PORT RICHEY, Fla., Sept. 13 /PRNewswire/ -- Last week, Geo-Logical, Inc. was ranked No. 2506 on Inc. magazine's fourth 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. Geo-Logical ranks among companies like music website Pandora and convenience store chain 7-Eleven.
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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."
Geo-Logical, based in Port Richey, Florida, specializes in sinkhole remediation for homeowners and contractors. Founded in 2005, this is the second consecutive year the company has made the Inc. 5000 list.
"We are deeply honored that our company's success was recognized for the second time on such a prestigious list," said Chad Dudeck, President of Geo-Logical and finalist for the 2010 Ernst and Young Entrepreneur of the Year Award in the "Emerging Business" category. "We were very blessed with our continued revenue growth this year. We are also fortunate to have such a quality team of people and look forward to much future success, regardless of the economy."
Geo-Logical, which ranks No. 84 on the list in its industry category and posted a three-year sales growth of 96 percent, addresses a common problem in the Sunshine State. With much of the state focused on precious water resources from underground aquifers, sinkholes represent an environmental woe for Florida homeowners.
"Our company offers innovative solutions to homeowners who are under heavy stress from sinkhole related issues," said Dan Stewart, Dudeck's business partner. "Geo-Logical extends a helping hand to people in tough situations, and aside from treating the sinkhole, we take great care to leave the property exactly the way we found it – as if we were never there."
The 2010 Inc. 5000 serves as a unique illustration of the profound changes taking place in the U.S. economy. 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.
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.
About Geo-Logical
Founded in 2005, Geo-Logical, Inc. is a Florida Corporation providing professional sinkhole remediation and foundation repair services. Geo-Logical, Inc. is wholly owned and operated by Dan Stewart and Chad Dudeck, who have successfully completed hundreds of sinkhole projects throughout Florida. For more information visit, www.Geo-Logical.com or email Julie Heidelberg at Julie@HeidelbergPR.com.
SOURCE Geo-Logical, Inc.
