BUFFALO, N.Y. -- Nov 2, 2009 -- CTG (Nasdaq: CTGX), an
international information technology (IT) staffing and solutions
company, announced today that it was named to
the Forbesannual ranking of America's 200 best small
companies. CTG ranked #131 on the list. The America's 200 Best
Small Companies of 2009 list appears in the November 2, 2009, issue
of Forbes, America's leading biweekly business
magazine.
Forbes began ranking small companies in 1996. To
qualify for consideration, candidates must have annual revenue
between $5 million and $750 million, be publicly traded for at
least a year, and have a stock price no lower than $5. Rankings are
based on earnings growth, sales growth, and return on equity in the
past 12 months and over five years. Forbes also
compared a company's stock performance with that of its industry
peers.
"CTG is pleased to be recognized by Forbes as one
of the 200 best small companies in America," said James R. Boldt,
CTG Chairman and Chief Executive Officer. "Our strategy of focusing
on higher growth vertical markets, particularly the major sectors
of the healthcare market -- providers, payers, and life sciences
companies -- has proven to be very successful. In 2008, CTG's
four-year compound annual growth rate for revenue was 11%, more
than double the rate of the technology services market. Our
compound annual growth rate in earnings per share from 2005 to 2008
was 52%, well above the IT industry."
Mr. Boldt concluded, "While our business has been affected in
2009 by the global recession, our strong financial position and
cash flow, disciplined cost control, and strength in healthcare IT
positions CTG very favorably for the future. Our significant
experience in electronic medical records (EMR) implementations is
helping us to capitalize on the growing demand for EMR support. CTG
is also at the forefront of developing medical informatics
solutions with new offerings designed to improve patient outcomes
while lowering costs, enhance group healthcare insurance
underwriting, and detect medical fraud, waste, and abuse."
About CTG
Backed by over 40 years' experience, CTG provides IT solutions
and services to help our clients use technology as a competitive
advantage to excel in their markets. CTG combines in-depth
understanding of our clients' businesses with a full range of
integrated offerings, best practices, and proprietary methodologies
supported by an ISO 9001-certified management system. Our IT
professionals based in an international network of offices in North
America and Europe have a proven track record of delivering
high-value, industry-specific solutions. CTG serves companies in
several industries and is a leading provider of IT and business
consulting solutions to the healthcare market. CTG posts news and
other important information on the Web at www.ctg.com.
Safe Harbor Statement
This document contains certain forward-looking statements
concerning the Company's current expectations as to future growth.
These statements are based upon a review of industry reports,
current business conditions in the areas where the Company does
business, the availability of qualified professional staff, the
demand for the Company's services, and other factors that involve
risk and uncertainty. As such, actual results may differ materially
in response to a change in such factors. Such forward-looking
statements should be read in conjunction with the Company's
disclosures set forth in the Company's 2008 Form 10-K, which is
incorporated by reference. The Company assumes no obligation to
update the forward-looking information contained in this
release.