NASHVILLE, TN., October 21, 2004 -- PureSafety, a leading provider of online safety training and risk management solutions, today announced that it has been named one of Inc. 500’s Fasting Growing Private Companies for 2004. Inc. Magazine, the premier publication for small and medium-sized businesses, ranked PureSafety #206 on the list with an average annual sales growth of 173% and total sales growth of 692% over the measured period.

"We are honored to receive this prestigious award from Inc. 500 Magazine," said William A. Grana, Jr., President & CEO of PureSafety. "The time period that was considered for the award, 1999 – 2003, was a challenging time for many young companies, particularly technology companies. Despite the difficult times, we were able to expand at an aggressive pace and lay a foundation to support our future growth. We have our customers to thank for this recognition, but most importantly, it is a testament to the resilience, commitment, and hard work of all our staff members."

All the companies that made this list have thrived despite continued stagnation in the economy, posting an average year-over-year sales growth of 265%. Inc. 500 companies posted aggregate 2003 revenue of $12.6 billion, and 82% of them were profitable. And while the United States shed 410,000 jobs in 2003, Inc. 500 companies provided employment for more than 70,000 people.

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 average year-over-year sales growth. Inc. 500 verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials. The Inc. 500 Special Issue will appear on newsstands October 26, 2004.