NovaVision ranked in INC 5000 Listing 2011
Dateline: Sept 2011
For the third consecutive year, NovaVision, Inc -- headquartered in Bowling Green, Ohio -- was recognized by Inc. Magazine as one of the fastest growing private companies in the USA. The annual listing published by Inc. Magazine includes 5000 high-growth businesses.
Mike Messmer, General Manager at NovaVision, acknowledged the recent distinction. "During a difficult economic environment, we achieved 38% sales growth over the prior 3-year period. We attribute our success to offering quality products at affordable prices. We also have a focus on customer service and strong teamwork".
The Inc 5000 listing for 2010 is based on total sales growth for the 3-year period from 2007 to 2010. NovaVision's 38% sales growth ranked at position 3823 of the 5000 companies listed.
In the INC 5000 listing for 2008 and 2009 NovaVision had a 77% and 52% sales growth rate, respectively.
With 2010 sales of $5.4 million, NovaVision currently had 34 employees at the beginning of 2011.
Messmer added, "Our team is focused on providing excellent products, service and value to our customers. Our sales growth rate confirms our focus on customer satisfaction. We are proud to be in such a prestigious listing as the Inc 5000."
NovaVision specializes in hologram stickers, tamper evident labels, security tape and mechanical security seals, which are commonly used to combat counterfeiting and tampering. The company also distributes thermal transfer ribbons and labels through Thermal Images, which is a wholly-owned division of the company.
NovaVision conducts business globally and has over 4000 active customers each year. Major customer groups include governments (USA federal, state, county, municipal and international), large international companies, retailers, and collectible companies. In addition, NovaVision provides products to brand owners, ski resorts, pharmaceutical/drug companies, hospitals, banks, trucking/logistic companies, and over 1000 other small businesses.
Looking to the future, Messmer added, "Despite the lingering economic concerns, we are cautiously optimistic about our future. Expanding and diversifying our product line has helped fuel our growth, and we have more new products in development. Also, in June 2011 we completed an acquisition of a former competitor who makes security tapes and security labels, which will provide added growth through 2012."
The Inc 5000 listing is sponsored by Inc. Magazine, which is considered an industry resource for entrepreneurial companies. To see the full listing for the 5000 fastest-growing private businesses in the USA, see www.inc.com.
More information about NovaVision and their products can be found on their website: www.novavisioninc.com.
