Ranked #45 in PROFIT Magazine's 24th Annual PROFIT 200 Ranking
TORONTO, June 5, 2012 - Pioneering Technology Corp. of Mississauga, Ontario (TSX-V: PTE; OTC BB: PTEFF), ("Pioneering") an energy smart product innovation and consumer goods company and the leader in helping prevent the number one cause of household fire in North America has been ranked #45 in the 24th annual PROFIT 200 ranking of Canada's Fastest-Growing Companies.
Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies. Published in the summer issue of PROFIT magazine and online at PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.
This is the second consecutive year that Pioneering has been recognized by PROFIT. Pioneering has grown 3,501% over the five-year period and 996% as per the parameters of the PROFIT 200 ranking. Historically a product innovation incubator, Pioneering began commercializing some of its proprietary product innovations in 2007. Today Pioneering has evolved into an energy smart product innovation and consumer goods company that engineers and brings to market meaningful product solutions for everyday consumer products making them safer, smarter and more efficient.
"Recognition from the leading entrepreneurial magazine in Canada is extremely gratifying for our employees, our partners, our distributors and those key influencers around the world who have helped champion our product solutions because they make a difference, helping save lives, energy and money," said Pioneering CEO Kevin Callahan.
"The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage. The PROFIT 200 companies are an inspiration to Canadian entrepreneurs and would-be-entrepreneurs. PROFIT is proud to celebrate the success of these businesspeople, who, despite a challenging economy, have achieved outstanding success in a wide variety of fields. ," says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine.
About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 30 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.
About Pioneering Technology Corporation:
Pioneering is an "Energy Smart" product innovation company based in Mississauga, Ontario, that engineers and brings to market energy smart solutions for consumer products making them safer, smarter and/or more efficient. The patented and patent pending Safe-T-element(R) cooking system is engineered to help prevent stove top cooking fires, the number one cause of fire in North America, and to reduce the amount of electricity required to cook. The patented and patent pending Safe-T-sensor is designed to detect burning conditions in microwave ovens shutting it off before it causes a fire or triggers a fire alarm. Pioneering trademarks include Safe-T-element(R), Safe-T-Sensor(TM), Powergrill(TM), Battery Eliminator(R), Powerpak(TM) and the Hydro-free Furnace Fan(TM). For more information visit: www.pioneeringtech.com.
For Further Information please contact:
Kevin Callahan, President and CEO of Pioneering at (905) 712-2061 ext. 222.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of the Company with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.
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