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Issue 19 ICI World Conference & EXPO 2008, AUTUMN EDITION Print Version
 
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COVER STORY - NEWSLETTER Issue #19
ICI EXPO 2008, AUTUMN EDITION

buyCASTINGS.com, Inc. On the List of Inc.500
Fastest-Growing Private Companies in the US

According to the Inc. Magazine, Sept. 2008 Inc.500 Issue

Inc. Magazine recently recognized
buyCASTINGS as number 240 on the 2008 Inc.500 list. The Inc.500 list celebrates the fastest-growing private companies in America. To establish the rankings, Inc. Magazine measures revenue growth from 2004 through 2007. Companies must be based in the U.S. and have had annual revenues of at least $200,000 in 2004 and $2 million in 2007. For more than 27 years, the Inc.5000 has served as a benchmark for the most innovative, dynamic, and successful companies in the nation. As an Inc.5000 honoree, buyCASTINGS is honored to now be a member of one of the most influential business clubs in America. Other Inc.5000 alumni include Bill Gates of Microsoft, Larry Ellison of Oracle, and many more. This achievement puts buyCASTINGS among an elite group that over the years has included Microsoft, Timberland, Cold Stone Creamery, Go Daddy, Intuit, Jamba Juice, Oracle, and UnderArmour. Many of today’s most successful U.S. companies received their first public recognition when they appeared on the Inc. list. buyCASTINGS is honored to be featured by Inc. Magazine and looks to continue its business growth. buyCASTINGS ranked No. 2 in Ohio and No. 32 in the Top 100 Business Services Companies.

“In addition to seeing growth in our casting sales revenues, we are also seeing the returns on other strategic initiatives and investments, such as technology commercialization and government services” said Bob Dzugan, President, buyCASTINGS.

buyCASTINGS.com, Inc. has experienced rapid growth over the last 4 years, filling a niche by doing the right thing for buyers in the metal castings market – by bringing them choice, convenience and competitive costs. buyCASTINGS’ business model uses castings experts and an online marketplace that matches buyers for metal castings with foundries to fulfill their orders. Despite pressures on the economy, buyCASTINGS has expanded its client base and sales numbers by focusing on providing an effective marketplace for castings and by providing technical casting solutions to demanding customer applications. “We are constantly reviewing our business practices and finding ways to improve our services. The goal is to constantly increase our value to our clients”, reaffirms Neil Chaudhry, COO of buyCASTINGS. While most of buyCASTINGS growth has been organic, it has also started to look for strategic acquisitions and teaming to fuel continued revenue growth.