Rx Networks Named To PROFIT Magazine’s PROFIT HOT 50 Emerging Growth Companies.
Vancouver, Canada – September 8, 2009. Rx Networks Inc., a mobile positioning technology company, has placed 5th in the 10th annual PROFIT HOT 50 ranking published by PROFIT magazine.
Rx Networks designs and delivers solutions to handset manufacturers and mobile service providers that dramatically improve the performance and usability of GPS and non-GPS equipped devices such as cell phones, personal navigation devices or asset tracking modules. Licensed through global semiconductor and telecom equipment vendors, the Rx Networks technology enables mobile devices to determine their position extremely fast – 10 to 20 times faster than normal GPS – and virtually anywhere around the globe. This ultimately helps service providers, for example, providers of mobile navigation, security or social networking applications, ensure the best user experience in their daily use of location-based services.
The PROFIT HOT 50 is the definitive ranking of Canada’s Emerging Growth Companies. Published in the October issue of PROFIT: Your Guide to Business Success and online at PROFITguide.com, the PROFIT HOT 50 ranks young firms by two-year revenue growth. “The PROFIT HOT 50 have achieved phenomenal growth rates despite a battered economy. Their success is a testament to their innovative approaches to satisfying the demands of the marketplace and managing their own companies,” said Ian Portsmouth, editor.
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 – 250 employees and annual revenue of $1 million to $25 million, reaching more than 300,000 readers across Canada. Visit PROFIT online at www.PROFITmagazine.ca.
About Rx Networks
Rx Networks is a private venture funded mobile positioning technology Canadian company. With its GPStream™ modular positioning technology architecture, Rx Networks enables mobile devices to determine their position extremely quickly, anywhere and anytime. Even indoors! To obtain further information about Rx Networks, please visit www.rxnetworks.ca.
- Contact Information
- Dave Cayer
- VP Marketing
- Rx Networks Inc.
- Contact via E-mail
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