GREENVILLE, N.C. — LBA Group, Inc. announces that it has made Inc. magazine’s list of the top 5,000 fastest-growing businesses in the nation with a ranking of 3,613 and a three-year sales growth of 80 percent. Inc. 5,000 lists companies, that when put together, represents the backbone of the U.S. economy.
The Inc. 5,000 is an extension of Inc. magazine’s annual 500 list. It finds businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms.
“We are honored to be recognized among the cream of U.S. small businesses,” Lawrence Behr, CEO of LBA Group, said. “We attribute our success and this notable achievement to the positive attitude, talent and aggressive bent of our employees.”
Based in Greenville, N.C., LBA Group (http://www.lbagroup.com) is a CMSDC certified small disadvantaged Hispanic business. Since 1963, LBA Group and its core companies, Lawrence Behr Associates, Inc. and LBA Technology, Inc., have provided consulting and manufacturing services for broadcasting, radio frequency users, and the wireless telecommunications’ industry. Its antenna products are used by broadcasters and governments, worldwide.
Lawrence Behr Associates, Inc. provides consulting, test, project management and design services in communication system coverage, interference and compatibility matters, electromagnetic shielding, radio frequency safety, and collocation of diverse communications facilities.
“We have broad expertise in regulatory and allocation matters, and radio system coverage and path prediction,” Behr said. “Our capabilities include the design of radio communication systems, including new broadband technologies.”
LBA Technology, Inc. designs and manufactures sophisticated antenna tuning and coupling systems, as well as transmission system integration, for the low, medium and high frequency radio frequency bands at power levels to 1,000,000 watts. They supply major components for the Voice of America and high-power multiplexed medium wave antenna systems for other international broadcasters. They also manufacture transportable transmitting stations for military and civilian use.
“To be part of this list is truly an honor,” Behr added.
Inc.com is a daily resource for entrepreneurs. It delivers advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run, and grow their businesses more successfully. Information and advice covers virtually every business and management task, including marketing, sales, finding capital, and people management.
“The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy – the entrepreneurial part,” Inc. 5,000 Project Manager, Jim Melloan, said. “The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like Manufacturing and Construction that are underreported in the business media.”
The list features a profile for each company, mostly based on interviews with management. And, it is searchable according to numerous criteria including industry, city, state, region, and year founded.
Methodology was based on revenue growth measurement from 2003 through 2006. As of December 31, 2006, to qualify, companies had to be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies -and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
The 2007 Inc. 5,000, as revealed online at www.inc.com, reported median revenue of $9.4 million and median three-year growth of 140 percent.
Complete information on this year’s Inc. 5,000 can be found at www.inc.com/inc5000.
