Quebec

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    Overall  Company                                Headquarters     Revenue
    Rank                                                              Growth
                                                                           %
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    14.      Frima Studio Inc./Develops online
             video games                             Quebec City       3,002
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    16.      iBwave Solutions Inc./Wireless
             networks design software                   Montreal       2,639
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    27.      PCO Innovation Inc./Business
             consulting                                 Montreal       1,728
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    28.      DirectLab Inc./Distributes
             anti-arthritis products                  Blainville       1,702
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    29.      Labopharm Inc./Pharmaceutical
             manufacturer                                  Laval       1,663
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For the full ranking and breakdown of the PROFIT 100, visit www.profit100.com.

About PROFIT Magazine:

PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 28 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.profitmagazine.ca.

For further information: Louise Leger, [email protected], [phone]