News
CityXpress earns Deloitte Technology Fast 50 ranking for second year
Company ranks 25th with revenue growth of more than 800 percent in 2002-2006
VANCOUVER, British Columbia - September 20, 2007 - CityXpress Corp., a leading developer of revenue-generating marketplaces for media companies, today announced that it has earned a place among the prestigious Deloitte Technology Fast 50, a ranking of Canada's fastest-growing technology companies, for the second consecutive year. The Deloitte rankings are based on percentage of revenue growth over five years, from 2002 to 2006.
CityXpress ranked 25th in the 2007 Deloitte Technology Fast 50 with revenue growth of 829 percent, primarily as a result of the expansion of its newspaper auction program in international markets, including Europe, South America, Africa and Australasia. CityXpress ranked 22nd in the 2006 Deloitte Technology Fast 50.
"We're thrilled to be named to the Deloitte Technology Fast 50 for the second year in a row," said Phil Dubois, president and CEO of CityXpress. "This prestigious award recognizes the steady growth we are enjoying as we find new customers and markets for our auction and classified products in the current challenging advertising climate."
"Transforming technological innovation into business success is hard, and it's especially difficult to sustain such rapid revenue growth over five years. CityXpress has rapidly built a highly successful company in the Canadian technology industry and we applaud its dedication and ability to transform vision into reality," said John Ruffolo, national leader, Technology, Media and Telecommunications Industry Group, Deloitte.
In 2006-2007 CityXpress has continued to expand in international markets; the company now conducts auctions in 16 countries and nine languages. The company is also successfully extending its products to the broadcast market, signing a number of leading television stations in the U.S. and Australia to use its classified marketplace platform.
Deloitte Technology Fast 50 winners are automatically eligible for the Deloitte Technology Fast 500 program, which ranks the 500 fastest-growing technology, media and telecommunications companies in the United States and Canada. For more information on the Fast 50 and Fast 500 programs, visit www.fast50.ca 
or www.fast500.com .
About CityXpress Corp.
CityXpress Corp. (www.cityxpress.com) is a leading developer of revenue-generating marketplace products and programs for newspapers and the broadcast media. Founded in 1999, CityXpress works with clients across North and South America, Europe, Australasia and Africa to stage local event and continuous auctions, as well as develop online classified marketplaces. CityXpress provides its customers with hosted software, sales training programs, and customer support services. The company currently provides services to newspaper companies including Advance Publications, MediaNews Group, McClatchy, Gannett, Lee Enterprises, Scripps, the New York Times Company, the Tribune Company, Ottaway Newspapers, CanWest, the Northcliffe Newspapers Group and Fairfax. Headquartered in Vancouver, British Columbia, CityXpress also maintains an international office in London.
About the Deloitte Technology Fast 50
This year marks the 10th anniversary of the Deloitte Technology Fast 50 program, which celebrates business growth, innovation and entrepreneurship. The program features four distinct categories including the Deloitte Technology Fast 50 Ranking, Companies-to-Watch Awards (honouring early-stage Canadian technology companies in business less than five years,) Leadership Awards (Deloitte Technology Fast 50-ranked companies that demonstrate leadership in each of the four industry subcategories of emerging technologies, hardware, software, and telecommunications) and the Deloitte Technology Green 15 Awards (honouring companies creating innovative and economically-viable intellectual property in the burgeoning field of green technology). Deloitte Technology Fast 50 winners are automatically eligible for the prestigious Deloitte Technology Fast 500 ranking. Program sponsors include Deloitte, Gowlings, GrowthWorks, CIBC World Markets, Stonewood Group, Behr & Associates, and CATA Alliance. For further information, visit www.fast50.ca or call 1-888-6FAST50.
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.