|
Press Release Source: Clancy Systems International, Inc.
Tuesday October 5, 11:32 am ET DENVER--(BUSINESS WIRE)--Oct. 5, 2004--Clancy Systems International, Inc (OTCBB:CLSI - News), a leading developer of parking enforcement solutions, announced it has been named to Deloitte's prestigious Technology Fast 50 class for Colorado for the second year in succession. The program is sponsored by Deloitte & Touche, LLP, one of the nation's leading professional services firms, Holme Roberts & Owen, LLP and the Denver Business Journal. Rankings are based on the percentage growth in fiscal year revenues over five years, from 1999 to 2003. Clancy's revenues grew 65% for the 2003 year. Steve Yaroch, Chair of the 2004 Colorado Technology Fast 50 and Colorado Technology, Media and Telecommunications Practice Leader for Deloitte & Touche LLP announced, "The Deloitte Colorado Technology Fast 50 companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment." To qualify for the Colorado Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in Colorado, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting significant proportion of revenues to research and development of technology. About Clancy Systems International, Inc. Clancy continues to be an industry leader of parking citation issuance and management services to city government agencies and academic agencies for on street services and the private parking sector for off street services. Clancy has expanded it's Internet services to include citation payment processing, permit fulfillment, and Park by Phone. Clancy's Expo1000 is an industry model for strategically scheduled expositions of parking services and equipment that offers vendors and customers an intimate environment for demonstration. Clancy is also the largest provider of permit services for transit authorities. For more information visit the company's web site at www.clancysystems.com. About Deloitte & Touche LLP Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 US cities. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel. "Deloitte" refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting LLP) and subsidiaries. Deloitte is the US member firm of Deloitte Touche Tohmatsu. For more information visit Deloitte's web site at www.deloitte.com/us. Stan Wolfson, President and CEO of Clancy states: "We are pleased to have achieved this distinct honor for a second year and are proud to be identified in the company of such strong technology leaders. All of us at Clancy share much satisfaction in seeing our visions become live projects for our clients. It is truly a team effort that drives our success. We are all very please to be recognized by Deloitte for our efforts and our success." -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- |