Sarasota, Florida, August 23, 2011 – Star2Star Communications, makers of “The World’s Most Reliable Internet Phone Solution”, today announced that Inc. magazine named Star2Star to the 30th annual Inc. 500 ranking of the nation’s fastest-growing private companies. It is the company’s first appearance on the prestigious list. The 500 companies are chosen from the nearly 7 million privately held companies in the U.S.A.
“When we started Star2Star back in 2006, we knew we had some very special technology. I’m very proud of the entire team at Star2Star, and I’m also proud of our more than 300 agents and dealers, who are a large part of our success”, said Norman Worthington, CEO of Star2Star.
Star2Star posted sales of $10.8 Million for 2010, representing a three-year growth rate of 1555.9%. The company sold more than 12,000 telephone systems in the past twelve months, and currently serves nearly 200,000 users.
Star2Star customers typically save around 50% on their monthly telephone expenses. The savings are usually more than enough to offset the leasing cost for the phone system. As a result, Star2Star delivers a state of the art phone system that saves customers money from day one. Star2Star’s lower operating costs are a direct result of the company’s unique Blended Architecture, which provides high-quality, high-reliability telephone connections over ordinary Internet connections.
“While we’re thrilled to place on the Inc. 500 list, we’re really just getting started”, said Joe Rhem, President of Star2Star. “We’ve recently won some very large customer accounts that will significantly increase our revenue stream going forward”, Rhem said.
About the Inc. 500:
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2010. Companies on the Inc. 500 are featured in Inc.’s September issue. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.
About Star2Star:
Founded in 2006 in Sarasota, Florida, Star2Star
Star2Star products are sold through a diversified international network of distributors, master agents, and certified installing dealers. Available across North America, Star2Star Internet telephone systems are installed in thousands of small- and medium-sized businesses and in many large national retail and restaurant chains.