New Mexico Software, Inc. (OTCBB:NMXC) today announced that it ranked number 471 on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009. New Mexico Software grew 162 percent during this period.
New Mexico Software CEO Dick Govatski credits the company’s FDA 510k cleared PACS system, attention to patient care, and quality control programs for the company’s 162% revenue growth. “I was extremely pleased to learn that our company was named to the Technology Fast 500™. The growth that we achieved was in large part due to the rapidly developing telemedicine marketplace. New Mexico Software is providing many new and unique technologies that will become even more important to the future of medicine in the coming years. In addition to radiology, we are growing in cardiology, neurology, tele-retinal, and dermatology practices. We’ll be seeing continued growth in our revenue in 2011,” Govatski said.
“New Mexico Software and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. “Deloitte commends New Mexico Software for this impressive accomplishment.”
“New Mexico Software has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™,” said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.This is the first year that New Mexico Software has been listed as a Technology Fast 500™ award winner. For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com. About New Mexico Software, Inc. New Mexico Software, Inc. develops and provides medical IT services and solutions that enable improved and faster communication within the preventative, comprehensive and critical healthcare segments. New Mexico also provides software and hardware that streamlines administrative processes for a more efficient working environment. For more information, visit www.nmxc.net or www.nmxs.com or contact Dick Govatski, president and CEO, at 505-255-1999 or email@example.com. An investment profile on New Mexico Software may be found at http://www.hawkassociates.com/profile/nmxc.cfm. To receive future releases in e-mail alerts, sign up at http://www.hawkassociates.com/about/alert. For more investor-related questions contact Frank Hawkins, Hawk Associates, at 305-451-1888 or firstname.lastname@example.org. To subscribe to future releases via e-mail alert visit www.hawkassociates.com/about/alert/. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company’s Forms 10-K and 10-Q filed with the SEC.