The Penny Stocks to Watch

Somerset, NJ, Aug. 29, 2011 (GLOBE NEWSWIRE) — Penntex Group, LLC, an award-winning small business and IT solutions provider, today announced it has been recognized in the 30th Annual Inc. 500|5000 ranking of the fastest growing private companies in the country. With a 3 year growth rate of 106 percent, Penntex Group ranks #2287 (IT Industry Rank #280) on the list. The list represents the most comprehensive look at the most important segment of the economy–America’s independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.

The 2011 Inc. 500|5000, unveiled in the September issue of Inc. (available on newsstands August 23 to November 15 and on Inc.com), is a group of companies that are smaller but much faster-growing than last year’s crop. Aggregate revenue is .5 billion, with a median three-year growth of 1,275 percent. The companies on this year’s list employ more than 46,000 people and generated over 35,000 jobs in the past three years. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com/5000.

“The Inc. 500|5000 award and recognition shows the dedication and team effort by the entire Penntex Group,” said Nag Karaka, President and CEO of Penntex Group. ”We are excited and proud to be one of the nation’s fastest growing private companies, and believe our growth is fueled by the incredible team working at Penntex Group. Our close customer relationships, robust partnerships with companies like IBM & Oracle supported by our team effort contributed to the continued success of the company. Penntex Group is going strong on building its future on Cloud based ERP services, Mobile ERP solutions, Managed services.”

About Penntex Group, LLC.

Penntex Group (formerly PCB Apps) is a leading ERP consulting, Implementation partner & outsourcing with a strong global presence i.e. US, UK, West Indies, Saudi Arabia and India. Penntex expertise ranges from implementation & post implementation services of the most comprehensive suite of integrated global business applications offered by Oracle, SAP and IBM. Besides having extensive consulting experience in implementing, Penntex holds strong hold on managed services.

Penntex Group  is a technology conglomerate, helping the customers apply the proven industry performance techniques with our business process oriented technology exchange. Employees at Penntex believes performance is the integral part of success and hence we thrived hard to design the products and services around performance.

Penntex Group employees are product certified experts who can help achieve the customer business objectives with full lifecycle solutions. Across the globe, Penntex Group supports multiple consulting projects ranging from small, limited-scope and short term to long term engagements. Penntex engages the industry best practices to create the enterprise computing strategy and deploy suitable new technology to maximize the value of the investment.

Penntex Group is proud to be in the premier list of partners of the world’s best technology giants like Oracle (Gold Partner – under PCB Apps) and IBM (Business Partner – under PCB Apps). Penntex Group has proven and acknowledged performance record in wide geography with customer base spreads across a large number of Fortune 500 Companies in US, UK, Sweden, Netherlands, France, Saudi, Dubai, South Africa, and India.

Penntex Group confidence is based on our ability and experience in offering cost-effective, timely and accurate professional models of delivery.

Methodology

The 2011 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is 0,000; the minimum for 2010 is million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/5000.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

About the Inc. 500|5000 Conference

Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars–the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22-24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.

CONTACT: Prasanna Jagarapu
         Penntex Group
         3 Executive Dr Ste 320
         Somerset, NJ 08873
         732-302-0100 ext 315