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
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
"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