SOURCE: Foliage

May 16, 2007 11:20 ET

Foliage Named as Finalist in 2007 American Business Awards(SM)

Company Recognized in Best Product Development Team Category

BURLINGTON, MA -- (MARKET WIRE) -- May 16, 2007 -- Foliage, a technology consulting and product development company, today announced that it was named a finalist in the Best Product Development Team category in The 2007 American Business Awards, nicknamed the Stevie Awards. Foliage was selected from among more than 2,000 entries from companies of all sizes and in virtually every industry.

Foliage will be competing for Best Product Development Team for its work on behalf of a worldwide supplier of precision optical metrology instruments. Foliage worked closely with the company's chief scientists to help develop a highly complex machine under extremely tight time constraints. The project, which encompassed technology and internal/international communications challenges, was successful due to the exceptional capabilities of Foliage's team members.

"Having the development team that worked on this product receive a finalist nod from the American Business Awards is a testament to both the level of client commitment and the depth of technology expertise that our team demonstrated," said Tim Bowe, co-CEO and founder of Foliage. "Exhibiting grace under pressure, this team tackled and overcame many obstacles and exceeded client expectations in terms of product delivery and timing. We are honored to be recognized and are very proud of this achievement."

"Being named a Finalist in The American Business Awards is an important achievement," said Michael Gallagher, founder and president of The Stevie Awards. "It means that independent business executives have agreed that the nominee is worthy of national recognition. We congratulate all of the finalists on their achievement and wish them well in the competition."

Stevie Award winners will be announced during the annual gala on Monday, June 11 at the Marriott Marquis Hotel in New York City. More than 700 executives from across the U.S.A. are expected to attend. The ceremonies will be videocast on the Internet and broadcast on radio, and hosted by Larry Wilmore of TV's THE DAILY SHOW with JON STEWART.

Details about The American Business Awards and the list of finalists in all categories are available at www.stevieawards.com/aba.

About Foliage

Foliage, the driving force behind many of today's life- and mission-critical products, provides clients with the business sense, industry insight and technology expertise needed to bring the right products to market faster. Since 1991, Foliage has provided clients with vital insight into the product development process, facilitating better-informed business decisions across the organization. Foliage enables its clients in the aerospace, financial, industrial equipment, medical and semiconductor industries to capture market share and maximize profitability. A privately held company, Foliage has offices in Burlington, Mass., Westford, Mass. and Mesa, Ariz. For more information, visit www.foliage.com.

About The Stevie Awards

Hailed as "the business world's own Oscars," Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Selling Power Sales Excellence Awards. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

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