NEW YORK, August 13, 2015 -- Inc. magazine placed PassTime on its 34th annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 5000.

 

“I would like to thank Inc. for the recognition of PassTime. It's a tribute to the hard work and dedication of the executives and staff who work at PassTime,” stated Stan Schwarz, CEO/Founder of PassTime.

 

The 2015 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 18 to September 22) is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 490%. The Inc. 5000’s aggregate revenue is $205 billion, generating 647,000 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

 

"The story of this year’s Inc. 5000 is the story of great leadership. In an incredibly competitive business landscape, it takes something extraordinary to take your company to the top,” says Inc. President and Editor-In-Chief Eric Schurenberg. “You have to remember that the average company on the Inc. 5000 grew nearly six-fold since 2012. Business owners don’t achieve that kind of success by accident."

 

PassTime, which has been in business for over twenty years, manufactures and sells GPS devices used for subprime automotive lending, theft-recovery, and vehicle fleet markets.  In the auto finance market, PassTime devices are used by lenders to help assist with timely payment involving consumers with subprime credit.  Devices are designed to help remind customers to make payments, and include GPS in the event the lender needs to locate the vehicle.  It also offers consumer theft-recovery devices used by customers to help locate their vehicle with GPS in the event of a theft. 

 

This is the first year that PassTime has made the prestigious Inc. 5000 list of fastest growing companies.

 

About PassTime
PassTime provides GPS-based technology solutions serving the auto finance, fleet and vehicle theft recovery industries.  Headquartered in Littleton, Colorado, PassTime was founded in 1992; PassTime revolutionized the automotive finance industry with the creation of its first Automated Collection Technology (ACT) product in 1997 designed to improve customer payment performance and reduce default and repossession risks. The PassTime suite of products has evolved to include GPS tracking, wireless ACT, theft recovery, and fleet solutions.  PassTime prides itself on providing high quality, reliable products matched with a 24/7 Live Customer Support center.  Today, PassTime’s innovative products are used by thousands of automotive lenders and dealers, fleets, and consumers.

For more information about PassTime, visit www.passtimeusa.com or email info@passtimeusa.com

 

About Inc. and the Inc. 500|5000

 

Methodology

The 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. To qualify, companies must have been founded and generating revenue by March 31, 2011. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2014. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2011 is $100,000; the minimum for 2014 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/5000.   

 

About Inc. Media:

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders.  Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 13,000,000 today.  For more information, visit www.inc.com.

 

The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

For more information on Inc. and the Inc. 5000 Conference, visit http://www.inc.com/.