BOTHELL, Wash., Oct. 11 /PRNewswire/ -- Diagnostic Ultrasound Corporation is pleased to announce that it has been ranked in Deloitte's prestigious Technology Fast 50 Program for Washington State, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services organizations. Rankings are based on percentage revenue growth over a five-year period from 2000-2004. This is the second time in the past five years that Diagnostic Ultrasound has been ranked in Deloitte's Fast 50.
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"We had another stellar, high growth, high profit year," said Gerald McMorrow, CEO of Diagnostic Ultrasound Corporation. "Our growth is directly tied to our fine team of employees worldwide. Our BladderScan(R) has become a standard of care, and we are working to develop additional innovative products. I would like to thank our loyal customers for working to improve patient care, and our team of employees for providing excellence to our customers."
"To make Deloitte's Technology Fast 50, companies within Washington State must have had tremendous revenue growth from 2000-2004," said Larry Hile, a partner in Deloitte's Seattle office. "Deloitte applauds Diagnostic Ultrasound for having the long-term vision to develop technologies that improve health care delivery."
Diagnostic Ultrasound specializes in application-specific medical ultrasound devices and related software and imaging services for the Urology, Acute Care, Primary Care and Extended Care markets. The company is best known for its BladderScan(R) product line, which is clinically proven to help prevent unnecessary catheterization and reduce rates of urinary tract infection. Diagnostic Ultrasound recently received an infusion of capital to fund both internal and acquisition-focused growth initiatives from DW Healthcare Partners, L.P., and Rho Private Equity, L.P.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in Washington, and 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. For more information, please visit www.fast500.com.
About Diagnostic Ultrasound
Diagnostic Ultrasound fills a unique niche in the ultrasound industry, specializing in portable, application-specific ultrasound devices. The company's mission is to advance patient care by making noninvasive ultrasound more accessible to health care providers. Founded in 1984, Diagnostic Ultrasound has grown from a small start-up into a thriving and profitable international corporation. For more information, visit www.dxu.com.
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries or Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
NOTE: BladderScan(R) is a registered trademark of Diagnostic Ultrasound Corporation.
Contact: Jessica McMorrow, PR Specialist of Diagnostic Ultrasound, +1-425-867-1348, ext. 1417.
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