SOURCE: Accounting Management Solutions

August 25, 2006 09:54 ET

Accounting Management Solutions Joins Inc. 500 List of Fastest-Growing Private Companies in the U.S.

WESTBOROUGH, MA -- (MARKET WIRE) -- August 25, 2006 -- Accounting Management Solutions, Inc. (AMS), New England's leading provider of outsourced accounting, financial management, and recruiting services, has been named one of the fastest-growing private companies in the United States by Inc. magazine.

AMS ranks number 361 on the 2006 Inc. 500 list, which was released this week.

Earlier this year, AMS was named the sixth fastest-growing private company in Massachusetts, according to the Boston Business Journal's annual ranking.

"The remarkable growth we've experienced during the last several years, more than anything else, reflects the confidence of our clients and strategic partners in us, for which we are most appreciative," said AMS President James P. Bourdon. "I'm immensely proud of our strong team of professionals who deliver consistently high-quality services that make a difference to our clients, whether they're in the for-profit or nonprofit sectors."

The 2006 Inc. 500 list is compiled based on revenue growth from 2002 through 2005. To qualify, companies must be U.S.-based, privately held, and independent as of December 31, 2005.

AMS revenues grew an average of 388% each year during the 2002-2005 period.

The inclusion of AMS in the listing signals the continued appeal of Massachusetts to rapidly growing companies, Bourdon said. Massachusetts had the fifth most number of companies on this year's list, following California, New York, Virginia, and Texas.

The 2006 Inc. 500, published in the September issue of Inc., reported the most robust collection of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000.

According to Inc., of the 5,795 public companies that have traded for at least three years, only 33 have three-year revenue growth rates higher than No. 500 on this year's Inc. 500 list.

About AMS

Accounting Management Solutions, Inc. (www.amsolutions.net), based in Westborough, Mass., is the leading provider of outsourced accounting, financial management, and recruiting services to emerging companies and public, private, and nonprofit organizations throughout New England. Services include interim and part-time accounting and financial management professionals, Sarbanes-Oxley compliance support, and financial consulting.

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