Aug 12, 2009
MonaVie Hits Inc. Magazine Top 500 List: 1st in Food and Beverage, No. 3 in Revenue
Inc. magazine announced its 28th annual Inc. 500 ranking of the fastest-growing private companies in the United States. With over 27 million businesses registered in the United States, the Inc. 500 list represents the top-tier businesses in America today. MonaVie topped the charts, reigning in at No. 1 in the Inc. 500 Food & Beverage category, No. 3 in Revenue, and No. 18 on the overall Inc. 500 list.
"This achievement puts MonaVie in rarified company," says Jane Berentson, Editor of Inc. magazine. "The elite group MonaVie recently joined has, over the years, included companies such as Microsoft, Timberland, Intuit, Jamba Juice, Oracle, and Under Armour."
The Inc. 500 list will appear in the September edition of Inc. magazine, along with a special interview with MonaVie Founder, Chairman, and CEO, Dallin A. Larsen.
"When Henry Marsh, Randy Larsen, and I sat down at a kitchen table back in 2004 and literally dreamed up MonaVie from our hearts and minds, we knew we wanted to create a global business with a spirit of abundance and giving back," says MonaVie Founder, Chairman, and CEO Dallin A. Larsen. "Being named to this list—and ranking number one in our Food and Beverage Category—is a testament to dreaming big and working hard. In a short four and a half years, we have built a company that has generated what is quickly approaching $2 billion in cumulative sales. We are now perfectly positioned to expand around the world as well as throughout the United States. Considering that many other successful direct selling companies are thirty and forty years old and older, reminds me that at MonaVie, we are still in the infancy stage of our business. I believe our momentum will continue for the next several decades."
About the Inc. 500/5000 list
The 2009 Inc. 500/5000 list measures revenue growth from 2005 through 2008. To qualify, companies must have been founded, and must be generating revenue, by the first week of 2005, and be U.S.-based, privately held, and independent—not subsidiaries or divisions of other companies. The companies of the Inc. 500 represent the top tier of the Inc. 5000, which can be found on Inc.com.