HOUSTON - ATM owner/operator Cardtronics has been named one of America's fastest growing privately-owned companies by Inc. magazine for the third year in a row.
Cardtronics is ranked in the 82nd spot on the 23rd annual Inc. 500 list, which ranks the nation's leading entrepreneurial firms according to sales growth during the previous five years. Cardtronics achieved a strong 1,742 percent growth from $3.7 million in net sales in 1998 to $68.8 million in 2002.
As of August 2003, Cardtronics had already exceeded last year's total sales and anticipates another year of strong growth, according to a news release.
The recognition was "a testament to the hard work and determination of our entire Cardtronics team" and "a reflection of the loyalty of our portfolio of quality clients and partners, which has continued to grow," said Jack Antonini, president and chief executive of Cardtronics, in the release.
To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.
