Inc. Magazine Reveals America's 500 Fastest-Growing
Applied Global Technologies makes the list for the second consecutive year


NEW YORK, N.Y., October 27, 2005 - Inc. magazine released its 24th annual Inc. 500 ranking of the fastest-growing private companies in the country. Applied Global Technologies, proven experts in IP collaboration technologies and solutions, ranks in the top 500 for the second consecutive year. The Inc. 500 can be found in the November issue, which appears on newsstands November 1.

Applied Global Technologies (AGT) offers smart technology-driven solutions that create organizational value in the area of conferencing and collaboration services. Through the use of video, audio and web technologies, AGT utilizes its proven expertise to transition customers from ISDN to IP video, manage video and A/V resources and create new conferencing products and services that drive organizational ROI. Now in its 13th year of operation, AGT provides solutions to the Fortune 1000 as well as Federal, State and Local government. The company recently introduced an Emergency Communication package for First Responders.

"Our success again this year is a result of our innovation of video communication smart tools that dramatically increase ease-of-use and reliability for our customers," stated Mike Valletutti, Chairman and Chief Executive Officer, Applied Global Technologies. "We have proven our expertise in IP video collaboration and have extended it to web applications and beyond. Our solutions are making our customers more productive and, as a result, more profitable. We appreciate this latest honor from Inc. Magazine."

The companies that made this list represent the vanguard of American industry, posting an average three-year sales growth of 769%. Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84% of them were profitable. Most importantly, Inc. 500 companies were engines of job growth, having created more than 95,000 jobs since the companies were founded.

The Inc. 500 list generated 25,180 new jobs in the past year alone, a stunning 35% year-over-year increase. Compare this with the total number of employees among Fortune 500 companies, which declined in 2001, 2002, and 2003 before experiencing a 1.3% uptick of 306,045 jobs in 2004.

"When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy," said Jim Melloan, project manager for the Inc. 500. "With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it's the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges."

The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino's Pizza all appearing on the list before they became industry powerhouses.

Hottest Regions

California is the state with the most Inc. 500 companies-77, up from 67 last year. Virginia is second, with 34 companies on the list, followed by Florida (33), Texas (32), and Massachusetts (26). Virginia has the highest number of Inc. 500 companies per capita, with 4.5 per million residents, followed by Massachusetts (4) and Utah (3.7).

Methodology

To be eligible for this year's Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2004, and have had at least $500,000 in net sales in the base year of 2001. In addition, their 2004 sales had to exceed 2003 sales. Companies are ranked on cumulative three-year sales growth from 2001 to 2004. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.


About Applied Global Technologies®

Applied Global Technologies® offers its customers proven expertise in IP collaboration with the mission to transform companies from buyers of technology into users of technology. As a dedicated collaboration managed service provider, AGT takes the enterprise vision of fully integrated IP networks and applies it as an effective, ROI-centered solution for today's progressive and agile businesses.

AGT also offers ON DEMAND video conferencing, presentation, recording and streaming services featuring VIDEO PRESENTER^TM and VIDEO EVENTS^TM. Supplemental solutions include engineering and A/V integration, IP video migration and analysis using FATHOM^TM, and billing and utilization management software with NEXUS c/R^TM.

In addition to its work in the commercial marketplace, the eleven-year old private corporation provides conferencing solutions to the Pentagon, branches of the US Military and civilian agencies, as well as numerous federal and state government facilities. The Company's continued advancement in communications is being felt around the world. The company is listed among the fastest growing private companies in America (Inc 500).

AGT partners with those companies that bring value to its customers. Applied Global's current partners include: Anteon, AT Alliance, EDS, Glowpoint, Infonet, MiCTA, Polycom, Radvision, SAIC, Sprint, Global Crossing, VCON, and BellSouth.

Applied Global Technologies' international headquarters is located in Rockledge, FL with field support offices in Atlanta, Dallas, Honolulu, Okinawa, Ottawa, Phoenix, Seattle, San Diego, Virginia Beach, and Washington, DC.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.