News
CityXpress ranks 21st in PROFIT 100 list of Canada's fastest-growing companies
Company registers revenue growth of 2,556 percent in 2001-2006
VANCOUVER, British Columbia - June 6, 2007 - CityXpress Corp., a leading developer of revenue-generating marketplaces for newspapers and other media, today announced that its five-year revenue growth has earned it 21st place in the 19th annual PROFIT 100 ranking of Canada's Fast-Growing Companies. The ranking is compiled by the magazine PROFIT: Your Guide to Business Success.
From 2001 to 2006, the period measured for this year's PROFIT 100, CityXpress' revenue grew by 2,556 percent, driven largely by the growth of its newspaper auction program in North America and in international markets such as Europe and Australasia.
Ranking Canada's Fast-Growing Companies by five-year revenue growth, the PROFIT 100 profiles Canada's most successful growth companies. Published in the June issue of PROFIT and online at PROFITguide.com 
, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.
"PROFIT 100 companies are the new heroes of Canadian business, creating jobs at home and products used around the world," said Ian Portsmouth, editor of PROFIT. "They've accomplished this by building great employee teams, exploiting export markets and rapidly responding to the customer's fast-changing needs."
"We're proud to be recognized among Canada's fastest-growing companies for the second year in a row," said Phil Dubois, president and CEO of CityXpress. "Our five-year revenue growth is a reflection of our products' strength in North America and significant growth in new markets internationally. We look forward to remaining among the PROFIT 100 in years to come."
In 2007 CityXpress continues to grow in international markets, staging first auctions in several Scandinavian countries and signing a reseller for the company's products in Latin America. The company's reach also extends into the broadcast market, where it has launched a number of classified marketplaces for television clients.
About CityXpress Corp.
CityXpress Corp. (www.cityxpress.com) is a leading developer of revenue-generating products and programs for newspapers and the broadcast media. Founded in 1999, CityXpress works with clients across North and South America, Europe and Australasia to stage local event and continuous auctions, as well as develop online classified marketplaces. CityXpress provides its customers with its hosted software, sales training programs, and customer support services. The company currently provides services to newspaper companies including MediaNews Group, McClatchy, Gannett, Lee Enterprises, Scripps, the New York Times Company, the Tribune Company, CanWest, the Northcliffe Newspapers Group and Fairfax. Headquartered in Vancouver, British Columbia, CityXpress maintains an international office in London.
About PROFIT Magazine
PROFIT: Your Guide to Business Success offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT - which currently reaches more than 300,000 readers nationally - hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs. Visit PROFITguide.com .
Media Contact:
Michael Togyi
CityXpress
mtogyi@cityxpress.com
604.638.3825
This press release and/or communication contains forward-looking statements regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, such as the Company's capital requirements and other liquidity concerns, fluctuations in demand for newspaper auctions and for the Company's other products, competition, technological developments, and other risks and factors. These and other important factors may cause actual results and performance to differ materially from the results expressed in or implied by such forward-looking statements. The forward-looking statements are based on information available to the Company and speak only as of the date hereof. The Company does not assume, and expressly disclaims any obligation or duty to update or revise any of the information presented herein.