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FOR IMMEDIATE RELEASE: August 23, 2006
CONTACT:
LightWedge, LLC
PO Box 396
Nantucket, MA 02554
T: 508-228-9334 ext. 102
F: 508-374-8512
E: debbie@lightwedge.com
LightWedge Named to Inc. 500 List of Fastest-Growing Companies
With three-year sales growth of 305%, LightWedge has been recognized by Inc. Magazine as one of the fastest-growing companies in the United States.
Nantucket, MA – August 23, 2006 – LightWedge, LLC , maker of innovative LightWedge® LED book lights, has been named to Inc. Magazine's prestigious Inc. 500 list of the fastest–growing private companies in the country. The 2006 Inc. 500 list can be found in the September issue of Inc. magazine, which appears on newsstands September 1.
"The growth of LightWedge is a direct result of our team's ability to meet consumers' craving for well–designed, stylish, useful consumer products. Serious readers love the LightWedge and our other new products, and the marketplace has rewarded us with an exceptional growth rate," says Jamey Bennett, the inventor of the LightWedge® technology and CEO of LightWedge. "We are honored to be recognized this year by Inc. Magazine."
The magic of the patented technology in the LightWedge is in the tapered, "wedge" shape of the optical–grade acrylic lens. Bright LEDs housed in the side of the product shoot light through the lens, which directs all of the light onto the page. With the introduction of its Great Point Light™ line of colorful, portable LED lighting and magnification products in early 2006, LightWedge is reaching an even broader customer base. The Great Point Light brand capitalizes on LightWedge's product design and marketing capabilities to offer an exciting new array of products.
The companies on the Inc. 500 list represent the emerging entrepreneurial stars of American business. To be eligible for this year's Inc. 500, companies had to be US–based, independent, and privately held as of December 31, 2005, and have at least $600,000 in net sales in the base year. Companies are ranked on revenue growth from 2002 through 2005. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials. Over the years, the Inc. 500 index has identified the next generation of world–class companies, with Microsoft, Oracle, E*Trade, Intuit, Gateway, Timberland, and Domino's Pizza all appearing on the list before they became industry powerhouses.
"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast–growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
About LightWedge, LLC
LightWedge, LLC designs, manufactures, and markets innovative lighting and magnification products. LightWedge products use energy–efficient LEDs and patented LightWedge technology that directs light efficiently onto the page. LightWedge products have been on the market since 2002 and include the LightWedge Original, LightWedge Paperback, LightWedge Mini, the Harry Potter LUMOS Book Light (winner of the Oppenheim Platinum Toy Portfolio award in 2005) and various accessory items. The Great Point Light™ product line, launched by LightWedge in 2006, is comprised of stylish and innovative book lights and magnifiers in a bold custom palette of colors and environmentally-friendly packaging. Several patented product designs that are exclusive to the Great Point Light include the versatile Flex–Neck Reading Light, the innovative Spike Light™, and the ReLight™ Rechargeable Book Light. Bigger & Brighter™ is an online web store launched by LightWedge in 2006. Bigger & Brighter, a one–stop–shop for lighting and magnification accessories that readers need, features LightWedge and Great Point Light products. For more information about LightWedge and Great Point Light products, please visit www.lightwedge.com and www.greatpointlight.com, and online retailer Bigger & Brighter at www.biggerandbrighter.com.
About Inc.
Inc., http://www.inc.com, the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today's innovative company builders. It provides hands–on tools and market–tested strategies for managing people, finances, sales, marketing, and technology. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting–edge coverage that reflects our readers' energy, brashness, and imagination.
Media Contact:
Debbie Bennett, VP Marketing
LightWedge
W 508-228-9334 ext. 102
M 917-209-5548
debbie@lightwedge.com
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