Capital Title Named for Second Year in FORTUNE Magazine's 2005 List of America's 100 Fastest Growing Companies
|August 23, 2005|
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Capital Title Group Inc. (Nasdaq: CTGI) for the second consecutive year is included in FORTUNE'S 100 Fastest Growing Companies in America for 2005. The company, a national provider of title, appraisal and other transaction services to the real estate and mortgage lending industries, is one of only 34 companies returning for a second year following their inclusion in the 2004 list. While there were four title companies on the 2004 list, Capital Title was the only national company within its industry peer group that remained on the list for a second successive year. Capital Title is one of three Arizona public companies to be on FORTUNE'S 100 Fastest Growing Companies list in 2005.
The annual list compiled by FORTUNE appears in the Sept. 5 issue of the magazine that will be available on the newsstands Aug. 29 and is currently available at www.fortune.com as of Aug. 22, 2005. To compute the rankings, FORTUNE used data supplied by Zacks Investment Research and gave equal weight to three factors: profit and sales growth (for three years through the first quarter 2005) and three-year total return (through June 2005).
Donald R. Head, chairman, president and chief executive officer, commented, "It is gratifying that our significant growth be recognized in a manner that places us within a select list of top-performing companies, an acknowledgement of our accomplishments as we increase our national platform. Our national visibility and growth have also been noted within the Wall Street community as reflected in our stock appreciation, an added benefit for our shareholders."
Mark C. Walker, chief operating officer, said, "We are pleased with our placement at 57 in this our second successive year in FORTUNE'S 100 Fastest Growing Companies list. Our executive management and entire staff are to be congratulated for their outstanding efforts in continuing Capital Title's direction for growth within our existing markets and on new fronts on a national basis."
Source: Capital Title Group Inc.