NovaVision ranked in INC 5000 Listing 2012
Dateline: Aug 28, 2012
For the fourth 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. "Despite the lingering economic concerns, we achieved 70% sales growth over the prior 3-year period. Our sales growth was fueled primarily by growth in our new products. In addition, our acquisition of a former competitor in June of 2011 also contributed to last year's sales growth."
The Inc 5000 listing for 2012 is based on total sales growth for the 3-year period from 2008 to 2011. NovaVision's 70% sales growth ranked at position 3053 of the 5000 companies listed.
With 2011 sales of $7.6 million, NovaVision had 45 employees at the beginning of 2012.
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 and honored to be in such a prestigious listing as the Inc 5000 again this year. And we are blessed to have made the listing for 4 consecutive years."
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, "We are cautiously optimistic about our future. We are still integrating the customers and products from our recent acquisition. And we have more new products in development. Both factors will provide added future growth."
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.