Masstech Group Ranked in the Top 50 Fastest Growing Technology Companies in Canada in the Deloitte Technology Fast 50

September 29, 2008

Source: Masstech Group

Masstech Group has been ranked among the Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Canada. This is based on the percentage of revenue growth over the last five years, Masstech Group has increased by 298 percent from 2003 to 2007.

"Transforming technological innovation into business success is hard, and it's especially difficult to sustain such rapid revenue growth over five years. Masstech Group has rapidly built a highly successful company in the Canadian technology industry and we applaud its dedication and
ability to transform vision into reality," said John Ruffolo, national leader, technology, media & telecommunications industry group, Deloitte.

"We consider it a great honor to be named on the Deloitte Technology Fast 50 list as a company demonstrating rapid growth in the Canadian business market," commented Sudy Shen, president and chief executive officer. "Our continued growth demonstrates the demand for our technology in the marketplace. I also credit the talented team at Masstech Group for our overwhelming success."

Prerequisites for a company to qualify for the Deloitte Technology Fast 50 ranking includes: 1) In business for at least five years, 2) Revenues of at least $5 million, 3) Canadian headquarters, 4) Owns proprietary technology, and 5) Conducts research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

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