Intellect Awarded Inc. 500 Designation for Second Year in a Row

August 2006

Intellect Technical Solutions, Inc. is pleased to announce that for the second year in a row, the company was included in the Inc. 500, which is the annual ranking of "America's Fastest Growing Private Companies" by Inc. Magazine.

The 2006 listing of the Inc. 500 is a measure of revenue growth over the prior three year period. Intellect was recognized as #287 on the 2006 Inc. 500, as a result of 467% revenue growth from 2002 through 2005.

"Being recognized by Inc. Magazine for the second year in a row is a tremendous accomplishment," said Jim Barge, Principle of Intellect. "The entire team at Intellect has worked hard to create a firm that has staying power in a highly competitive business. As much as we're proud of the growth that we've achieved over the last several years, we're equally if not more focused on the continued acceleration of our expansion through the remainder of 2006 and 2007, and the opportunities that lie ahead of us".

Since its' inception, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino's Pizza all appearing on the list before they became industry powerhouses.

To be eligible for the 2005 Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2005, and have had at least $600,000 in net sales in the base year of 2002. Companies are ranked on cumulative three-year sales growth from 2002 to 2005. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.

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About Intellect

Headquartered in Clearwater, Florida, Intellect Technical Solutions, Inc. is a privately-held Information Technology staffing and solutions firm. The company provides staff augmentation, direct-hire and outsourced project services to Fortune 500 and middle market clients that include Baxter Healthcare, Publix Supermarkets, HSN (formerly Home Shopping), L-3 Communications, and many others. The company was founded in December 1997.