Image Solutions, Inc. | Press Releases

Image Solutions, Inc. Receives Sixth Technology Fast 50 Award for Sustained High Revenue Growth Over Past 5 Years

Whippany, NJ (August 28, 2006) - Image Solutions, Inc., (ISI) a global technology company and leader in providing software solutions and services for electronic regulatory submissions and clinical trials management, announced today that they have been awarded their sixth Deloitte & Touche LLP’s New Jersey Technology Fast 50 Award for 2006. The award is given to companies in NJ that demonstrate phenomenal revenue growth during the period 2001-2006, and show strength, vision and temerity to succeed in today’s very competitive technology environment.

Paul Mlynarski, a partner with Deloitte Tax LLP and chairperson of Deloitte’s New Jersey Technology Fast 50 stated that, “Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Image Solutions, Inc. for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Image Solutions, Inc. and their CEO Jinsoo Kim as a Deloitte Technology Fast 50 winner”.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.

Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

Image Solutions, Inc. is considered a pioneer in developing technology solutions for Pharmaceutical and Biotechnology companies worldwide, and has attributed their sustained revenue growth to increasing demand in this market for electronic document systems that can provide greater efficiency, increase collaboration, speed time-to-market and reduce inefficiencies typically associated with handling and storing paper documents.

ISI’s CFO/ VP of Finance, Peter Kim stated that “We believe our continued revenue growth demonstrates a growing recognition by the worldwide pharmaceutical and biotechnology industry that ISI is a leader, in terms of value-added technology and professional services, that help pharmaceutical sponsors reduce drug development and submission costs and bring products to market quickly.”

When asked about ISI’s future plans, Peter Kim summarized, “All of this activity further improves our already strong balance sheet, and with our 11% reinvestment in R&D again this year, ISI is expected to continue to grow our best-in-class technology approach with our existing products and services, and continue to add new products and services to our portfolio over the next year. ISI is also proud to have continued a tradition of contributing 10% of net profit each year to charitable organizations like the United Way, The Red Cross, Salvation Army, UNICEF and over 20 other charitable organizations.

About Image Solutions, Inc.

Founded in 1992, Image Solutions, Inc (ISI) is a proven market leader in providing submissions solutions, process services and consulting to Life Sciences companies as a way to improve clinical and regulatory processes that bring new medicines to market. ISI was among the first professional services firms to deliver electronic submissions to the industry and since has delivered thousands of electronic and eCTD submissions. ISI serves the top 50 pharmaceutical and biotech organizations as well as the top companies in other regulated industries.

ISI is a privately held company with headquarters in Whippany, New Jersey and operations throughout the U.S., Europe and Asia. ISI also remains committed to giving back to society and sharing its success with others by donating 10 percent of annual net profits to over 20 recognized charitable organisations. For more information, visit the company website at www.imagesolutions.com.

Image Solutions, Inc., ISIToolBox, eCTDXPress, ISIPublisher and ISIRegTracker are trademarks or registered trademarks of Image Solutions, Inc. which may be registered in the United States and internationally. Other brand names may be trademarks or registered trademarks of others.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.