BRANFORD, Conn., Oct. 22 /PRNewswire-FirstCall/ -- CAS Medical Systems, Inc. (OTC Bulleting Board: CAMY) announced today that it was named to the prestigious 2004 Connecticut Fast 50 Program by Deloitte, one of the nation’s leading professional services firms, and the CT TECHNOLOGY Council. Announced last night, the Technology Fast 50 is a ranking of the 50 fastest growing technology companies in Connecticut, based on percentage revenue growth over five years. This is the third consecutive year that CAS has been included in the Fast 50 Program.
Louis P. Scheps, President and CEO of CAS Medical Systems, Inc. states, “We are very pleased and proud of our selection to the Connecticut Fast 50 once again. Our continued dedication to excellence in all areas of our business, from design to manufacture to marketing and sales, has enabled us to grow every year. We are committed to producing products that are the best in their markets and provide the most value to our customers.” Mr. Scheps credits the Company’s growth in the past year to the successful launch of a new monitoring product line, product improvements and cost reductions, as well as a company-wide focus on quality.
To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a “technology company” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues; and/or devoting a significant proportion of revenues to research and development of technology.
“In today’s economy, double-digit percentage revenue growth is an exceptional accomplishment. We commend CAS Medical Systems, Inc. for making the commitment to technology and delivering on the promise of market longevity,” said David Carver, Connecticut managing partner of the Deloitte’s Technology, Media & Telecommunications practice, and also the chairperson of the 2004 Connecticut Fast 50. “We are proud to honor CAS as a Deloitte Technology Fast 50 winner.”
About CAS
Founded in 1984, CAS Medical Systems, Inc. designs, manufactures and markets high-quality vital signs monitors, apnea monitors, neonatal supplies and blood pressure measurement technology that are the first choice of health care professionals around the world. The Company’s products are designed to improve the quality of patient care and provide exceptional value and performance.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu”, or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.
This press release contains forward-looking statements that involve risks and uncertainties. Actual results could vary materially from the description contained herein due to many factors, including but not limited to, the customer acceptance of the products in the market, the introduction of competitive products and product development, commercialization and technological difficulties, and other risks detailed in the Company’s Securities and Exchange Commission filings.
CAS Medical Systems, Inc.
CONTACT: CAS Medical Systems, Inc. +1-203-488-6056, ir@casmed.com
Web site: http://www.casmed.com/