NetworkIP Selected to the 2008 Inc. 5,000 With Three-Year Sales Growth of 121.9%

Longview, TX (PRWEB) August 29, 2008 -- Inc. has ranked Network Enhanced Telecom, LLC (dba NetworkIP) No. 2,937 on its annual ranking of the 5000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.

Inc. 5000 Project Manager Jim Melloan, said: "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."

NetworkIP CEO Pete Pattullo, added: "We are honored that Inc. has recognized the growth and technological innovation of NetworkIP, our subsidiary Jaduka, and the performance of our employees over the past three years. We are continuing to expand the effectiveness of our next-generation telephony platform and patented software applications. We remain committed to providing leading-class telephony and transaction services applications and services across the mobile, Internet and prepaid phone card industries."

Since 1998, NetworkIP (www.NetworkIP.net) has delivered best-in-class telephony and stored value technologies, systems, and integrated services that ensure reliability, minimize complexity, and increase profitability.

Its Jaduka (www.Jaduka.com) subsidiary enables customers to harness communications and technologies that create more effective business operations. Through its developer-friendly Web Services API, Jaduka's award-winning technology allows applications to trigger individual or group telephone calls; provide automated alerts; manage surveys and other digital files; and administer account information and transaction history for a variety of applications.

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.

Methodology

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.

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