Contact:

Charles Wisniewski
203.831.4113 ext. 312

Wendy Van Parys
203.966.7453

TEDDY'S TRANSPORTATION SYSTEM, INC. NAMED TO INC. MAGAZINE'S 5000 FASTEST GROWING COMPANIES 2010 LIST

NORWALK, CT – August 25, 2010 – For the fourth year in a row, Teddy’s Transportation System, Inc., a global ground transportation company based in Norwalk, CT, has been named to the Inc. magazine list of the 5000 fastest-growing private companies in the country. According to Inc. magazine, the list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs.  Taken as a whole, these companies represent the backbone of the U.S. economy.

“We were very excited to make the inaugural Inc. 5000 list in 2007 and honored to repeat our success in 2008, 2009 and again this year,” noted Charles Wisniewski, President and Chief Executive Officer. “Despite the impact of the recent recession on business travel, Teddy’s revenue grew 14.4% between 2006 and 2009, ranking us #4692 on the 5000 list and #89 in the Logistics and Transportation category, the only company ranked in our industry in Connecticut. I’m delighted to report that, with business travel on the upswing in this region, we have turned in a solid performance to date in 2010 and are aggressively hiring key personnel,” Mr. Wisniewski observed.

“A rare few business travel purchasing agents still view ground transportation as a commodity, thus choosing the low cost provider.  But the traveling executive demands prompt, courteous service, and will penalize any company that does not deliver that.  Road warriors know there is often a vast difference in service levels across livery providers,” noted Mr. Wisniewski, a past president of the National Limousine Association. “At Teddy’s, we also connect people through dynamic new avenues of communication, including online booking, as well as telephone reservations, technology that pinpoints a traveler’s whereabouts in real time and innovative solutions that help corporate purchasers manage a worldwide transportation budget,” he said.

The 2010 Inc. 5000 list measures revenue growth from 2006 through 2009.  To qualify, companies must be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2009, and have had at least $80,000 in revenue in 2006, and $2 million in 2009.

Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com

Founded in 1932, Teddy’s Transportation System, Inc. is one of the top 50 ground transportation companies in the U.S. today. Teddy’s has redefined “professional transportation solutions” by forging a strategic network of premium global partnerships and utilizing innovative technology that provides corporate purchasers, event planners and travelers with access to immediate, real-time information.  Teddy’s commitment to excellence ensures reliability, efficiency and comfort, which translates into the most productive mode of transportation available, as well as value for its clients. Sales growth earned Teddy’s a place on Inc. magazine’s inaugural list of America’s Fastest Growing Companies in 2007, and on each succeeding annual list (2008, 2009 and 2010). In 2007 Teddy’s ranked as a Finalist in Limo Digest’s Operator of the Year competition and was honored as one of the top 3 large fleet operators nationwide; Teddy’s was also recognized as a Finalist in the 2007 Connecticut Family Business of the Year competition. For more information call 1-800-888-3339 or visit www.teddyslimo.com .

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