Business Technology solutions firm Marlabs Inc. in the Inc. 500 List – second year running

New York, (October 1, 2003) – Inc. Magazine, the premier publication for small and medium-sized businesses, today released its 22nd annual Inc. 500 ranking of the fastest-growing private companies in the country. Leading business technology services and solutions firm, Marlabs Inc., ranks 258 on the list, with five-year sales growth of 684%. The Inc. 500 Special Issue will appear on newsstands October 14 and will be on display until January 2004.

The companies that made this list have thrived through continued stagnation in the economy, and while the United States shed 1.5 million jobs in 2002, Inc. 500 companies – half of which were launched with less than $20,000 – provided employment for 67,973 people.

For Marlabs Inc., this is the second year of being featured in the INC 500 list. In 2002 Marlabs Inc. ranked 151. Siby Antony, CEO of Marlabs says “our focus in healthcare and financial hosted solution offerings and our continued R & D efforts contributed to the growth significantly. I take this opportunity to thank our loyal customers and committed employees.”

“The entrepreneurs you’ll find on the Inc. 500 have the type of attitude we need to get this economy moving again,” said Inc. editor-in-chief John Koten. “For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition.”

The Inc. 500 ranks privately held companies according to sales growth over the past five years. With 75% 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. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, Princeton Review, Morningstar, E* Trade, Intuit and Domino’s Pizza all appearing on the list before they became industry powerhouses.

In the last couple of years Marlabs Inc. has rolled out several new and innovative solution offerings in such critical areas as Remote DBA services, HIPAA compliance and Microsoft .NET based solutions for healthcare and financial services clients. A recent product – MCOCentral, which is targeted at managed care organizations and third party administrators - has met with considerable success in the workers compensation markets.

Marlabs Inc. has been providing technology services and solutions to prestigious companies for over 6 years, and today its clients include a broad spectrum of Fortune 500 as well as small to midsize companies such as American College of Radiology, J P Morgan Chase, Y&R, Ford Motor Company, Baylor Health Care System and Loudcloud to name a few.

Inc. 500 is proof that tenacious businesspeople can succeed without the benefit of substantial resources. Of the Inc. 500 founders: 48% had start-up capital of less than $20,000, while only 2% received funding from Venture Capital firms. Now, 78% have an estimated net worth of over $1 million. Most Inc. 500 founders jumped right into their businesses; 84% started companies without benefit of any formal research. Also of note, is that 12% of Inc. 500 company founders are women.

To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.

Marlabs Inc. is a business technology solutions and services firm based out of Edison, NJ with development centers in Philadelphia, PA and Austin, TX and a Global Development Center in Bangalore, India. Marlabs specializes in developing, and implementing technology solutions for Healthcare, Finance and Media industries. One of the fastest growing technology firms in NJ, Marlabs is a full service provider with application development, managed services and consulting services under one roof. Marlabs partners with leading technology firms such as Microsoft, IBM, Oracle and Sybase to ensure leading edge technology solutions for its clients. For more information on Marlabs Inc., please visit www.marlabs.com

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.