Loudeye Named One of Washington State's Fastest Growing Technology Companies in Deloitte Technology Fast 50 Program
September 28 2004 - 4:01AM
PR Newswire (US)
Loudeye Named One of Washington State's Fastest Growing Technology
Companies in Deloitte Technology Fast 50 Program SEATTLE, Sept. 28
/PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide
leader in business-to-business digital media solutions, has been
named to Deloitte's prestigious Technology Fast 50 Program for
Washington State, a ranking of the 50 fastest growing technology
companies in the area by Deloitte & Touche LLP, one of the
nation's leading professional services firms. Rankings are based on
the percentage of growth in fiscal year revenues over five years,
from 1999-2003. Loudeye's increase in revenues of 352 percent from
1999 to 2003 resulted in its ranking in the Fast 50 for Washington
State. "To be included in Deloitte's Washington Fast 50 is an
honor. This recognition is a testament of our commitment to
offering customers around the globe the best digital media
solutions for new and emerging markets," said Jeff Cavins,
Loudeye's president and chief executive officer. "The Deloitte
Washington State Technology Fast 50 companies have shown the
strength, vision and temerity to succeed despite a very challenging
technology environment," said Larry Hile of Deloitte's Seattle
office. "We applaud the successes of Loudeye and acknowledge their
place as one of the very few to accomplish such a fast growth rate
over the past five years." To qualify for the Technology Fast 50,
companies must have had operating revenues of at least $50,000 in
1999 and $1,000,000 in 2003, must be public or private companies
headquartered in North America, and be a "technology company"
defined as owning proprietary technology that contributes to a
significant portion of the company's operating revenues (using
other companies' technology in a unique way does not qualify);
and/or devoting a significant proportion of revenues to research
and development of technology. Winners of the 19 regional
Technology Fast 50 programs in the United States and Canada are
automatically entered in the Deloitte Technology Fast 500 program,
which ranks North America's top 500 fastest growing technology
companies. For more information on the Fast 50 or Fast 500
programs, visit http://www.fast500.com/. About Loudeye Corp.
Loudeye is a worldwide leader in business-to-business digital media
solutions and the outsourcing provider of choice for companies
looking to maximize the return on their digital media investment.
Loudeye combines innovative products and services with the world's
largest music archive and the industry's leading digital media
infrastructure enabling partners to rapidly and cost effectively
launch complete, customized digital media stores and services. For
more information, visit http://www.loudeye.com/. About Deloitte
Deloitte, one of the nation's leading professional services firms,
provides audit, tax, financial advisory services and consulting
through nearly 30,000 people in more than 80 U.S. cities. Known as
an employer of choice for innovative human resources programs, the
firm is dedicated to helping its clients and its people excel.
"Deloitte" refers to the associated partnerships of Deloitte &
Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting
LLP) and subsidiaries. Deloitte is the US member firm of Deloitte
Touche Tohmatsu. For more information, please visit Deloitte's web
site at http://www.deloitte.com/us. Deloitte Touche Tohmatsu is an
organization of member firms devoted to excellence in providing
professional services and advice. We are focused on client service
through a global strategy executed locally in nearly 150 countries.
With access to the deep intellectual capital of 120,000 people
worldwide, our member firms, including their affiliates, deliver
services in four professional areas: audit, tax, financial advisory
services and consulting. Our member firms serve more than one-half
of the world's largest companies, as well as large national
enterprises, public institutions, locally important clients, and
successful, fast-growing global growth companies. Deloitte Touche
Tohmatsu is a Swiss Verein (association), and, as such, neither
Deloitte Touche Tohmatsu nor any of its member firms has any
liability for each other's acts or omissions. Each of the member
firms is a separate and independent legal entity operating under
the names "Deloitte," "Deloitte & Touche," "Deloitte Touche
Tohmatsu" or other related names. The services described herein are
provided by the member firms and not by the Deloitte Touche
Tohmatsu Verein. For regulatory and other reasons certain member
firms do not provide services in all four professional areas listed
above. Forward Looking Statements This release contains
forward-looking information within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on current estimates and actual results may differ materially
due to risks, including the completion of the development of the
platform; possibility of adverse changes in the market for
distribution of digital music that Loudeye serves; adverse or
uncertain legal developments with respect to copyrights surrounding
the creation and distribution of digital content; pricing pressures
and other activities by competitors; lack of market acceptance for
Loudeye's products and services; the possible delay in the adoption
of digital media or related applications on the web in general; and
other risks set forth in Loudeye's most recent Form 10-Q, Form 10-K
and other SEC filings which are available through EDGAR at
http://www.sec.gov/ . Loudeye assumes no obligation to update the
forward-looking statements. DATASOURCE: Loudeye Corp. CONTACT:
media, Yasmeen Coning, +1-323-933-3399, or , or Karen DeMarco,
+1-323-933-3399, or , both of mPRm Public Relations, for Loudeye
Corp.; or investors, Michael Dougherty of Loudeye Corp.,
+1-206-832-4000, or Web site: http://www.fast500.com/ Web site:
http://www.deloitte.com/us Web site: http://www.loudeye.com/
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