BIRMINGHAM, ALABAMA, Aug. 28, 2013 (GLOBE NEWSWIRE) -- Inc. magazine today ranked Pennant Sports, Inc. NO. 3950 on its 32nd annual Inc. 500|5000 list, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy--America's independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle and many other well-known names gained early exposure as members of the Inc. 500|5000.
Pennant Sports' success has been driven by the need to transition the business into the high end customization segment of the team dealer business. The focus has been on working with the customer, to handle outfitting the team from head to toe, at our retail showroom and test facility. Its a competitive advantage in having the ability to offer the Pennant brand along with all other major brands. The teams save alot of money at a time that budgets are tight. The turn time on orders is the fastest in the industry because of the inhouse production abilities which most competitors do not have.
"We are honored to be listed with so many other great companies who have succeeded through innovation and dedication," stated President and CEO, Robb Dern. "We have continued to grow at a steady rate over the past four years, and 2013 is shaping up as another year of revenue and profit growth thanks to our strong new customer aquisitions and strong retentions. We have a team of amazing people with a passion for what they do that translates to greater efficiency, profitability, customer satisfaction and retention."
The 2013 Inc. 500 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009, and have revenue no less than $2 million in 2012. Additionally, the companies had to be U.S.-based, privately held, for profit, and independent. Companies on the Inc. 500 represent the top tier of the Inc. 5000, and are featured in Inc. Magazine's September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/inc5000/list/2013 .
ABOUT PENNANT SPORTS, INC.
Pennant Sports, Inc. manufactures and markets branded sports equipment and apparel for team sports including baseball, softball, lacrosse, football, basketball, hockey, soccer and volleyball. The company has 5 divisions including Team Sales, Competitive Bids, Online Spirit Wear & fundraising, Retail Showroom and its E-Commerce site. The company sells to the institutional market, which consists of youth sports programs, YMCAs, park and recreational organizations, schools, colleges, churches, government agencies, athletic teams, athletic clubs, military bases and sporting goods dealers. Pennant Sports has dedicated the resources necessary to service the travel baseball, basketball and softball team business. The company carries all the top brands from Under Armour, Adidas. Rawlings, Easton, Louisville Slugger, Schutt and Nike. The company prides itself on its intellectual property Pennant Branded product. Pennant baseballs are widely accepted throughout collegiate, high schools and youth leagues around the world. Pennant is the official baseball of Dixie Boys and Majors, Dixie Softball and Dizzy Dean. Pennant takes pride in servicing their customers with the upmost service and delivering on time. Pennant Sports also embroiders embellishes apparel and logos baseballs all in-house. The company has seen consistent growth over the past 4 years and has been on INC's top 5000 fastest growing U.S. companies for 3 years straight.
ABOUT INC.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com .
ABOUT THE INC. 500|5000 CONFERENCE
Each year, Inc. and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars--the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list's alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us October 3-5, 2012, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Arizona. For more information about the 2012 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks.
Pennant Sports, Inc PHONE: 205-536-7000 5037 Highway 280, Ste 107 FAX: 205-536-7007 Birmingham, AL 35242 www.pennantsports.com
