Company's strong building industry relationships are driving force behind 480 Percent Revenue Growth
Austin, Texas, August 29, 2006 - Builder Homesite has been named to Deloitte's prestigious Texas Technology Fast 50 Program, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in Texas by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005.
"Deloitte's Texas Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Skip Moore, Regional Managing Partner, Technology, Media and Telecommunications, Deloitte & Touche LLP. "We applaud the successes of Builder Homesite and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
Builder Homesite's CEO Tim Costello credits a seasoned management team and the support of industry leading builders with the company's 480 percent revenue growth from 2001-2005.
Costello said, "Builder Homesite was founded over 6 years ago with the mission to bring homebuilding industry leaders together to develop world class technology and marketing solutions. What started out as a collaboration between a handful of leading builders is now a powerful consortium of 36 of the nation's largest homebuilders."
Builder Homesite's increase in revenues of 480 percent from 2001 to 2005 resulted in a 33 ranking in the Texas Technology Fast 50. The average increase in revenues among companies who made the Texas Technology Fast 50 for this region was 2,225 percent.
To qualify for the Texas 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 Texas, 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 Builder Homesite
Builder Homesite, Inc. and its subsidiary, New Home Technologies, were both founded with the same mission - to bring homebuilding industry leaders together to develop world class technology solutions. Builder Homesite is a consortium of 36 of the nation's largest homebuilders and its flagship product is NewHomeSource.com, a consumer website offering the Internet's most comprehensive information and selection of new homes. In 2003, Builder Homesite founded New Home Technologies, a subsidiary consortium of new homebuilders and product manufacturers to create Envision - an integrated and standardized online new home design options management solution. Today Builder Homesite is continuing to extend its Internet technology expertise into new industries. For more information, go to www.builderhomesite.com
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