Schiller Park IL – September 2, 2008 – Popcorn Palace, Illinois-based online purveyor of gourmet popcorn, announced today that the company has been named to the 2008 Inc. 5000 list of the fastest growing companies in North America. Popcorn Palace was among the 5000 companies recognized by Inc. magazine and Inc.com for its growth over the past three years. Popcorn Palace was ranked No. 100 on the list of food and beverage companies, and experienced a three year growth rate of 86.1 percent.
"The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth," said Inc. 5000 Project Manager, Jim Melloan.
"We’re proud to be named to the Inc. 5000 list for the second consecutive year," said Popcorn Palace founder, Tim Heitmann. "We will continue to develop new ways to delight our customers, to keep them coming back for more."
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
About Popcorn Palace
Popcorn Palace makes, sells, and ships 27 varieties of gourmet popcorn to consumer and corporate gift-givers nationwide. The popcorn, offered on the internet at www.popcornpalace.com and via mail order catalog, is made entirely by hand using small-batch processing and is drop-shipped the same day. More information is available at www.popcornpalace.com.
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.
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