Helping The Uk To Be The Number One Country For New Employment Creation In EuropeLondon, UK, 15 October 2004. Espotting Media, a leading European paid listings provider, has been ranked 1ST in the IT Services sector in Europe's 500. The Europe's 500 listing - published on an annual basis - ranks the top 500 job creating companies in Europe and analyses performance over a three year period. Europe's 500 is endorsed by Microsoft, 3i, Boston Consulting Group and PricewaterhouseCoopers.
As well as ranking 1st in the IT Services sector, Espotting came 4th in the overall ranking. Over the three year period, Espotting grew 733% in terms of number of employees and 65,887% in turnover.
'All of us at Espotting are delighted to have been acknowledged with this award,' said Seb Bishop, senior vice president, Espotting Media. 'As a pan-European Internet advertising company, it shows how we have bucked the trend in both the Internet and the advertising sectors, to achieve phenomenal levels of growth.'
Espotting launched the paid listings sector in Europe. The paid listings sector is the fastest growing area of online advertising, accounting for 41% of total online media spend in the UK alone (IAB/PWC).
UK outperforms European companies
The Europe's 500 listing reveals that the UK is the number one country for new employment creation in Europe. Five of the companies in the Top 10, are UK based companies. Alongside Espotting, which ranked 4th, are La Fitness Plc (8) and City Refrigeration Holdings (UK) Ltd (1). UK companies represent 21% of the five hundred, up from approximately 14% in previous editions of Europe's 500.
The Europe's 500 job creation ranking was first introduced in 1996 to highlight the type of companies that grow fast, the champions of growth that create employment. Europe's 500 is calculated using the David Birch index, which considers absolute and relative growth in employment. The index's formula produces a number upon which the companies are ranked.
'Given the challenging economic environment over the last few years, Espotting's continued growth is a real achievement,' said Philippe Leonard of Europe's 500. 'Europe needs to stimulate employment through more fast growing companies; we believe that companies like Espotting Media should be recognised as role models.'
www.espotting.com
www.europes500.com
Forward Looking Statements
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "plan," "intend," "believe" or "expect'" or variations of such words and similar expressions are intended to identify such forward-looking statements. Key risks are described in FindWhat.com's reports filed with the U.S. Securities and Exchange Commission, including the Form 10-K for fiscal 2003 and the most recently filed quarterly report on Form 10-Q. Readers should note that these statements may be impacted by several factors, including economic changes and changes in the Internet industry generally and, accordingly, FindWhat.com's actual performance and results may vary from those stated herein, and FindWhat.com undertakes no obligation to update the information contained herein.
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