TORONTO, ONTARIO -- (PRWEB) -- 07/13/2009 –DAYMAK INC., a developer and distributor of alternative energy and fuel efficient vehicles, is pleased to announce that it has placed 84th overall in the 21st annual Profit 100 ranking of Canada's fastest-growing companies by PROFIT Magazine. For the period 2003-2008, Daymak’s revenue grew by 1,049%.
This year's PROFIT 100 ranking profiles the country's most successful growth companies that have seen explosive revenue growth for the period 2003-2008. The rankings are published in the June issue of PROFIT, and online at PROFIT100.com, and considered Canada's largest celebration of entrepreneurial achievement. The 2009 edition is Daymak’s first appearance on this prestigious list.
"We are thrilled to be recognized by PROFIT as one of the top growth businesses in the country," said Ms. Yeganeh Baiocchi, CEO of Daymak Inc. "Our business continues to show strong growth in the face of an economic downturn and uncertainty. The present economic conditions affecting the global marketplace have in fact created increased demand for our environmentally friendly, and cost efficient products. The past year (2008) was a record year for Daymak and the fifth in a row of year over year growth. The PROFIT 100 selection validates our efforts to build a company that is both innovative and “green”. The past five years are also a testament to the efforts and commitment of our talented management and staff.” In the coming year we look forward to the roll-out of exciting new products as well as our proprietary D-Drive ™ technology.
"The PROFIT 100 are an inspiration to entrepreneurs at all stages of growth, from start-up to major corporation," says Ian Portsmouth, editor of PROFIT. "Their business practices and product innovations are exemplary of how businesses can succeed in uncertain times."
About PROFIT Magazine: PROFIT: Your Guide to Business Success, is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5 to 250 employees and annual revenue of $1 million to $25 million, reaching 306,000 readers across Canada. Visit PROFIT online at http://www.PROFITmagazine.ca.
About Daymak Inc: Founded in 2001, Daymak Inc. is a Canadian-based company led by business entrepreneur, Ms. Yeg Baiocchi. Daymak is the proud developer of the Daymak Drive™ technology and the first wireless electric bicycle, the Shadow ebike. Daymak retails and wholesales street legal and off-road vehicles. For more information about the company, please visit www.daymakdrive.com and www.shadowebike.com. For media, please contact Tom Alavi at 416-749- 2324 or by email at firstname.lastname@example.org.