Listing Ranks Best-Performing Massachusetts-based Corporations
CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration
services and dense cluster computing systems, announced today that it
has once again achieved a spot on the “Globe 100” list. Annually, The
Boston Globe ranks public companies by how well they increased
sales, profits, and returns for shareholders during 2008.
Acknowledging this accomplishment in light of the difficult economic
conditions of 2008, Shirley Leung, business editor of the Boston Globe,
commented, “These businesses excelled when so many others struggled, and
their stories offer invaluable lessons for tough times.”
Consideration for the Globe 100 requires that a company maintain its
headquarters in Massachusetts, and publicly trade its stock on NASDAQ,
New York Stock Exchange, or American Stock Exchange. The company must
also have been public for the entire 2008 calendar year, and have
reported revenue and profit for both 2007 and 2008. Rankings are based
on a composite score from financial data for the four quarters ending
December 31, 2008 and for corresponding quarters a year earlier.
“We are honored to be recognized as a top performing company during
these times of economic uncertainty,” said Alexander R. Lupinetti, CSP
chairman and chief executive officer. “Our success is due to our focus
on delivering high quality products that our customers need to solve
their most critical problems.”
About CSP Inc.
Based in Billerica, Massachusetts and founded in 1968, CSP Inc. and its
subsidiaries develop and market best-of-breed IT solutions, systems
integration services, and high-performance computer systems. CSP’s
Systems segment includes the MultiComputer Division, which supplies
high-performance Linux cluster systems for a broad array of defense
applications, including radar, sonar, and surveillance signal
processing. The Company’s MODCOMP, Inc. subsidiary, also part of its
Service and Systems Integration segment founded in 1970, is a leading
provider of IT solutions and systems integration services for complex IT
environments. MODCOMP works with third parties to develop cutting edge
solutions in the global IT markets and has offices in the U.S., U.K.,
and Germany.
More information about CSP is available on the company’s website at www.cspi.com.
To learn more about MODCOMP, Inc., consult www.modcomp.com
'Safe Harbor Provision' Statement'
The Company wishes to take advantage of the “Safe Harbor” provisions of
the Private Securities Litigation Reform Act of 1995 with respect to
statements that may be deemed to be forward-looking under the Act. Such
forward-looking statements may include, but are not limited to, the
effect of the economy on the Service and Systems Integration business,
expectations that the company will report increase year-over year
revenue and net income for fiscal 2009. The Company cautions that
numerous factors could cause actual results to differ materially from
forward-looking statements made by the Company. Such risks include
general economic conditions, market factors, competitive factors and
pricing pressures, and others described in the Company's filings with
the SEC. Please refer to the section on forward-looking statements
included in the Company's filings with the Securities and Exchange
Commission.
CSP, Inc.
Gary Levine, 978-663-7598, x1200
Chief Financial
Officer
glevine@cspi.com
Fax:
978-663-0150
