ERGORESEARCH RANKS No. 129 ON THE 2014 PROFIT 500
Published June 16 2014 in What's New
– PROFIT Magazine unveils 26th annual list of Canada’s Fastest-Growing Companies –
Laval, QC, June 16, 2014 – Canadian Business and PROFIT today ranked Ergoresearch No. 129 on the 26th annual “PROFIT 500”, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the July issue of Canadian Business and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years.
Ergoresearch made the “PROFIT 500” list with five-year revenue growth of 463%.
“The members of the PROFIT 500 are the elite of the country’s entrepreneurial community,” says James Cowan, Editor-in-Chief of Canadian Business and PROFIT. “Their stories are lessons in business strategy, innovation, management excellence and sheer tenacity.”
“Ergoresearch’s revenue went from $2,393,350 in 2008 to $13,469,348 for the fiscal year ended on June 30 2013, recording revenue growth of 463% during this period and positioning the Company No.129 on the annual ranking “PROFIT 500″ states Ergoresearch President and CEO, Sylvain Boucher.” We accept this prestigious acknowledgement with great pride and are delighted to share it with our employees, partners and investors. Fueled by a common desire to be the best, this accolade is a fine reflection of this.”
About PROFIT and PROFITguide.com
PROFIT: Your Guide to Business Success is Canada’s preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 32 years, Canadian entrepreneurs 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 PROFITguide.com.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a readership of more than 800,000, it is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business—what leadership looks like.
Ergoresearch is a Canadian based company that designs and manufactures cutting edge technologies for the orthopedic industry. The Company holds patents in the field of bionics including intellectual property used in the Power Knee,, the world’s only motor-powered prosthesis for above-knee amputees. Ergoresearch has developed and commercialized WebFit™, the first robotized custom-fit orthotics manufacturing software program and launched OdrA, a world -patented orthotic device that revolutionizes the treatment of pain associated with knee osteoarthritis
Ergoresearch owns Quebec’s leading network in orthotics, with over 100 corporate and satellite centres under the Clinique du pied Équilibre, Orthoconcept and Laboratoire Langelier banners. The Company is listed on the TSX Venture Exchange (TSXV) under the symbol ERG.
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Forward looking statements
Certain statements in this Press Release contain forward-looking statements and information that may entail certain risks related to uncertainties. Such statements are based on management’s expectations and no assurance can be given that potential future results or circumstances described in the forward looking statements will be achieved or will occur. Such risks factors include, but are not limited to, those related to the Corporation’s ability to finance its activities, competition, ability to negotiate and maintain partnerships, the market acceptance of the said product, fluctuations in operating results, the impact of general economics, industry and market conditions, the ability to recruit and retain qualified employees, the success of research and development programs, fluctuations in cash flow, expectations regarding market demand for particular products, the strength of intellectual property, market dependence on new product development, the trust invested in sub-contractors or their core personnel, as well as other documents containing risks and uncertainties which are put forth every now and then by the firm to various Canadian securities and exchange commissions and made available at www.sedar.com.
The reader should not give great importance to forward-looking statements as the results may differ from conclusions, predictions or projections contained in such forward-looking statements; and certain important factors or hypothesis taken into account in reaching conclusions or the preparation of a projection or prediction may prove to be incorrect in fact.
Management disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or circumstances. All figures are in Canadian dollars, unless otherwise specified.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, contact:
President and CEO, Ergoresearch Ltd – 450-973-6700, ext. 213
Coordinator, Communications and Marketing, Ergoresearch Ltd – 450-973-6700, ext. 242