BEAVER FALLS, PA, August 25, 2008 — For the second consecutive year, the Pittsburgh Business Times has recognized Pegasus Associates Lighting as one of the fastest-growing companies in the Pittsburgh, PA region. The “2008 Pittsburgh 100” honor was presented to the company at an awards ceremony and banquet at the Duquesne Club, located in downtown Pittsburgh, on Thursday, August 21, 2008.
Each year the Pittsburgh Business Times ranks the top 100 fastest-growing, privately-held companies located in the Pittsburgh area based on the previous three-year sales growth. During the 2005 to 2007 period, Pegasus Associates Lighting realized a 55% growth in revenue and a 65% growth in employment. To qualify for the 2008 top 100 ranking, a company must be a locally owned, for-profit business with net revenue in 2005 of $500,000 or more.
Dr. Thomas E. Farin, President and founder, attributes the remarkable growth of his business to the confluence of several factors that include the continuing growth of the Internet, the optimum use of technology, including voice-over-IP telephones and high-speed internet access, and, most importantly, the company’s hard-working, dedicated employees. Dr. Farin said, “A key shopping feature at Pegasus Associates Lighting is the goal to provide each customer and web site visitor with outstanding customer service that they won’t soon forget. Our employees make sure that this happens, and without them we would have never received this honor in any year, let alone two years in a row. I couldn’t be more proud of each one of them.”
About Pegasus Associates Lighting
Founded in 1993, Pegasus Associates Lighting is a lighting distributor with a strong internet presence selling “unique lighting products for your special needs.” The company, based near Pittsburgh in Beaver Falls, PA, attracts both individual and corporate shoppers who value a learning experience in lighting, competitive pricing and an easy-to-use, intuitive web site. For more information, visit www.PegasusAssociates.com.
ChrisJ [at] PegasusAssociates [dot] com