PLYMOUTH MEETING, PA (September 19, 2008) - MediCapture Inc., a leading manufacturer of medical video recording solutions, announced today that the Philadelphia 100® has ranked it as one of the fastest growing companies in the ten county Philadelphia region. MediCapture will be honored at the 2008 Philadelphia 100 Awards Dinner and Ceremony, held on Wednesday, October 22 at the Sheraton Philadelphia Hotel. This year's ceremonies will be hosted by the Philadelphia Business Journal, the Wharton SBDC, and the Entrepreneur's Forum of Greater Philadelphia.
"We are pleased and honored to be recognized in this group of fine companies that are bringing jobs and economic growth to the greater Philadelphia area," commented Michael Bishop, MediCapture's President and CEO. "When we founded the Company in 2002, we saw a need in the medical community for easy-to-use, affordable digital imaging solutions. Other industries had already made the transition from paper-based to digital imaging, but for some reason, the medical industry was being slow to adopt. We analyzed the causes and found that many clinics and hospitals were daunted by the costs and complexities of installing large, enterprise-level imaging systems, and we decided the medical market was ready for a simple, low-cost alternative. Our design team came up with a unique solid-state recording device that has now become a de facto standard in the medical industry for both stand-alone and board-level solutions. Although we anticipated a ready market, we were delighted when we found we could barely keep up with the high level of demand which has lead to our continued strong growth."
"This has been an especially busy year for MediCapture," added Mr. Bishop. "We've launched two new medical video recording systems, struck new partnership agreements with distributors and OEMs, acquired manufacturing and design facilities, and are looking forward to making some exciting new product announcements at Medica 2008, the world's largest medical tradeshow to be held this November in Düsseldorf. Being honored by the Philadelphia 100 brings a real sense of accomplishment to our entire team who have all made vital contributions to our success. We hope that MediCapture can learn from our fellow entrepreneurs and, in turn, lend a hand to new businesses that are just now joining the Philadelphia community."
MediCapture Inc. is a leading manufacturer of digital medical video recorders that are marketed by the world's largest endoscope and surgical microscope manufacturers. The Company's product portfolio consists of easy-to-use and affordable video recording devices that allow surgeons to capture digital video and still images from virtually any existing medical imaging device. For more information on MediCapture and its products, please visit its web site at www.medicapture.com.
The Philadelphia 100 was founded in 1988 to publicly identify, recognize and promote successful companies in the Greater Philadelphia region. The Philadelphia 100 is a meritorious designation based on verifiable revenue growth as reported on federal tax forms or audited financial statements. The Philadelphia 100 is a registered trademark of the Entrepreneurs' Forum of Greater Philadelphia, the Philadelphia Business Journal and The Wharton Small Business Development Center. For more information about the Philadelphia 100, please visit its website at www.Philadelphia100.com.Return to Newsroom
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