Bel Fuse Recognized by Business 2.0 Magazine as One of the 100 Fastest Growing Tech Companies
May 25, 2006
JERSEY CITY, NEW JERSEY, May 25, 2006 . . . BEL FUSE INC. (NASDAQ:BELFA) & (NASDAQ:BELFB) today announced it has been recognized in the June 2006 issue of Business 2.0 Magazine as one of the "100 Fastest Growing Tech Companies" in 2006. Bel was ranked 55th on the publication's annual list based on its three-year annualized growth in revenue, earnings, cash flow and stock price.
"The Business 2.0 list is comprised of the fastest growing tech companies in the business services, electronics, manufacturing, medical, military, retail, software and telecom sectors. Among these 100 fastest growing companies, Bel's 34% revenue growth was ranked 40th, our 81% earnings growth rate was ranked 48th and our 76% operating cash flow growth rate was ranked 35th. We are delighted that Business 2.0 Magazine recognized Bel's strong three-year growth achievements and highlighted the increasing sales of Bel's DC-DC converter and connector products," said Daniel Bernstein, President and CEO of Bel Fuse.
About Bel
Bel (www.belfuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high speed data transmission, and consumer electronics. Products include magnetics (discrete components, power transformers and MagJack®s), modules (DC-DC converters, integrated analog front end modules and custom designs), circuit protection (miniature, micro and surface mount fuses) and interconnect devices (passive jacks, plugs and cable assemblies). The Company operates facilities around the world.
* * * * *
#4146
Bel Fuse Inc.
206 Van Vorst Street
Jersey City, NJ 07302
tel 201.432.0463
fax 201.432.9542
Investor Contact:
Neil Berkman Associates
(310) 277-5162
Company Contact:
Daniel Bernstein
President