Salt Lake City, UT - iboats.com, a dealer-supportive network of boating-related web sites, was recognized as an "Emerging Elite" company by MountainWest Venture Group at an awards luncheon with more than 1,000 attendees held recently at the Grand America Hotel in Salt Lake City, UT, the company reported in a statement today.
Started in 1995 as Utah's only business growth recognition program, the MountainWest Venture Group identifies and recognizes the top 100 Utah-based companies who have grown the fastest in revenues over the last five years. The winner this year, overstock.com, grew at 10,000 percent over the last five years.
A new category of 15 "Emerging Elite" companies who have "outstanding accomplishments and future potential," as defined by Mountain West, was also recognized this year at the luncheon. This category, in which iboats was included, was for new Utah-based companies with four consecutive years of revenue growth and a minimum revenue of $50,000 in 1999.
Utah's Governor Olene S. Walker presented the award to Gordon Peterson Jr., CFO of iboats.com. Due to iboats' revenue growth rate of over 12,000 percent over the last four years, iboats.com was selected to receive the "Emerging Elite" award from among thousands of applicants solicited throughout the state. This track record makes iboats an excellent potential contender to be next year's overall winner.
iboats, inc., located in Salt Lake City, Utah is a privately held corporation that focuses on building the sales and profits of marine retailers. More information on iboats' dealer Web site packages and other services is available at www.iboats.com or by calling 1-800-869-1686.