-- Redline included among top companies in Profit Magazine's 20th Annual
Profit 100 Ranking --
TORONTO, June 4 /CNW/ - Redline Communications Group Inc. ("Redline")
(TSX and AIM: RDL), a leading provider of WiMAX and broadband wireless
infrastructure products, today announced that it has been recognized as one of
Canada's 100 Fastest Growing Companies by PROFIT magazine.
Ranking Canada's Fastest-Growing Companies by five-year revenue growth,
PROFIT 100 profiles the country's most successful growth companies. Redline
has achieved outstanding results, reporting 2007 revenue of US$52.2 million
and a Compound Annual Growth Rate (CAGR) of 100%. In 2007 alone, Redline
recognized annual overall revenue growth of 47%, and an 85% year-over-year
increase in sales of its WiMAX Forum Certified(TM) RedMAX(R) products.
"Redline has continued to position itself as a leader in delivering
advanced broadband wireless solutions," said Majed Sifri, President and Chief
Executive Officer, Redline Communications. "Our strategic focus on delivering
solutions that meet the needs of carriers in emerging markets, and our
leadership in WiMAX technology have been key to our success. We appreciate the
support of our customers, partners, employees, and shareholders, each of whom
have contributed to our growth."
"The PROFIT 100 companies are role models for anyone who wants to expand
their business domestically or internationally," says Ian Portsmouth, editor
of PROFIT. "All entrepreneurs can take great lessons from the product
development, human resources and marketing practices of Canada's
The results of the PROFIT 100 rankings are published in the June issue of
PROFIT magazine and online at PROFITguide.com.
Redline's WiMAX Leadership
Redline is recognized worldwide as a leader in the deployment of WiMAX
Forum Certified products. Redline's RedMAX(TM) family of WiMAX solutions was
the world's first complete system to receive the WiMAX Forum Certified(TM)
mark for conformance to the WiMAX standards for performance and
interoperability. Redline's new RedMAX 4C Mobile WiMAX products have been
submitted for certification to the mobile WiMAX standards Redline currently
has more than 160 WiMAX deployments, of which 58 are commercial,
PROFIT 100 is Canada's most authoritative ranking of top growth
companies. The list ranks Canada's best and brightest companies based on
five-years revenue growth. Now in its 13th year, PROFIT 100 celebrates success
stories from every sector of the economy.
PROFIT: Your Guide to Business Success offers news, strategies, tips,
interviews and other resources to entrepreneurs leading Canada's
fastest-growing companies. Each year PROFIT - which currently reaches more
than 300,000 readers nationally - hosts a number of events that bring together
business leaders in the fast-growth segment and champions the interests of
those leaders. PROFIT was founded in April 1982 as Canada's first national
magazine geared to entrepreneurs.
About Redline Communications
Redline Communications (www.redlinecommunications.com) is the leading
provider of fixed and mobile standards-based wireless broadband solutions.
Redline's RedMAX(TM) WiMAX Forum Certified(TM) system, RedMAX 4C Mobile
WiMAX(TM) products, and its award-winning RedCONNEX(TM) and RedACCESS(TM)
families of broadband wireless infrastructure products enable service
providers and other network operators to cost-effectively deliver
high-bandwidth services, including voice, video and data communications.
Redline is committed to maintaining its wireless industry leadership with the
continued development of WiMAX and other advanced wireless broadband products.
With more than 100,000 installations in 85 countries, and a global network of
over 170 partners, Redline's experience and expertise helps service providers,
enterprises and government organizations roll out wireless broadband networks
to support advanced communications.
NOTE: All registered and unregistered trademarks mentioned in this
release are the property of their respective owners.
Certain statements in this release constitute forward-looking statements
or forward-looking information within the meaning of applicable securities
laws and are made pursuant to the "safe harbour" provisions of such laws.
Statements related to potential benefits of, and demand for, Redline's
products including statements with respect to the features and benefits that
may be achieved through the use of Redline's products and the relative
position of these products vis-à-vis competitive offerings in the industry are
forward-looking statements which are subject to certain assumptions, risks and
uncertainties. These risks and uncertainties include such factors as rapid
technological changes, long uncertain sales cycles, demand for our products,
the introduction of competing technologies, meeting industry standards,
regulatory risk, dependent on key partners and resellers and other similar
factors that may cause the actual results, performance or achievements of
Redline to differ materially from the results, performance, achievements or
developments expressed or implied by such forward-looking statements. Readers
are cautioned not to place undue reliance on such statements. Redline assumes
no obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
For further information:
For further information: Redline Communications, Carolyn Anderson,
email@example.com, Tel: (905) 479-8344; Equicom Group, Craig
firstname.lastname@example.orgemail@example.com, (416) 815-0700;
Canaccord Adams, Andrew Chubb, Tel: +44 (0)20 7050 6500