PEER 1 Network Enterprises, Inc.
TSX VENTURE : PIX

PEER 1 Network Enterprises, Inc.

June 06, 2007 08:30 ET

PEER 1 Ranked as Ninth Fastest-Growing Company in Canada

Company Also Ranks Second in British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2007) - PEER 1 Network Enterprises, Inc. (TSX VENTURE:PIX) announced today that it has been recognized as the ninth fastest-growing company in Canada and second in British Columbia in this week's 19th annual PROFIT 100 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine.

This is PEER 1's second consecutive year in the top ten of the PROFIT 100 list. In 2006 the company ranked fourth in Canada and came in as the number one fastest growing company in British Columbia.

"We are very pleased to have placed in the top ten in the PROFIT 100 rankings for the second year in a row," said Fabio M. Banducci, PEER 1's president. "A tremendous amount of hard work has gone into building this company into what it is today. We expect to continue to thrive as we sharpen our focus on enabling our customers to concentrate their attention on the possibilities of the Internet, not the complexities."

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at PROFITguide.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.

"PROFIT 100 companies are the new heroes of Canadian business, creating jobs at home and products used around the world," said Ian Portsmouth, editor of PROFIT Magazine. "They've accomplished this by building great employee teams, exploiting export markets and rapidly responding to the customer's fast-changing needs."

About PEER 1:

PEER 1 is a leading Internet infrastructure provider delivering highly scalable hosting and co-location solutions to ensure a client's online presence is fast performing and available 100% of the time. Since its inception in 1999, the company has grown to include data centers and network points of presence in 17 major cities across North America and Europe, all connected by PEER 1's world class Internet network. PEER 1 serves a variety of small- and medium-sized businesses including emerging technology companies, hosting providers, online gaming providers, Internet phone (VoIP) companies, and professional services organizations. The company's headquarters are in Vancouver, Canada and the stock is traded on the TSX Venture exchange under the symbol PIX. For more information visit http://www.peer1.com.

About PROFIT Magazine:

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. Visit PROFITguide.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • PEER 1
    Katie Wilson
    Communications
    1-866-683-7747
    Website: www.peer1.com