Magnum Print Solutions Ranks Number 25 on the 100 Fastest-Growing Private Companies List Released by Puget Sound Business Journal
2009 Companies Honored and Rankings Announced
SEATTLE, WA – Oct. 15, 2009 – Puget Sound Business Journal announced that Magnum Print Solutions ranked number 25 on the 100 Fastest-Growing Private Companies list at an awards event at Meydenbauer Center on Oct. 13. The event, which drew nearly 500 people, announced and honored all 100 companies on the list and revealed each company’s ranking. The 100 Fastest-Growing Private Companies are listed, with select companies profiled, in a special publication of the Business Journal on Oct. 15.
The Fastest-Growing Private Companies program was launched 16 years ago by the Puget Sound Business Journal to identify and recognize companies speeding to the top of their industries. To be eligible, companies must: be privately held and headquartered in Washington; have at least $500,000 in net revenue in 2007; show an overall growth from 2007 to 2009 fiscal years; and agree to have their CPA confirm their net operating revenues with Puget Sound Business Journal.
"The companies that make this list are, by definition, among the most dynamic in our region," said Business Journal Publisher Emory Thomas Jr. "Especially this year, they have beaten the odds imposed by the Great Recession, making membership on this elite list all the more impressive. These companies are showing all of us what qualities it takes to grow in challenging times."
“We consider our exceptional and compelling value proposition is even more attractive during these trying economic times. Magnum offers a mixture of products and services that can not be matched by any other company in the industry,” said Stephen Seavecki, President of Magnum Print Solutions.
Magnum Print Solutions recorded a 44% rate of growth for the period evaluated by the Business Journal. A large percentage of this growth can be directly attributed to customers switching from expensive OEM toner to Magnum brand toner that is manufactured in Seattle, Washington. Customers are saving 25-30% on their toner spending, while experiencing the same quality of OEM toner.
Another area contributing to Magnum’s growth is in the sale and on-site service of office equipment such as copiers, printers, scanners and faxes. The fact that Magnum can be a single source for the sale and service of any brand is a huge benefit to customers that have legacy equipment from multiple manufacturers.
The 100 Fastest-Growing Private Companies program is presented by the Puget Sound Business Journal and sponsored by Chase, Lane Powell, Robert Half International, and Sound Mental Health.
About Magnum Print Solutions
Magnum Print Solutions is focused on providing the highest quality supplies and on-service for office equipment. With Magnum’s unmatched value proposition, Magnum customers save an average of 30% on their spend, while reducing their carbon footprint by 70%. To calculate your potential carbon footprint reduction, visit Magnum’s carbon calculator at www.magnumlaser.com. Magnum sells toner (OEM and Magnum brand), office supplies, IT supplies and furniture. In addition, Magnum sells (new and refurbished) and provides on-site service of office equipment such as printers, copiers, scanners and faxes from any manufacturer. Magnum Print Solutions can be reached at (206) 624-7715, (800) 598-0097 or www.magnumlaser.com.
Puget Sound Business Journal is the region's premier source of business information, serving an unparalleled audience of business and community leaders. In addition to the weekly newspaper, the Business Journal provides daily updates via its web site and email alerts. The company also plays a vital role in bringing the area's leadership community together by hosting a wide variety of events throughout the year, from the Women of Influence awards event to the Washington’s Best Workplaces event at Safeco Field. Puget Sound Business Journal is a unit of American City Business Journals, which operates 40 local business newspapers throughout the United States. Visit Puget Sound Business Journal on the web at www.pugetsoundbusinessjournal.com.