eCollege(SM) Named to Forbes’ List of the Top 25 Fastest Growing Technology Companies
“2003 was a monumental year for eCollege, and we are extremely proud to be recognized by Forbes,” said Oakleigh Thorne, chairman and CEO of eCollege. “Online programs are becoming central to the way institutions serve the large and growing non-traditional student population. eCollege plays an integral role in powering some of the largest and most successful programs in the country.
”Since the Top 25 list was assembled, eCollege has more than doubled in size through the acquisition of Salt Lake City-based Datamark, a previously privately-held company. Datamark is the nation’s leading outsource provider of comprehensive enrollment marketing services to the proprietary post-secondary school market. Its offerings complement those of eCollege, helping institutions build enrollments and increase student retention, both online and on campus.
According to the article, Forbes searched through nearly 2,500 publicly traded U.S. technology stocks, looking for corporations with outstanding five-year annualized sales growth of at least 20 percent, and consistent year-over-year sales growth of 10 percent or more in the same period. Forbes also made it a point to look for profitable firms with revenues of at least $25 million and sales growth of 10 percent or better in the latest 12 months.
eCollege [Nasdaq: ECLG] is a leading provider of value-added information services to the post-secondary and K-12 education markets. The Company’s eLearning Division designs, builds and supports some of the most successful, fully online degree, certificate/diploma and professional development programs in the country. The Company’s Enrollment Division, Datamark, Inc., helps institutions build new enrollments and increase student retention. Customers include publicly traded for-profit institutions, community colleges, public and private universities, school districts, and state departments of education. eCollege was founded in 1996 and is headquartered in Denver. Datamark was founded in 1987 and is headquartered in Salt Lake City. For more information, visit www.eCollege.com and www.Datamark.com
This news release contains statements that are not historical in nature and that may be characterized as “forward-looking statements” within the meaning of the securities laws including those related to the performance of our technology and service solution, customer satisfaction with our products and services, and the success of our clients’ programs. These statements are based on management’s current expectations and are subject to a number of uncertainties and risks. Actual results may differ materially. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, but are not limited to, our clients’ ability to achieve successful online programs; our network infrastructure and computer systems failing; the vulnerability of our network to security risks; the possibility that we may not be able to achieve continued growth or profitability, or maintain current levels of revenue; and such other factors as are discussed in our most recent Form 10-Q Quarterly Report filed with the U.S. Securities and Exchange Commission (“SEC”), which you are encouraged to review in connection with this release. We believe that these forward-looking statements are reasonable, however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. We are not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.
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Kristi B. Emerson
Public Relations Manager