NEW YORK, Aug. 27 /PRNewswire/ -- Inc. magazine today ranked Alpha Card Services No. 1328 for the fourth consecutive time on its annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America's independent-minded entrepreneurs. Music website Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer, maker of the iconic children's red wagon, are among the prominent brands featured on this year's list.
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"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."
"Recognition in the Inc. 500 validates the hard work of the entire Alpha Card Services team and the value we bring to customers," said Alpha Card Services, Inc CEO Lazaros Kalemis. "Alpha Card Services dedication to outstanding service namely our zero que hold times and outstanding quality assurance department really have helped keep attrition of both merchants and sales reps to a minimum."
Founded in 2000, Alpha Card Services , Inc. is a payment and transaction processor serving businesses nationwide. Alpha Card Services currently handles the merchant accounts for over 15,000 merchant locations and processing in excess of 2 billion dollars annually.
The 2010 Inc. 5000, unveiled today on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. The Government Services sector showed the biggest gain in terms of the number of companies on the list, up 33 percent from last year to 335 companies. Government Services was also the second-fastest-growing sector in terms of median revenue growth, posting a 202 percent gain over the 2006-2009 measuring period. More than half of these companies are based in Maryland, Virginia, and Washington, D.C. The fastest-growing sector by median revenue growth was Real Estate, now just a tiny group of 38 young, small companies, which showed 231 percent median growth over the period. (There were 121 Real Estate firms on the inaugural Inc. 5000 in 2007.) Business Products & Services is the top industry by number of companies on the list (640) and total revenue ($80.7 billion), while Health is the biggest by total employment (287,726 jobs).
Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent. This year's Inc. 5000 employ a record 1.4 million people, up from one million on last year's list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
About Alpha Card Services, Inc.
Alpha Card Services, Inc., was founded in 2000 as an agent and merchant friendly ISO. Through the years the company has expanded its operation to a 10,000 square foot state of the art facility, maintained zero hold times and increased its products to not only include credit and debit card processing, gift and loyalty cards, check guarantee services, but also merchant cash advances and ATM services. Headquartered in Huntingdon Valley, PA our company provides payment processing services for Visa, MasterCard, Discover, American Express, Diners Club, JCB, ATM, debit cards, EBT state and government cards, Electronic Check Conversion Company through AlphaCheck, a customizable gift/ loyalty card program, and ATM machines through AlphaATM.
About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars—the privately held small businesses that drive our economy. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on www.inc.com/5000.
SOURCE Alpha Card Services
For further information: Lazaros Kalemis, 1-866-253-2227, ext. 13, lkalemis@alphacardservices.com
