Tuesday, January 12, 2010

Fast Switch Announces Preliminary 2009 Financial Results

January 12, 2010, Dublin, OH – Mark Pukita, COO of Fast Switch, Ltd., today announced Fast Switch’s preliminary 2009 financial results. For the full year, revenues are projected to have exceeded $15.5 million. This is a decrease of less than 6% from the year prior and was accomplished during the deepest and most significant recession since the Great Depression.

Pukita commented, “While we would have liked to see another record year of growth, there was only so much we could do as a team to generate business during the past year because of the economy. We must give credit to our hard-working team of associates who stayed positive and did their work with passion and zeal. Everyone contributed in pushing to the very limit of the possible. Because of our team, we are well-positioned going into 2010, and expect to have our highest revenue month ever sometime during the first quarter of 2010. Possibly even in January. For Fast Switch this is a remarkable recovery from the brutal downturn the country’s economy suffered during 2009.”

On top of being positioned to very soon have its highest revenue month ever Fast Switch is at its highest current staff level in its history, with total staff just under 200 associates managed out of its Columbus, Ohio and Detroit, Michigan locations.

Fast Switch, Ltd. is one of Central Ohio’s fastest growing privately-held companies according to Columbus Business First. Fast Switch was formed in December of 1996 and currently has over 180 employees working in almost half the states in the US. Revenues for 2008 exceeded $16 million. Its client base includes 2 of the Fortune 10, 4 of the Fortune 20, 22 of the Fortune 500, and 25 of the Fortune 1,000. It has two major offices in Dublin, Ohio and Wixom, Michigan. Fast Switch expects to open new offices in Cincinnati, Chicago, Cleveland, and Minneapolis-St. Paul during 2010.

Fast Switch’s web address is:

http://www.fastswitch.com

For more information on the FSHI, or on Fast Switch, please contact:

Mark Pukita, Chief Operating Officer, 614-336-3690, mark_pukita@fastswitch.com

Fast Switch, Ltd.
37 W. Bridge Street
Suite 200
Dublin, OH 43017
USA

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