CharterAuction.com, setting new high safety and price-driven standards in luxury jet charter services, today announced that it has been named a Rising Star on the Deloitte Technology Fast 500, a ranking of the fastest growing technology companies in North America.
A special category, the Rising Star List ranks 25 winners that have been in business less than five years, but at least three years they are ranked based on average percentage of growth in revenues over three years (2000 to 2002).
CharterAuction.com`s CEO Nate McKelvey credits the highest safety standards, highly competitive private air charter prices and world class customer care services with the company`s 8700% revenue growth over the past three years.
He said,“This award provides a strong validation for our technology, our business model our strategic vision for the company. Among the 25 companies selected as Deloitte`s 2003 Rising Stars, we have the third highest revenue growth rate from 2000-2002. We are honored to be recognized for our strong performance.”
“It`s not easy for a young company to get traction in the technology marketplace let alone report such phenomenal revenue growth,” said Mark A. Evans, national managing partner of Deloitte`s Deloitte Technology, Media & Telecommunications Group. “It`s a credit to CharterAuction.com`s leadership that they`ve managed to ramp up their business so quickly.”
The Way CharterAuction.com Works -
Through its proprietary online technology, CharterAuction.com is in constant contact with its network of more than 750 of today`s top, FAA-certified jet charter operators and with its jet charter customers. Customers can post online or call-in their trip date, time and destination information.
The trip details are instantaneously posted to CharterAuction.com`s entire network of jet charter operators. The operators then compete for the business by submitting online bids on the cost of the trip. Customers can watch this interaction live, online, as operator bids come in and the price of the trip goes down.
Established in 1999 CharterAuction.com is headquartered in Quincy, Massachusetts and has additional offices in Louisville, Kentucky. Its mission is to provide the safest, highest-quality, private jet services at highly competitive prices. Using its own exclusive, online technology, the company is revolutionizing the dynamics of the private air taxi marketplace by making price a driving factor in a market never before driven by price. CharterAuction.com provides private jet charter travel membership programs and ad hoc auction travel services anywhere in the world, at anytime and offers additional concierge services upon request. Working in an industry that includes fractional competitors such as NetJets (Berkshire Hathaway, NYSE: BRK.A and BRK.B) and Flight Options (Raytheon NYSE: RTN), the company was established to provide affordable private air charter travel services to business travelers and offer guaranteed competitive charter flight prices to travel agents and corporate flight departments. For more information, please visit the web site at www.charterauction.com.
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Deloitte Technology, Media & Telecommunications (TMT) Group
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