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Marport Named One of Canada's Fastest-Growing Companies

Posted Wednesday, June 1, 2011

ST. JOHN'S-NL June 1, 2011 - For the second year in a row, Marport Deep Sea Technologies Inc. has been named one of Canada's Fastest-Growing Companies by PROFIT Magazine. Marport again ranked 5th on the list and was selected based on the company's 5,016% compound revenue growth since 2005.

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.

"This recognition is a testament to our determination to succeed despite fierce competition and rigorous challenges. The Marport team continues to prove that success is a result of constant innovation, focus, strategy, and total belief in what we do," says Karl Kenny, Marport's President & CEO.

"The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage," says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. "PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesspeople to learn more about the many ways they've come so far, so fast."

About Marport

Marport is a world leader in the design and development of Software Defined SonarĀ® technology and systems for commercial fisheries, underwater defence, offshore energy and ocean science. Visit Marport online at www.marport.com

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 29 years, Canadian entrepreneurs and senior managers 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 achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

For more information about this media release, please contact:

Marport Deep Sea Technologies Inc.
Glenda Leyte
Marketing Manager
+1.709.757.5757, extension 242
gleyte@marport.com