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Seven EDC Clients Recognized at 2011 Fastest Growing Companies Event

CORALVILLE, IA—May 24, 2011—The Entrepreneurial Development Center (EDC), a Cedar Rapids-based business accelerator, is pleased to announce that seven of its clients were recognized at the Corridor Business Journal’s (CBJ) Fastest Growing Companies breakfast. The event, held Tuesday, May 24 at the Coralville Marriott, attracted a sold-out crowd of over 350 attendees. This notable list includes Tim Guenther, President & CEO of Urbana-based Clickstop, named Entrepreneur of the Year. The #1 fastest growing company was Precision Revenue Strategies, Inc. with 292% growth from 2008 to 2010. The CBJ expanded the list from 15 last year to recognize 20 companies at this year’s event.

EDC clients recognized as 2011 Fastest Growing Companies (and the growth they posted from 2008 to 2010):

#4 Clickstop (180%)
#6 MobileDemand (119%)
#8 Ovation Networks (87%)
#14 Geonetric (48%)
#16 Genova Technologies (43%)
#17 AES (41.46%)
#19 HH Ventures (38.3%)

“I am proud of Clickstop’s growth and it is an honor to be recognized as Entrepreneur of the Year,” said Tim Guenther, President & CEO of Clickstop, an internet retailer and marketer.  “This growth and recognition could not have come without the efforts of our entire team. Leading a growing business comes with challenges and I appreciate resources like the EDC that help us avoid some of the pitfalls of growing fast.”

EDC was a presenting sponsor of the fourth-annual event that recognizes companies with the highest growth rates in the Cedar Rapids/Iowa City Corridor.

“The Fastest Growing Companies has grown as an event in its own right and is a great opportunity to recognize the contribution area fast growing, scalable businesses have on our economy,” said Curt Nelson, President and CEO of the EDC. “The growth of these businesses and more like them are the largest net job creators year after year and absolutely vital to the Corridor’s future.”

Companies had to earn at least $350,000 annually and were ranked based on the percentage increase in revenue experienced from 2008 to 2010.

2011 Fastest Growing Companies
#1 Precision Revenue Strategies, Inc.
#2 Health Solutions, LLC
#3 Skywalk Group
#4 Clickstop Inc.
#5 MindFire Communications
#6 MobileDemand
#7 Thomas L. Cardella & Associates
#8 Ovation Networks
#9 Crystal Group, Inc.
#10 Raining Rose Inc.
#11 HR Green
#12 Children’s Center for Therapy
#13 MD Orthopaedics Inc.
#14 Geonetric Inc.
#15 TMone
#16 Genova Technologies
#17 AES Corporation
#18 Oasis Falafel LLC
#19 HH Ventures LLC (Ready Mobile)
#20 TrueNorth
Other sponsors of the event included Kirkwood Training & Outreach Services, Honkamp Krueger & Co. and Nyemaster Goode.

About the EDC
The Entrepreneurial Development Center was incorporated in 2003 as a community-sponsored, non-profit business accelerator. The company provides economic growth through the development and expansion of entrepreneurial enterprises and has successfully assisted over 400 Iowa-headquartered businesses. Its focus is on creating local wealth for area re-investment by growing and cultivating regional, national, and international businesses. Visit www.edcinc.org for details.