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America's Fastest-Growing Private Companies

A user's guide to the 12th annual Inc. 500 list.
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Today Bill Gates is a household name -- but nine years ago he was just another Inc. 500 chief executive. Microsoft, the $3.8-billion company based in Redmond, Wash., that now dominates the software industry, had 1983 sales of only $50 million, with a work force of 342 people. It was then that Gates and Microsoft first made the Inc. 500, as #80 on our 1984 list.

Each year since 1981, Inc. has named the fastest-growing small privately held companies in the nation. Because our list is based on the percentage revenue growth of companies that do not have publicly traded stock, we catch many of America's hot entrepreneurial growth companies when they are just starting out. When a company appears on our list, odds are, you've never heard of it before.

Just wait. After a few years some of those little companies will start cropping up everywhere, affecting every aspect of the American economy. Eat a Domino's pizza, and you're patronizing a former Inc. 500 company; if you try to take weight off through Jenny Craig's diet program, you're doing it again. Put on a Patagonia jacket or Timberland boots, and there's another Inc. 500 company. Order a gadget from the Sharper Image or stock through Charles Schwab discount brokers and you're doing business with Inc. 500 alumni; hire Paychex to process your company's payroll and it's happening once more. Even kids encounter the Inc. 500: if your children play with the popular Where in the World Is Carmen Sandiego? software, they are customers of Broderbund Software. When it comes time to prepare for the SATs, they will probably consider Princeton Review.

Inc. 500 alumni are concentrated in industries that have grown rapidly during the last decade, such as personal-computer hardware and software. One example: Gateway 2000, based in North Sioux City, S. Dak., a company that sells its personal computers via mail order, is on the list for the fourth time this year, as #6; it grew from sales of $101,000 in 1985 to $1.1 billion last year. And two of the most popular personal-computer software packages on the market today are the Quicken financial software from Intuit, in Menlo Park, Calif., and the word-processing software WordPerfect, from the company of the same name, based in Orem, Utah. Oracle, based in Redwood Shores, Calif., has grown to $1.5 billion in sales with its database-management software.

As new markets continue to emerge, Inc. 500 companies emerge with them. One of today's fastest-growing industries is computer networking, as companies link their desktop computers to share data. The networking market is home to a number of former Inc. 500 companies, such as Artisoft, Microtest, and Chipcom. Probably the best known is Cabletron Systems, which Craig Benson and Bob Levine founded in 1983. By early 1993 the company employed 2,625 and had sales of $418 million and net income of $83 million.

But you don't have to be a high-tech star to make the Inc. 500 -- as Anne Murphy points out in "Masters of the Ordinary," [Article link]. Our list includes companies that have grown by bringing innovation to ordinary businesses, as Domino's did with its emphasis on quick, reliable pizza delivery. Often, the Inc. 500 innovators in established industries have grown by experimenting with new management styles. Take a look at Wabash National. By emphasizing flexible manufacturing, products designed to customer specifications, employee training, and profit sharing, Jerry Ehrlich built a growth company in a distinctly nongrowth industry: the manufacture of truck trailers. In just eight years he grew Wabash National to 1992 sales of $289 million, profits of $9 million, and a work force of 1,800. Today the Lafayette, Ind., company claims the world's largest truck-trailer factory.

In general, since the Inc. 500 represent emerging growth companies, they provide a window into the latest innovations in management thinking. (See "Thinking Flat," by Leslie Brokaw, [Article link].) Consider Solectron, based in Milpitas, Calif., and with 1992 revenues of $407 million. The electronics manufacturer first made the list in 1984. Solectron chairman Winston Chen's success at creating a culture that emphasizes quality and employee training won the company the Malcolm Baldrige National Quality Award in 1991. And throughout the list, we find companies adopting new, more participative management styles: for example, 28% of the 1993 Inc. 500 CEOs share their companies' profits with employees.

Of course, not every Inc. 500 company is a model for aspiring company builders. Because of the difficulty of meaningfully measuring profitability in private companies, the Inc. 500 list is based only on revenue growth. The advantages to that approach are simplicity and objectivity -- but there are also some distinct drawbacks. Earning a spot on the Inc. 500 is nothing like winning the Good Housekeeping seal of approval. There is no filter to exclude companies that have grown through questionable marketing schemes -- or simply through fads or fashions with little staying power. (In 1985 there were some bad moments here in Inc.'s editorial offices because the fastest-growing small private company in the nation turned out to be Herbalife International, a diet-supplement marketer that had been investigated by the Food and Drug Administration and sued for fraudulent marketing by the state of California. Inc. survived, as did Herbalife.)

Then, too, even the best companies hit roadblocks sooner or later. Few forever escape market turbulence, whether caused by changing technologies, shifts in consumer tastes, or simply the wrong management decisions. After making the Inc. 500, some businesses fail, while some join the ranks of the nation's largest companies. But most do neither. Instead, Inc. 500 companies often grow into the successful private small to midsize corporations that form the backbone of our economy.

As U.S. labor secretary Robert Reich has written, today's multinational companies are becoming more footloose, without loyalties to any nation-state. The Inc. 500 are the companies that stay home. By and large, they grow and prosper in their communities, where their founders live and work. They are often the rising stars of their business communities, providing jobs, wealth, and new economic leadership.

And grow they do. While the Fortune 500 shed 3.5 million jobs during the 1980s, the Inc. 500 companies helped keep the economy growing. Most of the companies on the 1993 list didn't exist 10 years ago, and by 1988 all 500 accounted for only 7,304 jobs and $575 million in revenues. But by the end of 1992, the 1993 Inc. 500 had collectively generated 46,391 jobs and $8.2 billion in sales. Fully 75% are now doing business all over the nation, and 40% export their goods and services to the rest of the world.

The Inc. 500 list is the domain of the successful Main Street entrepreneur, the women and men who embody the American dream. They are what's right with the American economy. The list is full of people like Bob and Martha Parsons, who in 1984 founded their now $35-million Parsons Technology software company (#11 last year and #131 this year) in the basement of their Hiawatha, Iowa, home -- and like Palmer Reynolds, a former welfare mother who went on to found Phoenix Textile (#198 in 1988), a St. Louis company reporting $34 million in sales.

We can't tell you for sure which of the 1993 Inc. 500 will be the next Microsoft or which will die or stagnate. But we can tell you that behind the typical Inc. 500 company is a great story about personal triumph, economic growth, and job creation. And in front of them all lies the future of the new economy.

* * *

THE 1993 INC. 500

Median number of employees 45

Average number of employees 93

Median 1992 sales $5,822,000

Average 1992 sales $16,394,000


WHERE THE GROWTH IS

A look at which states are winners, losers, and best of show can tell us a lot about which regions in the country are generating jobs -- and which are not

If all politics is local, as politicians like to say, then all economics is geographic. What matters to most of us isn't the $5-trillion U.S. economy; it's how our city, state, or region is faring -- which is often quite different from how the nation as a whole is.

But while local unemployment rates and similar statistics indicate a region's economic health today, what about its prospects for the future? That's where fast-growing businesses like the Inc. 500 come in. Figure out how your state stacks up on this list, over time, and you'll have a pretty good idea of how many young companies are out there generating the jobs and commerce of tomorrow's new economy.

For if there's one salient fact about these 500 companies, it's that their geographic distribution isn't uniform. Indeed, it may be about as far from uniform as you can reasonably imagine. Consider the evidence:

Most companies on the list can be found in just five 2- and 3-state clusters. The top 15 states account for nearly three-quarters of the total.

The bottom 22 states, by contrast, house only 33 companies in all, about one-fifteenth of the total. No state in this category has more than 3 companies. Four (Hawaii, Montana, Nevada, and North Dakota) have none headquartered there.

This year's rankings turn up seven big winners among the states, including one that qualifies as 1993's Best of Show -- and a couple of big losers, too.

Check out the listing (below), and you'll see how those patterns fall into place.

Take those clusters of growth. On the Atlantic seaboard, New York, New Jersey, and Pennsylvania have 63 Inc. 500 companies, while Maryland and Virginia count 51. Florida and Georgia add another 49. That's 33% of the list right there.

In the Midwest, Ohio, Indiana, and Michigan house a combined total of 55 companies. On the Pacific coast, California, Oregon, and Washington account for 88. That's another 29%.

Add those up, then throw in Massachusetts (22 winners) and Texas (32). The 15-state total now comes to 360 companies, or 72% of the list. Yet those states account for only 62% of the U.S. population.

Much of the rest of the country is, to put it bluntly, a growth-company wasteland. A few other midwestern states -- Illinois and Minnesota, for example -- put up respectable showings, as do North Carolina, Arizona, and Colorado. But the also-rans are numerous, running the gamut from rich urban states such as Connecticut (5 companies) to perpetually hard-pressed places such as Mississippi (one). Granted, population skews the distribution -- just not as much as you might think. Massachusetts, with fewer than twice as many people as neighboring Connecticut, has 4.4 times as many Inc. 500 companies. Indiana has only a few more residents than nearby Missouri but more than double the number of winning companies.

What's most interesting about the list's geographic distribution is its evolution over time. That's where the winners and losers show up clearly. Populous California, for example, is the perennial single-state leader and tops the list again this year with 67. But the Golden State's total is 11 below last year's (and 17 below 1991's), making it 1993's biggest loser. Texas also ranks high in the losing category: it dropped from 41 companies last year (and 40 in 1991) to only 32 this year.

And the big winners? Each region has at least one. Each winner can trace its growth to particular industries.

In the Northeast, the prize goes to New Jersey, up from 14 companies in 1992 to 19 this year. The Garden State's strength is computers and business services. A typical company is Beechwood Data Systems (#317), which provides software and training services to the telecommunications industry.

Down the coast, Maryland swelled from 12 companies last year to 16 this year, while Virginia went from 30 to 35. The key: the federal government. Most of the winners are in the ever-expanding Washington, D.C., region. Many -- such as Kestrel Associates (#152), a systems-engineering firm in Arlington, Va. -- sell their services directly to the feds.

In the Midwest, Indiana (12 companies to 16) and Michigan (11 to a whopping 22) did best this year. The growth stemmed partly from computers and business services, as in other regions, but also from aggressive manufacturing and transportation enterprises. Team One Plastics (#101), in Albion, Mich., is an injection molder, making parts for automotive and medical customers. Hub City Indianapolis Terminals (#215) provides intermodal shipping services.

On the West Coast, Washington State wins a special prize, not only for its 1993 bevy of 16 companies, up from 11, but also for their unusual names and businesses. Buckeye Beans & Herbs (#405) produces a variety of specialty foods. Greetings Trend Shops (#478) is a card and gift retailer. High Tide (#222) operates a massage school and clinic. And where else would a computer seller and installer be dubbed Right Byte Computers (#327)?

Of all the winners, however, no one compares with the Best of Show: Florida.

It isn't just that the Sunshine State gained 5 Inc. 500 companies in each of the last two years, nor even that its total of 35 this year is 8 more than you'd expect on the basis of population alone. What's startling about Florida's growth companies is their diversity.

Few states can claim not only the usual complement of computer and business-service companies but also a wide range of retailers, wholesalers, manufacturers, and financial-services companies. Florida has Systems Consulting Group (#225) and Sprint Temporary Services (#188) -- but also Florida Island Foods (#345), which operates Taco Bell restaurants, and AAMP of America (#346), an auto-parts wholesaler. GTO (#120) manufactures automatic gate openers. Implant Innovations (#39) distributes dental implants. LBS Capital Management (#167) is an investment adviser and money manager.

But to judge by the list, many states are likely to be left behind as today's marketplace evolves into tomorrow's. And that -- not the performance of the U.S. economy as a whole -- is what will matter to their residents. -- John Case

Midwest
Illinois

Alternative Resources (13)

Artisan Freelance (147)

Beccorp Transportation Services (263)

DHS & Associates (139)

EKS (223)

First Commonwealth (31)

Indeck Energy Services (2)

Morningstar (179)

Pro Mark Technologies (241)

STATS (144)

Triangle Technologies (102)

Turnkey Environmental

Consultants (455)

Indiana

Action Temporary Services (409)

Direct Air (293)

Dodson Group (108)

First Benefit (413)

FitchMeyer Enterprises (440)

Hub City Indianapolis Terminals (215)

K-Whit Tools (304)

Mega-Sys (135)

National Catastrophe Adjusters (64)

Personnel Management (407)

Renaissance (381)

Single Source Systems (248)

Summerlot Engineered Products (232)

Sweetwater Sound (126)

Telamon (259)

Trilithic (10)

Iowa

Engineering Data Systems (344)

Parsons Technology (131)

Kansas

Key Construction (257)

Oread Laboratories (75)

Michigan

Builders, Designers, Remodelers (122)

Campbell Services (227)

Centerline Piping (336)

Data Image (303)

Eaton Metal Products (218)

Englehart (347)

Flexible Plan Investments (231)

Grand Aire Express (159)

Half Off Card Shop (42)

MAC Management (299)

Management Service Systems (341)

Payroll 1 (390)

Retail Resources (343)

Rock Financial (369)

Russell Construction (24)

Saturn Electronics & Engineering (357)

Sim Ware (376)

Staffing Inc. (92)

Sygnetics (200)

Team One Plastics (101)

Travel 2000 (372)

Virtual Services (378)

Minnesota

Alternative Pioneering Systems (95)

Augustine Medical (72)

Data Sciences (468)

David Mitchell & Associates (298)

Digital DataVoice (233)

Ergodyne (165)

Global Computronics (70)

National Title Resources (140)

Play It Again Sports Franchise (4)

Teltech Resource Network (398)

Missouri

Asay Publishing (410)

Environmental Operations (448)

Grafton Personnel Service (164)

Ni-Med (16)

Penmac Personnel Services (81)

Saint Louis Bread (18)

Victorian Papers (93)

Nebraska

Cetac Technologies (153)

Cutchall Management (128)

Design Basics (490)

Ohio

Bruck Hartman Environmental (98)

Buschman (499)

Design Construction Services (187)

FUNacho (97)

J.B. Dollar Stretcher Magazine (498)

Joe Koch Construction (462)

Link Marketing and Data Services (177)

Main Street Muffins (285)

Maval Manufacturing (234)

MFI Investments (271)

On Target Media (23)

Sherwood Promotions (425)

Space & Asset Management (48)

Superior Pharmaceutical (172)

Talan Products (258)

Univenture (170)

Whitacre Trucking (265)

South Dakota

Gateway 2000 (6)

GeoTek Engineering & Testing Services (151)

Wisconsin

American Medical Security (21)

Canvasbacks (386)

Docu-Net (456)

Dunsirn Industries (352)

ESE (371)

Friendship Manor Homes (45)

Micro Information Services (393)

Ralph Marlin & Co. (142)

Systems & Programming Solutions (467)

Northeast

Connecticut

Connecticut Courier (104)

Flying Colors Painting (419)

Land Tech Remedial (96)

M.D. Enterprises of Connecticut (113)

Promo Magazine (476)

Maine

Wright Express (310)

Massachusetts

Account Pros (328)

CenterLine Software (27)

ColorAge (438)

Environmental Health & Engineering (274)

FASTech Integration (22)

Fiber Spar & Tube (40)

FTP Software (242)

Geerlings & Wade (161)

Gensym (436)

MacTemps (132)

MediaMap (251)

Motherwear (194)

Phoenix Controls (349)

Ransom Environmental Consultants (359)

Registry (295)

Replica (240)

Roll Systems (47)

Saloom Furniture (488)

Spectrum Associates (49)

State-Line Graphics (472)

United Industrial Temporaries (226)

Waltham Technologies (105)

New Hampshire

CompuSense (214)

ControlAir (199)

Renaissance Design (176)

New Jersey

Advantage KBS (119)

Anadigics (203)

Audio Visual Associates (445)

Beechwood Data Systems (317)

Bizware (316)

Cadapult Graphic Systems (291)

Diamond Flower (Northeast) (123)

Flash Creative Management (420)

Galaxy Scientific (5)

Groundwater & Environmental Services (422)

Imedia (296)

Impact Telemarketing (366)

Main Tape (279)

MDY Advanced Technologies (150)

Munidex (417)

Princeton Executive & Management Associates (46)

Results Marketing Services (368)

Roelynn Business Products (253)

R&R Recreation Products (339)

New York

Boston Prepatory (57)

CD Plus (30)

Compusist (166)

Corporate Health Dimensions (461)

Cowboy Brothers Trading (337)

Digital Network Associates (217)

Executive Mortgage (202)

Factura Composites (182)

Fortitech (145)

Fusion Systems Group (88)

Han Corp. (9)

Health-Tech Systems (94)

Jayline International (401)

Kirshenbaum & Bond (358)

Maier Group (74)

Metro Services Group (121)

Microbiz (99)

OCS Group (290)

SIGS Publications Group (66)

Summit Marketing Group (63)

Support Services Alliance (205)

Trigen Energy (439)

U.S. Computer Maintenance (353)

Venntronix (252)

Yield Techniglobal (195)

Pennsylvania

Astea International (311)

Brown's Super Stores (168)

Center for Applied Psychology (406)

Communifax (219)

Fidelity Technologies (11)

Gap International (469)

Gardner/Fox Associates (250)

Great Valley Products (155)

Gurney-Kerr Contractors (395)

Home HealthCare Resources (254)

Jelyn & Co. (20)

Lam-Tech Industries (193)

LAN Co. (322)

Mastech Systems (146)

Medscribe (244)

RedZone Robotics (430)

Restek (454)

Universal Imaging (287)

Vector Business Systems (208)

Rhode Island

Federal Investment (449)

Retail Store Systems (474)

Vermont

Vermont Teddy Bear (58)

South

Alabama

Adtran (416)

Fisher Industrial Services (377)

Quantum Research International (351)

Three Springs (388)

Arkansas

Brewer Personnel Services (230)

Delaware

Small Systems Management (185)

SWFTE International Ltd. (482)

District of Columbia

Bruce Co. (340)

Florida

AAMP of America (346)

AJT & Associates (71)

Charles J. Givens Organization (206)

Child Works (428)

DAZSER & DAZSER/M.D. (379)

ExecuTrain of Florida (408)

Family Health Plan (221)

Florida Infusion (136)

Florida Island Foods (345)

Groundwater Protection (411)

GTO (120)

Hub City Florida Terminals (280)

Ident-a-Kid Services of America (392)

Implant Innovations (39)

Information Management Alternatives (332)

Intermarket (447)

Labor World of America (19)

LBS Capital Management (167)

Lens Express (277)

Levenger (8)

Master Translating Services (432)

Medical Equipment Repair Services (198)

Meridian Associates (247)

Micro Design International (15)

Rockwell Construction (437)

Skynet Worldwide Courier Group (60)

Spray-Tech (495)

Sprint Temporary Services (188)

Staff Leasing (302)

Systems Consulting Group (225)

Tampa Bay Vending (334)

Travelpro Luggage (12)

Unipower (284)

U.S. Computer (264)

Waldec Group (162)

Georgia

Advanced Systems Technology (32)

All Green (348)

American Insurance Management Group (400)

American Megatrends (433)

Automated Systems Design (82)

DCT Systems Group (292)

Guarantee Insurance Resources (404)

J&M Laboratories (130)

Logmatics (466)

Marketplace Promotions (458)

Southern Financial Network (330)

Superior Orthopedic Supplies (489)

Tag Express (59)

Univest Financial Group (189)

Kentucky

Creative Alliance (110)

Tova Industries (300)

Louisiana

Combined Resource Technology (190)

Maryland

Abacus Technology (389)

Apex Environmental (141)

CMG Health (191)

Decision Systems Technologies (50)

Digicon (37)

Fastrak Training (335)

Futron (116)

HTS Environmental Group (85)

Information Systems & Services (79)

ISYX LAN Systems (260)

Maryland Screen Printers (268)

RDA Consultants Ltd. (178)

ROW Sciences (282)

RWD Technologies (91)

Trandes (65)

Value Added Distribution (76)

Mississippi

Gail Pittman (382)

North Carolina

Alphatronix (160)

Applied Computer Technologies (297)

Atlantic Network Systems (148)

Knowledge Systems (354)

Mortgage Choice (245)

Noble Oil Services (307)

Q&E Software (157)

Quintiles Transnational (387)

Sound Choice Accompaniment Tracks (276)

Source Technologies (426)

Oklahoma

Contract Manufacturer (89)

CytoDiagnostics (320)

EDECO (423)

Teubner & Associates (415)

Ward Petroleum (62)

Puerto Rico

Advanced Cellular Systems (323)

South Carolina

Computer Professionals (158)

Patton General Contracting (333)

U.S. Personnel (213)

Tennessee

Corporate Child Care Service (112)

DRE Environmental Services (124)

Fencemaster (492)

Focus Healthcare Management (186)

PAI (286)

PMT Services (294)

Securities Service Network (397)

Tomkats (237)

Texas

ACS Dataline (500)

American Fastsigns (313)

AnTel (269)

Bergaila & Associates (56)

Collins/Reisenbichler Architects (249)

Daydots Label (207)

DCS Software & Consulting (365)

Digital Print (255)

Di-Mark Group (229)

D&K Enterprises (133)

Drypers (1)

Forum Financial Group (68)

Govind & Associates (325)

HCFS (243)

Hernandez Engineering (424)

Item Products (331)

JRL Systems (278)

Jungle Jim's Playlands (309)

Looney & Co. (86)

Merritt, Hawkins & Associates (485)

MJD Investments (173)

Mustang Engineering (270)

Mytech (324)

Operator Service (77)

Pest Control Technologies (350)

Print Mailers (391)

Saber Software (26)

Sai Software Consultants (452)

Sterling Information Group (463)

Triton Marine Construction (429)

Waste Reduction Systems (83)

Watsonrise Business Systems (321)

Virginia

Advanced Engineering & Research Associates (184)

Anstec (36)

Antique Gallery (329)

Binary Arts (261)

Cedar Cliff Systems (53)

Comprehensive Technologies International (362)

Eastern Group (473)

Environmental Restoration (84)

FaxLand (111)

General Scientific (61)

Global Mail Ltd. (399)

HazWaste Industries (154)

H.J. Ford Associates (114)

Kestrel Associates (152)

Landmark Services (453)

McArthur/Glen Group (44)

Metters Industries (494)

MVM (73)

Nationwide Remittance Centers (29)

Payroll 1 Mid-Atlantic (451)

Pet Ventures (228)

Ryan-McGinn (497)

SETA (38)

Sherikon (396)

Success Stories (137)

Sunrise Terrace (412)

Systems Engineering & Management Associates (181)

Technautics (212)

Technical Management Services (315)

Telecommunication Systems Management (69)

TERA Systems (383)

User Technology Associates (209)

Vail Research & Technology (55)

Whitlock Group (107)

Williamsburg Winery (171)

West Virginia

Touchstone Research Laboratory (238)

West

Alaska

Marsch Enterprises (314)

Trapper's Creek (318)

Arizona

Audio Visual Concepts (480)

Aztech Controls (421)

Insight Distribution Network (80)

Mastersoft (394)

MediServe Information Systems (289)

Monterey Homes (326)

POS Systems (491)

Spray Systems Environmental (143)

Sunland Computer Services (175)

Tri-Star Computer (210)

Vanguard Automation (305)

California

Adnet (54)

American Telegram (483)

Aroma Vera (272)

Atkinson-Baker & Associates (434)

Automation Group (192)

Balboa Capital (67)

Barclays Law Publishers (256)

California Investment Trust Fund Group (414)

Canfield & Associates (204)

Carrio Cabling (174)

Cavanaugh Enterprises (275)

CD Technology (51)

Collectech Systems (129)

Communique Telecommunications (180)

Coverall Cleaning Concepts (306)

Culver Temporary Workforce (235)

Daryan International (246)

DataLOK (355)

Deckers (106)

DeMar Plumbing, Heating & Air-conditioning (465)

Diamond Computer Systems (17)

Digidesign (236)

Elite Computers & Software (35)

Enter Software (338)

E. Petrich & Associates (273)

Executive Business Services (342)

Fanamation (493)

FWB (109)

Grant Communications (361)

Gym Masters (216)

Hi-Tech Hose (239)

HTI Bio-Services (481)

IMC Networks (220)

Indus Group (3)

International Computer Graphics (496)

Keypoint Technology (356)

Kingston Technology (118)

KnowledgePoint (364)

Kofax Image Products (450)

Label Technology (459)

Lai, Venuti & Lai (267)

Level One Communications (7)

LJL Biosystems (41)

Lokring (14)

Ma Laboratories (28)

Maximum Strategy (197)

MDM Engineering (487)

MTI (486)

Peach Industries (134)

Peripheral Land (370)

Pete's Brewing (33)

Practice Management Information (43)

Premiere Merchandising (211)

Property Sciences Group (201)

RADMAN (115)

Recom Technologies (443)

Red Rose Collection (224)

SalesTalk (360)

Sharon's Finest (281)

Sherpa (308)

SMTEK (87)

Softub (100)

Sonic Solutions (149)

State of the Art Computing (380)

Travel Store (312)

Tycom Limited Partnership (457)

Working Assets Funding Service (471)

Colorado

Applied Computer Technology (427)

AVT (288)

BankTemps (446)

Cherry Creek Mortgage (402)

Compatible Systems (442)

EnecoTech Group (484)

James P. Walsh & Associates (117)

J.D. Edwards & Co. (475)

National Register (441)

Rocky Mountain Motorworks (262)

Starpak (127)

Telephone Express (363)

Village Homes of Colorado (464)

Wild Oats Markets (477)

Idaho

Business Psychology Associates (385)

B&V Technology (52)

Coldwater Creek (183)

Melaleuca (138)

Wastren (34)

New Mexico

Computer One (374)

Our Secret (103)

Proteus (384)

Oregon

Ethix (373)

Integrated Services (25)

Maritime Services (375)

RadiSys (90)

Technapack (301)

Utah

Enrich International (444)

Quality Composites (403)

System Connection (431)

Teltrust (169)

Union Pointe Construction (319)

Washington

Abide International (266)

Abundant Life Childcare Centers (196)

Active Voice (163)

All Americas (418)

Buckeye Beans & Herbs (405)

Compliance Services International (156)

Financial Maintenance (435)

Greetings Trend Shops (478)

High Tide (222)

International Pacific (78)

Northwest Envirocon (283)

Personal Workstations (470)

Right Byte Computers (327)

StatSci (125)

Wasser Industries (479)

WinterBrook Beverage Group (460)

Wyoming

Taggart Ltd. (367)

Last updated: Oct 1, 1993




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