SOURCE: VillageEDOCS, Inc.

November 12, 2008 11:42 ET

VillageEDOCS Ranked 267th on the Deloitte & Touche 2008 Technology Fast 500 of the Fastest Growing Companies in North America

SANTA ANA, CA--(Marketwire - November 12, 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, today announced that it was ranked 267th on Deloitte's 2008 Technology Fast 500. This distinction ranks VillageEDOCS as one of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. VillageEDOCS grew 653.45 percent during this period. In addition to ranking on Deloitte's Technology Fast 500, VillageEDOCS ranked 14th on Deloitte's 2008 Orange County Technology Fast 50 program, which is a ranking of the 50 fastest growing technology firms in Orange County, CA.

The Deloitte & Touche 2008 Technology Fast 500 program ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007. Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.

"Each company on Deloitte's Technology Fast 500 is an innovator with an exceptional five-year track record of growth," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "VillageEDOCS has earned its position among the fastest growing companies in North America, and we are proud to honor this important accomplishment," Mr. Asmundson added.

"We are honored to be named to the prestigious Deloitte 2008 Technology Fast 500, and to be recognized as one of the leading technology companies in North America," said Mason Conner, President and Chief Executive Officer of VillageEDOCS. "Our ranking among this impressive list confirms the confidence our customers have in the quality of our products and with our success in providing a technology-driven suite of SaaS Hosted business information management and delivery services to our more than 1,400 corporate clients. This is truly an honor and I thank each and every one of our employees who have helped make this national achievement possible," he added.

About VillageEDOCS, Inc.

VillageEDOCS, Inc., through its MessageVision subsidiary, is a leading provider of comprehensive business-to-business information delivery services 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, the impact of the current economic crisis, and risks associated with acquisitions, such as the inability 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

    Ron Stabiner
    Vice President
    The Wall Street Group, Inc.
    212-888-4848