FOR IMMEDIATE RELEASEFAIRFAX, VA - OCTOBER 21, 2004 - Mythic Entertainment, developer and publisher of the massively-multiplayer online role-playing game "Dark Age of Camelot," today announced that it ranked Number 106 on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1999-2003. Mythic Entertainment grew 2,226 percent during this period.
Mythic Entertainment's CEO, Mark Jacobs, credits dedication to product improvement and a company-wide commitment to customer service with the company's 2,226 percent revenue growth over the past five years. He said, "At Mythic Entertainment, we constantly strive to improve our customers' experience with 'Dark Age of Camelot,' and it results in dedicated fans. As an organization, we truly care about the product and the players, and take pride in making our game a worldwide leader."
"Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "We congratulate Mythic Entertainment on becoming one of the 500 fastest growing technology companies in North America."
Mythic Entertainment previously ranked 112 on the 2003 Deloitte Technology Fast 500.
In addition to ranking on the Deloitte Technology Fast 500, Mythic Entertainment ranked six on the Maryland and Virginia Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Maryland and Virginia.
Overall, companies that ranked on the 2004 Technology Fast 500 had growth rates ranging from 329 to 437,115 percent over five years, with an average growth rate of 4,109 percent.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte's 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1999 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2003 operating revenues must be at least $1 million USD or CD.
Entrants must also be public or private companies headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
About Mythic Entertainment
Mythic Entertainment is one of the most successful developers and publishers of massively multiplayer online role-playing games in the world. Credited with 15 online games, including the award winning "Dark Age of Camelot®," Mythic's success is based in proprietary technology, superior game design and exemplary customer service delivered by a talented staff of more than 150 people. "Dark Age of Camelot®" is played by more than 250,000 subscribers in almost every country in the world, and has been translated into four languages.
In March 2003, TA Associates completed a $32 million investment in Mythic, the largest ever granted to any independent game developer. Mythic has been recognized for their business achievements by the Inc. 500, Deloitte and Touche's Fast 500, and as a 2004 finalist in the Dell Small Business Awards. In addition to "Dark Age of Camelot®" expansions, Mythic is currently developing "ImperatorTM," a next-generation Sci-fi MMORPG, scheduled for release in winter of 2005. More information about Mythic Entertainment is available at www.mythicentertainment.com.
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