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News
Visix Named as Finalist
in 2008 American Business AwardsSM
May 15, 2008
ATLANTA, GA — Visix, Inc. was
named a Finalist today in the Best Business Turnaround category in The
2008 American Business Awards.
Hailed as “the business
world’s own Oscars” (New York Post, April 27, 2005), The
American Business Awards are the only national, all-encompassing awards
program honoring great performances in business.
More than 2,600 entries
from companies of all sizes and in virtually every industry were
submitted for consideration in more than 40 categories, including Best
Overall Company, Best Executive, Best New Product or Service, Best
Corporate Social Responsibility Program, and new categories including
Best Management Team and Best Corporate Environmental Responsibility
Program. Visix will be competing in the Best Business Turnaround
category.
“In 2003 Visix was in
dire straights – mounting financial losses, burdensome debt, excess
inventory, declining sales and no discernable recovery plan,” said Sean
M. Matthews, President of Visix. “With a change in management, we
assessed our people and retained the most talented for the challenge
ahead. Down to a skeleton crew, we constructed a plan with a pointed
focus, weaned ourselves off the mistakes of the past and efficiently
executed the strategic initiatives and tactical assignments while
measuring our performance after every step.”
The turnaround
performance delivered 129% sales growth over the last three years, 32%
CAGR and 11% EBIT. In calendar year 2007, Visix
unit shipments were up by 80%,
training sessions grew by 160% and system deployments increased by
nearly 200%.
“ABA entries grew more
than 30% this year, so being named a Finalist is more of an
accomplishment than ever before,” said Michael Gallagher, founder and
President of The Stevie Awards. “It means that independent business
executives have agreed that the nominee is worthy of national
recognition. We congratulate all of the Finalists on their achievement
and wish them well in the competition.”
“We are honored to be
recognized for our efforts,” stated Matthews. “There is a talented,
motivated and enthusiastic team of people in five cities and two
countries that have made this turnaround possible. This is only the
beginning and I look forward to a great run in a very dynamic market.”
About The Stevie Awards
Stevie Awards are
conferred in four programs: The American Business Awards, The
International Business Awards, The Stevie Awards for Women in Business,
and the Stevie Awards for Sales & Customer Service. Honoring companies
of all types and sizes and the people behind them, the Stevies recognize
outstanding performances in the workplace worldwide. Learn more about
The Stevie Awards at
www.stevieawards.com.
About Visix, Inc.
Visix,
Inc. designs, develops and supports a suite of software applications
that allow users to create, import and manage their visual
communications from anywhere and to deliver those messages to virtually
any endpoint.
The
company offers digital signage software, room and event scheduling
solutions, and applications for targeted messaging to desktops and
portable devices. Each of these products works independently or can be
integrated into scaleable deployments from a single display to large
networks. This comprehensive approach to on-time communications – from
concept to delivery – provides systems including software, hardware and
distribution accessories, as well as multi-tier service and support
options to manage and maintain dynamic visual communications.
Contact
Visix at 800.572.4935 or salesteam@visix.com. Parties interested in
additional information about Visix, AxisTV, MeetingMinder™, and
MessageBlox™ visual communications products should visit the Visix web
site at www.visix.com.
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