
To qualify for this year's Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2004, and have had at least $500,000 in net sales in the base year of 2001. In addition, their 2004 sales had to exceed 2003 sales. The company achieved a 722.8% year-over-year sales growth since its inception in 2001.
Companies are ranked on cumulative three-year sales growth from 2001 to 2004. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
"We are honored to be included on the Inc. 500 and among the many outstanding alumnus," said Michael Cassidy, Undertone's President and CEO. "This accomplishment is the result of the talent and leadership of our management team and the effort and dedication of our employees."
Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino's Pizza all appearing on the list.
"When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy," said Jim Melloan, Project Manager for the Inc. 500. "With unprecedented global competition, companies have to be able to turn on a dime, and discover innovative new ways of doing business. Increasingly, it's the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges."
About Undertone Networks
Undertone Networks, a division of Intercept Interactive, is a premier online ad network comprised of today's top media properties. Founded in 2002, Undertone provides online solutions that help advertisers achieve their brand and performance-based initiatives via a comprehensive selection of ad formats, rich media and targeting capabilities. The company is headquartered in New York and has a sales office in San Francisco. For more information, please visit www.undertonenetworks.com.