ALISO VIEJO, CA - Smith Micro Software, Inc. (NASDAQ: SMSI), a company that markets and develops a wide range of software products and services for the wireless market, has been named to Deloitte's prestigious Technology Fast 50 Program for Orange County, Calif. The program ranks the 50 fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional organizations. Rankings are based on the percentage of revenue growth over five years from 2001 through 2005. During that period of time, Smith Micro has generated a 113% increase in revenue.
Smith Micro's president and CEO William W. Smith, Jr. credits the Company's strong growth over the past five years to its strong product portfolio with great customer relations. "We are very proud to have been recognized by Deloitte's Technology Fast 50 program for the significant progress and strong growth we have achieved over the last five years, and look forward to continued success in the coming future." Smith Micro also received the Fast 50 award in 1996 and 1997.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Smith Micro Software:
Smith Micro Software, Inc., headquartered in Aliso Viejo, California, develops and markets wireless communication, broadband and utility software products for multiple OS platforms. The company designs integrated cross platform, easy-to-use software for personal and business computing worldwide. With a focus on wireless, broadband and Internet technologies, the company's products and services enable wireless communications, file and image compression, digital image and music management. The award-winning software solutions empower Windows and Macintosh users in the areas of information access, removal, recovery, security, and Internet distribution. Smith Micro's leading brands are QuickLink®, StuffIt®, Internet Cleanup(TM) and Spring Cleaning®. Smith Micro's complete line of products is available through Smith Micro's Enterprise Group, Original Equipment Manufacturers (OEMs), the company website at www.smithmicro.com, retail stores, and through value-added resellers (VARs). Smith Micro's common stock trades on The NASDAQ Global Market® under the symbol SMSI.
This release may contain forward-looking statements that involve risks and uncertainties, including without limitation risks and uncertainties relating to the company's financial prospects and projections, the company's plans for returning to sustained profitability and the company's ability to increase its business. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are new and changing technologies, customer acceptance of those technologies, fluctuations or cancellations in orders from distribution customers, new and continuing adverse economic conditions, and the company's ability to compete effectively with other software companies. These and other factors could cause actual results to differ materially from those presented in any forward-looking statement and are discussed in the company's filings with the Securities and Exchange Commission including its recent filings on Forms 10-K and 10-Q.
Smith Micro, the Smith Micro logo and QuickLink are trademarks or registered trademarks of Smith Micro Software, Inc. All other trademarks and product names are the property of their respective companies.