May 15, 2009

IncrediTek’s CEO, Adam Pattisall, is Awarded the Maryland Small Business Award for Entrepreneurial Success

BelCamp, MD – May 15, 2009 – Adam Pattisall, President and Chief Executive Officer of IncrediTek, Inc., was awarded the Maryland Small Business Administration’s 2009 award for Entrepreneurial Success. Mr. Pattisall won this award in a category where hundreds of nominations were being considered.

In recognition of the small business community’s contributions to the American economy and society, the President of the United States designates one week each year as National Small Business Week. This year, National Small Business Week was May 17-23, 2009.

The highlight of the National Small Business Week is the presentation of the awards spotlighting the outstanding contributions of small business persons and advocates at the district, state and national levels. This year, there are eleven award categories for the 25th Anniversary of the Maryland SBA awards and IncrediTek’s, Adam Pattisall, stood out to earn the award for Entrepreneurial Success.

“It is an honor and privilege to be acknowledged by the Maryland Small Business Administration. Every person on our team works hard, day in and day out, so it is really nice to be noticed,” said Adam Pattisall, President and CEO of IncrediTek. “As a Service run organization, it takes more than experience, it takes being responsive and flexible to every need and demand our customers put on us, do it right and they’ll keep coming back,” Pattisall continued.

The 2009 winners must meet strict qualifying criteria set forth by the U.S. Small Business Administration in order to be considered. The Maryland Small Business Week Awards Program has been nationally recognized as a premier event of Small Business Week. 2009 marks the 25th Anniversary of the Program.

Headquartered in BelCamp, Maryland, IncrediTek, Inc is a Service Disabled Veteran Owned Small Business (SDVOB) that is a Value Added Reseller and provides program management, asset management, engineering, installation, provisioning, commissioning, and maintenance support services to the telecommunications and high-tech industries. IncrediTek maintains a professional, highly trained, and disciplined force of engineers and installers that they deploy nationwide.

The following information outlines the criteria put in place by the Small Business Administration to be considered for the Entrepreneurial Success Award won by IncrediTek.

Entrpreneurial Success Award:
Individuals meeting the following two criteria may be nominated: They must own and operate businesses initially launched as small businesses according to SBA size standards and subsequently developed into large businesses; and they must have received SBA assistance to help the businesses grow.

Evaluation Criteria:

  1. Staying power — a substantiated history as an established business; including:
    • Number of years in business.
    • Sustained expansion, addition of territories, growth in square footage occupied.
    • Steady growth in net worth as evidenced by total assets less total liabilities on fiscal year end annual balance sheets over three years.
  2. Growth in number of employees — a benchmark to judge the impact of the business on the job market.
    • Sustained over a minimum of three years.
    • Increase over the three years must be in excesses of growth in Gross National Product.
  3. Increase in sales and/or unit volume — an indication of continued growth over the last three years.
    • Consistent growth in net income as evidenced by fiscal year annual profit-and-loss statements for a minimum of three years.
  4. Current and past financial performance — financial reports substantiate an improved financial position
    • Profit-and-loss statements for the last three years, reflecting sustained upward growth.
    • Balance sheets for the last three years, showing consistent increase in net worth and/or partners’ return.
  5. SBA Assistance – documentation of the type(s) and amount(s) of SBA assistance received by the business and the year(s) in which they were received.
  6. Innovativeness of product or service offered — an illustration of the creativity and imagination of the nominee.
    • Specific description of uniqueness of product or service.
    • Explanation of how product or service fits a niche not being adequately addressed by the competition.
  7. Response to adversity — examples of problems faced in the nominee’s business and the methods used to solve them, including:
    • Specific description of financial, physical, legal or other crisis.
    • Substantiation of the threat to the continuity of the business.
    • Defined actions taken by the nominee to resolve the crisis.
  8. Contributions to community-oriented projects — evidence of the use of his/her personal time and resources, including:
    • Listing of specific contributions of money, time, or resources to charitable causes.
    • Membership in council’s, boards and clubs providing support and services to the community.