IKANO Press Releases:

IKANO Communications Named Utah’s 22nd Fastest Growing Company in Utah 100 Awards Program IKANO Achieves Five-Year Revenue Growth Rate of 1,253 Percent

Date: October 27, 2004
Release: IMMEDIATE

Salt Lake City (October 27, 2004) The Mountain West Venture Group ranked IKANO Communications the 22nd fastest growing company in the state of Utah as part of its annual Utah 100 awards program. The Mountain West Venture Group of Utah recognizes the top 100 companies who demonstrate exceptional percentage revenue growth over a five-year period.

IKANO experienced a five-year revenue growth rate of 1,253%. A five-time Utah 100 winner, IKANO attributes its success to the efforts of its employees, combined with the company’s focus on innovation.

"We continue to move forward through new product development, strategic partnerships, and by helping our customers succeed," said Henry Smith, IKANO President and CEO. "In an industry such as ours, it is simply not possible to hold steady. We must always be pushing forward and staying on the cutting edge," said Smith.

IKANO has received a total of $33.5 million in venture capital funding. During the past five years, the company expanded from 50 employees to more than 325 employees. IKANO ranked 132nd in the 2004 Inc. 500 listing of the nation’s fastest growing companies. In 2003, the Initiative for a Competitive Inner City (ICIC) and Inc. Magazine ranked IKANO Communications second in the "Inner City 100," a listing of the fastest growing companies located in America’s inner cities. In 2002, IKANO delivered a gold-medal performance as the Official Data Networking Services Supplier for the 2002 Olympic and Paralympic Winter Games.

The Utah 100 was first conceived by MountainWest Venture Group in 1995 as Utah’s only business growth recognition program. This premier award identifies and recognizes Utah’s top 100 fastest growing companies and top 25 revenue growth companies each year.

The top 100 fastest growing companies in Utah were selected from more than 11,000 applicants throughout the state. They represent a cross-section of almost all industries in Utah, including information technologies, bio-medical and bio-technology, health care, retail, construction, and financial services.

About IKANO Communications, Inc.
IKANO Communications was founded over 10 years ago as a regional Internet service provider in the Intermountain West and since then has flourished to become the industry leader in private-label, wholesale, and retail Internet services. IKANO leverages its ISP platform to provide outstanding services at highly competitive prices. The company’s rapid growth and excellence in the field have resulted in IKANO's ranking in the Inc. 500, Technology Fast 500, Inner City 100, Utah 100, and Call Center of the Year.

Companies interested in learning more about IKANO should contact info@ikano.com, or call 877.492.0121.

About Mountain West Venture Group
Founded in 1983, Mountain West Venture Group is a non-profit organization that fosters business growth and capital development in Utah. The group encourages the participation of individuals and organizations interested in the establishment, funding and operation of successful business ventures. Based in Salt Lake City, the group is comprised of a broad mix of entrepreneurs, investors, venture capital providers, attorneys, bankers, accountants, consultants and educators. Visit www.mwvg.org.