Magellan Laboratories Named One of North Carolina's Fastest Growing Technology Companies

RESEARCH TRIANGLE PARK, NC - Magellan Laboratories Incorporated has been named to Deloitte & Touche's prestigious "Technology Fast 50" Program for North Carolina, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in revenues from 1995-1999 (five year period).

"To attain a listing on the Technology Fast 50 is no easy feat, and we at Deloitte & Touche congratulate Magellan Laboratories for attaining this honor," said Alan Lonbom, Partner-in-Charge, Growth Company Services in Raleigh.

Magellan Laboratories increase in revenues of 241% resulted in a 35th ranking overall in the Technology Fast 50 for North Carolina.