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PermaCrete Recognized As One Of Tennessee's 50 Fastest Growing Companies

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December 1, 2004

Business Tennessee Fast50 Recognizes Tennessee's Fastest Growing Private Companies

NASHVILLE - Business Tennessee, the state's business and political monthly magazine, has released its first Business Tennessee Fast50 ranking of the fastest-growing private companies in Tennessee. The list appears in the December 2004 issue of Business Tennessee, which will be received by subscribers beginning the end of November and will be available on newsstands shortly thereafter.

Quality Systems, Inc. (QSI), which is based in Nashville, was selected as one of Tennessee's 50 Fastest Growing Companies. QSI manufactures PermaCrete, an acrylic polymer cement product used for resurfacing driveways, sidewalks, interior floors, building exteriors and even interstate bridges. Available in over 170 standard colors, PermaCrete can be used to create virtually any design or decorative pattern. George A. Henderson, President and CEO of QSI, created PermaCrete over 14 years ago to meet the huge demand for concrete resurfacing and the highly-popular decorative applications. PermaCrete today has over 1,000 Dealers worldwide with the network growing at 40% a year.

The 50 companies on average experienced a doubling of revenue in their most recent fiscal years, generating an aggregate top line of $1.4 billion. Together, these businesses employ nearly 19,000 people, many of whom work and live in Tennessee.

"The 50 companies selected in the first Business Tennessee Fast50 feature reflect extremely well on Tennessee and the entrepreneurial talent that resides here," said David A. Fox, editor of Business Tennessee magazine. "They testify to their entrepreneurs' creativity, to the state's business diversity and to Tennessee's healthy climate for business."

The 50 are a diverse group. Among the honorees are manufacturers of auditing software, storm water barriers, digital video content and pizzas, as well as providers of renal dialysis, investment performance scoring, health insurance benefits, health care and railroad repair services.

To be considered, Fast50 nominees must have been in business for at least three years, generate more than $750,000 of revenue, employ five or more people, be independent and privately owned (not publicly traded or a subsidiary) and be headquartered in Tennessee.

Business Tennessee is a statewide monthly magazine covering business and politics and received by 44,000 business and civic leaders in Tennessee.