CornerStone Telephone Company Ranks No. 736 on the 2007 Inc. 5,000
From: Smith & JonesBy:
08/22/07
NEW YORK, August 23, 2007 – Inc. today ranked CornerStone Telephone Company No. 736 on its first-ever Inc. 5,000 list of the fastest-growing private companies in the country. The Inc. 5,000, an extension of Inc. magazine’s annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy.
“The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy – the entrepreneurial part,” said Inc. 5,000 Project Manager Jim Melloan. “The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like Manufacturing and Construction that are underreported in the business media.
“We are proud to have made it on the first Inc. 5,000 list, “ said Dan Yamin, co-founder and CEO of CornerStone Telephone Company. “Our goal was to make it to the top 1,000, which we exceeded and we hope our growth in 2007 will place us further up on the list in 2008.”
CornerStone was listed as the third fastest telecommunications company in New York State and the 34th largest in the US.
In addition to its headquarters in Troy, N.Y., CornerStone has offices located in Poughkeepsie, Syracuse, New York City, Nyack, Oneonta and Amsterdam. Don Walsh and Dan Yamin founded the company in 2001, and today the company employs over 115 people in its seven locations.
The 2007 Inc. 5,000, as revealed online at www.inc.com, reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on this year’s Inc. 5,000, can be found at www.inc.com/inc5000. The list features a profile for each company, almost all of them written as a result of Inc. interviews with management.
About CornerStone: CornerStone Telephone Company is a facility based integrated communications provider specializing in services for business customers. The company provides its customers with the highest level of customer support while offering competitive rates and products. CornerStone has over 45,000 access lines, providing local and long distance telephone service and high-speed Internet access.
The company services customers in New York, Massachusetts and Pennsylvania. Established in 2001, CornerStone has over 115 employees and 8,000 customers. The company is headquartered in Troy, N.Y. with offices in Poughkeepsie, Syracuse, New York City, Nyack, Oneonta and Amsterdam. For more information, visit www.cornerstonetelephone.com.