Probe Manufacturing Recognized by the Orange County Business Journal as 9thFastest Growing Public Company in Orange County, CA
IRVINE, Calif.--(BUSINESS WIRE)-- Probe Manufacturing, Inc., (OTC QB : PMFI), a global electronics design & manufacturing services company, ranked 9th in the Orange County Business Journal's 2012 Fastest-Growing Public Companies list. Rankings are based on percentage revenue growth for the 12-month period ended June 30, 2012 as compared with the 12-month period ended June 30, 2010. Probe grew 157% during this period.
Kam Mahdi, Chairman and CEO, said, "We are honored and excited to have been recognized by the Orange County Business Journal for our robust growth over the past two years, which ultimately ranked Probe as the 9th fastest growing company in Orange County. It is a true testament to the hard work of our innovative management team and reflects the positive impact of the strategic business initiatives we have implemented to increase revenue and drive shareholder value. We have clear vision to establish Probe as one of the preeminent electronic manufacturers based in the U.S. Our ranking places us amongst the top 69 fastest growing public companies in Orange County, where we were vetted against such seasoned fortune 500 companies as Broadcom and Newport Corporation."
Each year, the Orange County Business Journal provides a ranking of the fastest growing Orange County-based companies that trade on U.S. stock exchanges. Rankings for 2012 were determined based on the percentage of trailing 12-month revenue growth from June 30, 2010, to June 30, 2012. Companies must have recorded sales of at least $300,000 for the 12 months ended June 30, 2010. Furthermore, sales for the 12 months ended June 30, 2012, must represent at least 13% revenue growth as compared with the two-year prior period. Based on these criteria, 69 companies were included on the 2012 Fastest-Growing Public Companies list. The Orange County Business Journal compiled the financial data with the help of Los Angeles-based investment bank B. Riley & Co., along with regulatory filings and other sources.
About Probe Manufacturing, Inc.
Probe Manufacturing is a global electronics design & manufacturing services company providing innovators with business services through our factory in California as well as factories Worldwide. Headquartered in Irvine, California, Probe has been serving industrial, instrumentation, medical, aerospace, defense, and automotive industries since 1994. Probe's common stock is traded on the OTC Market QB under the symbol PMFI. Further information is available on Probe's website: www.probeglobal.com.
This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) with respect to whether Probe's can maintain its revenue and earnings growth experienced from June 30, 2010 until June 30, 2012; whether the company's operating model will continue to drive revenue growth and whether the business initiatives set in place will benefit the company in the long-term. .Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: uncertainties relating to changes in general economic and market conditions; uncertainties regarding changes in the EMS industry; the uncertainties relating to the implementation of our global business strategy; and other risk factors as outlined in the company's periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
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