Marlabs Named to Inc. 500 as One of America’s Fastest Growing Private Companies for the Third Time

Global Service Provider, Marlabs, Ranks Number 336 on the 2004 Inc. 500
With Five Year Average Annual Sales Growth of 150 Percent.

Edison NJ, 28th October, 2004— Inc. Magazine, the premier publication for small and medium-sized businesses, recently released its 23rd annual Inc. 500 ranking of the fastest-growing private companies in the country. Marlabs, a global full service provider of application development, managed and consulting services, ranks number 336 on the list, with five-year average annual sales growth of 150 percent.

For Marlabs, this is the third year of being featured in the Inc. 500 list. Marlabs recently announced the company saw revenue growth of 150 percent for the quarter ended September 30, 2004 compared to the same quarter of the previous year. The company’s revenue grew 45 percent for the period July 2003 to June 2004 compared to the period July 2002 to June 2003. In addition to revenue growth, Marlabs has also expanded its offices and service offerings to ensure clients receive best-of-breed solutions, services and products.

“Being ranked in the Inc. 500 for three years in a row is a testament to our loyal customers and committed employees,” stated Siby Vadakekkara, CEO of Marlabs. “Our team has more than 300 combined years of IT experience in the U.S., and our continued investments in R&D and training help Marlabs deliver solutions that positively impact our customers’ bottom lines.”

The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past five years. With approximately 75 percent of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Eighty-five companies (17 percent) on this year’s Inc. 500 say they plan to go public at some point. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, E* Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.

Inc. Editor-in-Chief John Koten said, “When people were practically giving away funding in the late 1990s, this year’s crop of Inc. 500 entrepreneurs didn’t overextend, and when everyone hit the panic button a few years later, they stayed calm and seized opportunity.”

To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.

About Inc. Magazine

Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small to medium-size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.

About Marlabs, Inc.

Headquartered in Edison, New Jersey, Marlabs is a global full service provider of application development, managed and consulting services with dedicated industry practices in the healthcare, pharmaceutical and life sciences industries. The Company maintains U.S. development centers in Bethlehem, Pa., Austin, Texas, and Cheyenne, Wyo. and an Asia Pacific development center in India.

Marlabs’ technology alliances include such market leaders as Microsoft, IBM and Oracle. Marlabs is an INC 500 company and has been repeatedly recognized by Deloitte & Touche in its Fast 50 and Fast 500 programs. For more information, please visit www.marlabs.com.