Pioneering Technology Recognized as One of Canada's Fastest-Growing Companies

Ranked #36 in PROFIT Magazine's 23rd Annual PROFIT 200 Ranking

TORONTO, June 6, 2011 /CNW/ - Pioneering Technology Corp. of Mississauga, Ontario (TSX-V: PTE), ("Pioneering") has been ranked number 36 in the 23rd annual PROFIT 200 ranking of Canada's Fastest-Growing Companies.

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies.  Published in the summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.

Pioneering has grown 3,600% over the five-year period and 1,341% as per the parameters of the PROFIT 200 ranking.  Historically a product innovation incubator, Pioneering began commercializing some of its proprietary products in 2007.  Today Pioneering is an energy smart product and consumer goods company that has brought to market innovative solutions for everyday consumer products making them safer, smarter and more efficient.  Pioneering recently reported its seventh consecutive quarter of positive operating income.

"We are very proud to have been recognized for our achievements to date but want PROFIT readers to know that we are just getting started", said Pioneering CEO Kevin Callahan.  "Our proprietary product solutions are relevant in every household and most public and private institutions meaning that there is considerable room for growth. We plan to be on this list for many years to come.  Recognition from the leading entrepreneurial magazine in Canada is extremely gratifying for our employees, our partners and those around the world who have helped champion these product solutions because they help save lives, energy and money."

"The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage," says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine.

"PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesspeople to learn more about the many ways they've come so far, so fast."

About Pioneering Technology Corp:
Pioneering is an "Energy Smart" product innovation and consumer goods company based in Mississauga, Ontario, that engineers and brings to market solutions for consumer products making them safer, smarter and/or more efficient. The patented Safe-T-element(R) cooking system is engineered to help prevent stove top cooking fires, the number one cause of fire in North America, and to reduce the amount of electricity required to cook.  The patent pending Safe-T-sensor is designed to detect burning conditions in microwave ovens shutting it off before it triggers a fire alarm.  Pioneering trademarks include Safe-T-element®, Safe-T-Sensor™, Powergrill™, Battery Eliminator®, Powerpak™ and the Hydro-free Furnace Fan™.   For more information please visit www.pioneeringtech.com .  

About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change.  Visit PROFIT online at www.PROFITguide.com .

SOURCE Pioneering Technology Corp.

For further information:

Kevin R. Callahan, CEO of Pioneering, at (905) 712-2061 ext. 222

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Pioneering Technology Corp.

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