SOURCE: VillageEDOCS, Inc.

August 18, 2008 08:00 ET

VillageEDOCS Named One of Orange County's 50 Fastest Growing Companies by Deloitte & Touche

SANTA ANA, CA--(Marketwire - August 18, 2008) - VillageEDOCS, Inc. (OTCBB: VEDO), a Solution as a Service (SaaS) company, which is the largest segment of the Software as a Service (SaaS) market, announced today that it has been named one of the fastest growing companies in Orange County as recognized by Deloitte & Touche LLP in its Technology Fast 50 Program, a ranking of the fastest growing technology, media, telecommunications and life sciences companies in the area. VillageEDOCS has also been nominated for consideration in the Technology Fast 500, which honors the 500 fastest growing North American technology companies.

A congratulatory reception will be held on Oct. 23, 2008 at The Center Club in Costa Mesa, Ca.

The Orange County Technology Fast 50 annually recognizes the fastest-growing companies within the geographic boundaries of Orange County. The awards are based on percentage revenue growth over a five-year period. To qualify, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of their operating revenues. Nominees can be public or private companies, and encompass all technology, media, telecommunications and life sciences industry sectors.

"We are honored to be named to the prestigious Orange County Technology Fast 50, and proud to be recognized as one of the leading technology companies in one of the most vibrant technology and economic communities in the country," stated Mason Conner, President and Chief Executive Officer of VillageEDOCS. "Over the past five years, VillageEDOCS has experienced a 50% compounded annual growth rate, and we attribute our success to the technology-driven suite of outsourced business information delivery services we provide to our more than 1,400 corporate clients. Making the Fast 50 is a testament to the dedication and hard work of all of our employees who have helped make this achievement possible," he added.

About VillageEDOCS, Inc.

VillageEDOCS, Inc., through its MessageVision subsidiary, is a leading provider of comprehensive business-to-business information delivery and document management services and products for organizations with mission critical needs, including major corporations, government agencies and non-profit organizations. Through its Tailored Business Systems subsidiary, VillageEDOCS provides accounting and billing solutions for county and local governments. Through its GoSolutions subsidiary, VillageEDOCS provides enhanced voice and data delivery services. Through its Questys Solutions subsidiary, VillageEDOCS provides advanced electronic document/content management and automated data capture solutions to a variety of markets in the U.S. and abroad. For further information, visit our website at www.villageedocs.com.

Cautionary Statement Regarding Forward-Looking Information

All statements in this press release that do not directly and exclusively relate to historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements made in this press release, including, without limitation, those relating to our belief about benefits the Company has derived, or may derive, from pursuing its acquisitions or from new management personnel or consultants, and our expectations regarding future operating results, including such for the remainder of 2008, are forward-looking statements. These statements, and other forward looking statements in this press release, represent the Company's plans, intentions, expectations and belief and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected or expressed herein. These include, without limitation, risks associated with acquisitions, including the acquisition of Questys Solutions, such as the inability to complete the acquisition and to assimilate and integrate new operations and retain key personnel, uncertainties in the market, competition, legal, regulatory initiatives, success of marketing efforts, availability, terms and deployment of capital, personnel risks, and other risks detailed in the Company's SEC reports, of which many are beyond the control of the Company. Trading in the Company's common stock is limited, and marketability of the stock is restricted by penny stock regulations and the fact that our common stock is traded on the OTCBB. The Company does not presently qualify, and may never qualify, to be listed or quoted on any exchange or other market. The Company assumes no obligation to update or alter the information in this press release. Investors are cautioned not to put undue reliance on any forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in Section 21E of the Exchange Act.

Contact Information

  • Contact:
    Mason Conner
    Chief Executive Officer
    VillageEDOCS
    714-368-8711
    or
    Ron Stabiner
    Vice President
    The Wall Street Group, Inc.
    212-888-4848