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MYTHIC ENTERTAINMENT RANKED #36 IN THE INC. 500

Dark Age of Camelot Creators Only Game Developer and Publisher

to Make List of America’s Fastest Growing Private Companies

 

FAIRFAX, VAOctober 14, 2003 – Mythic Entertainment, developer and publisher of the award-winning massively multiplayer online game Dark Age of Camelot, announced today that it has been ranked number 36 in Inc. Magazine’s 23rd annual ranking of the fastest-growing private companies in America, due to a five-year sales growth of 3,198%. The Inc. 500 Special Issue will appear on newsstands October 14 and will be on display until January 2004.

 

“We are extremely proud of our high rank in the Inc. 500, and attribute our achievement to the ongoing international success of Dark Age of Camelot,” said Mark Jacobs, president and CEO of Mythic Entertainment. “This month marks the two-year anniversary of the launch of Dark Age of Camelot, and we are committed to constantly improving the compelling gameplay and industry-standard customer service that have made the game a huge success. The new expansion Trials of Atlantis, shipping later this month, will only strengthen our online community, as gamers come together to explore never-before-seen areas of Camelot.”

 

To be eligible for this year’s Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.

 

About the Inc. 500

The Inc. 500 ranks privately held companies according to sales growth over the past five years.  With 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, Princeton Review, Morningstar, E* Trade, Intuit and Domino’s Pizza all appearing on the list before they became industry powerhouses.

 

California leads this year as the state with the most Inc. 500 companies (59), Texas is second with 36 firms on the list, followed by Florida (34) and Virginia (30).  Maryland and New York are tied with 28 each.

 

The top metropolitan areas on the Inc. 500 are Washington, D.C. (41 companies), followed by Boston (23), Philadelphia (21), Dallas (19) and Chicago (14).  New York City, with only 12, is down from 37 a year ago.

 

Inc. 500 is proof that tenacious businesspeople can succeed without the benefit of substantial resources. Of the Inc. 500 founders: 48% had start-up capital of less than $20,000, while only 2% received funding from Venture Capital firms. Now, 78% have an estimated net worth of over $1 million. Most Inc. 500 founders jumped right into their businesses; 84% started companies without benefit of any formal research. Also of note, is that 12% of Inc. 500 company founders are women.

 

About Mythic Entertainment

Mythic Entertainment is one of the most successful online game developers in the industry today. Credited with 13 online games, including the award winning Dark Age of Camelot, Mythic has played a major part in the evolution of the online game industry. The company’s other titles are some of the most popular online-only games of all time, including Aliens Online, Starship Troopers: Battlespace, Godzilla Online, Silent Death Online, Rolemaster: Magestorm, Darkness Falls, Splatterball and Dragon’s Gate. In 2003, Mythic was ranked 36 in Inc. 500. Mythic was also named one of Deloitte & Touche’s national “Technology Fast 500” companies and regional “Technology Fast 50” companies for the past two years. For more information about Mythic Entertainment, visit www.mythicentertainment.com.

 

About Inc. Magazine

Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small-to-medium size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting edge coverage that reflects our readers’ energy, brashness and imagination.

 

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