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Zaiq Technologies Named One of the Nation's Fastest Growing Companies by Inc Magazine - Again!

WOBURN, Mass.--(BUSINESS WIRE)--Oct. 11, 2002--

Recognized Leader in Electronic Product Design and Verification Services Receives High Ranking from Inc 500 for the 2nd Straight Year

Zaiq Technologies, Inc., a leading electronic product design and verification services provider, today announced that the Company has been named to the Inc 500 for 2002. The Inc 500 is an annual ranking of the nation's 500 fastest-growing privately held U.S. companies.

Started in 1982, the Inc 500 ranks the nation's leading entrepreneurial firms according to sales growth over the previous five years. Zaiq achieved a 1,185 percent increase in growth from 1997-2001 as calculated by Inc 500 and is ranked number 175 out of the 500 companies listed by the organization.

"We are proud to be named once again to the prestigious Inc 500 list," said Bernard Gilbert, President of Zaiq Technologies. "Thanks to the collective efforts of our employees, Zaiq Technologies continues its leadership in the electronic product design services industry. I am very confident that we have the right people focusing on the right issues and that Zaiq is uniquely positioned for the future."

To make the Inc 500 list requires exceptional revenue growth. To make the list more than once is an even greater feat - for the larger you grow, the higher the revenue bar rises just to keep pace. Less than one third of this year's Inc 500 members made the list last year.

"It is especially gratifying to have made the Inc 500, again this year," said Zaiq Technologies Chairman Rich McAndrew. "We have continually strived to provide high value, customer centric engineering solutions, across multiple high growth markets and we believe this is the recipe for continued success."

"This is the first Inc 500 ranking to reflect the full impact of the recession," said Inc editor John Koten. "Yet these entrepreneurs are managing to confound the naysayers and move ahead despite the obstacles. They're showing that smart strategies can succeed even in the toughest of times."

To be eligible for this year's Inc 500, companies had to be independent and privately held through 2001, have at least $200,000 in sales in the base year of 1997 and their 2001 sales had to have exceeded 2000 sales. Holding companies, regulated banks and utilities are not eligible. Inc verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.

About Zaiq Technologies

Zaiq Technologies, Inc. is a leading provider of electronic product design services. Zaiq offers a range of competitive business models to cost effectively meet customers product development objectives. Additional information about Zaiq and its products and services is available by phone at 877-351-8299, by e-mail at [e-mail], or on the internet at http://www.zaiqtech.com.

About Inc

Founded in 1979, Boston-based Inc magazine was acquired last year by G+J USA, one of America's largest magazine publishers, and is part of the company's newly-formed Business Innovator Group. G+J USA also publishes Fast Company, Rosie, Child, Family Circle, Fitness, Homestyle, Parents and YM. The company is 25.1 percent owned by the Jahr Group and 74.9 percent owned by Bertelsmann AG, the largest privately held and the fifth largest media company in the world with yearly revenues at $16 billion.

CONTACT:

Zaiq Technologies, Inc.

Jim Pena, 781/721-8260

[e-mail]

SOURCE: Zaiq Technologies, Inc.