Ranked #36 in PROFIT Magazine's
23rd Annual PROFIT 200 Ranking
TORONTO, June 6, 2011 /PRNewswire/ - Pioneering Technology
Corp. of Mississauga, Ontario
(TSX-V: PTE), ("Pioneering") has been ranked number 36 in the 23rd
annual PROFIT 200 ranking of Canada's Fastest-Growing Companies.
Ranking Canada's
Fastest-Growing Companies by five-year revenue growth, the PROFIT
200 profiles the country's most successful growth companies.
Published in the summer issue of PROFIT and online at
PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of
entrepreneurial achievement.
Pioneering has grown 3,600% over the five-year period and 1,341%
as per the parameters of the PROFIT 200 ranking. Historically
a product innovation incubator, Pioneering began commercializing
some of its proprietary products in 2007. Today Pioneering is
an energy smart product and consumer goods company that has brought
to market innovative solutions for everyday consumer products
making them safer, smarter and more efficient. Pioneering
recently reported its seventh consecutive quarter of positive
operating income.
"We are very proud to have been recognized for our achievements
to date but want PROFIT readers to know that we are just getting
started", said Pioneering CEO Kevin
Callahan. "Our proprietary product solutions are
relevant in every household and most public and private
institutions meaning that there is considerable room for growth. We
plan to be on this list for many years to come. Recognition
from the leading entrepreneurial magazine in Canada is extremely gratifying for our
employees, our partners and those around the world who have helped
champion these product solutions because they help save lives,
energy and money."
"The PROFIT 200 companies are the innovative, high-growth
enterprises Canada needs to
compete on the global stage," says Ian
Portsmouth, Editor-in-Chief of PROFIT Magazine.
"PROFIT is proud to celebrate their achievements and ambitions,
and we encourage all businesspeople to learn more about the many
ways they've come so far, so fast."
About Pioneering Technology Corp:
Pioneering is an "Energy Smart" product innovation
and consumer goods company based in Mississauga, Ontario, that engineers and
brings to market solutions for consumer products making them safer,
smarter and/or more efficient. The patented Safe-T-element(R)
cooking system is engineered to help prevent stove top cooking
fires, the number one cause of fire in North America, and to reduce the amount of
electricity required to cook. The patent pending
Safe-T-sensor is designed to detect burning conditions in microwave
ovens shutting it off before it triggers a fire alarm.
Pioneering trademarks include Safe-T-element®, Safe-T-Sensor™,
Powergrill™, Battery Eliminator®, Powerpak™ and the Hydro-free
Furnace Fan™. For more information please visit
www.pioneeringtech.com .
About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to
the management issues and opportunities facing small and mid-sized
businesses. For 29 years, Canadian entrepreneurs and senior
managers across a vast array of economic sectors have remained
loyal to PROFIT because it's a timely and reliable source of
actionable information that helps them achieve business success and
get the recognition they deserve for generating positive economic
and social change. Visit PROFIT online at www.PROFITguide.com
.
SOURCE Pioneering Technology Corp.