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Saturday, July 05, 2008

Meatloaf and Guidepoint


We were given a unique award the other day from one of our investors, a private equity firm called Plymouth Management Company. PMC named us their first-ever “Coup de Ville” award winner, which represents their best- performing portfolio company over the past year based on the following attributes:

1. Exceptional leadership by the management team.
2. Exceptional performance to the business plan, including revenue growth, profitability, and positive cash flow.
3. Exceptional increase in shareholder value.
4. Exceptional performance by supporting roles such as the Board, professional advisors, and banking partners.

Here's what our CEO, Rand Mueller, had to say: “It’s an honor to be recognized for our business performance in what’s been a very chaotic market. We’ve been able to overcome many challenges in the past few years – from the sluggish new-car business to the rapidly changing telecommunication landscape – by sticking to our model, which is based on delivering unique, useful and cost-competitive services. Congratulations are due to our employees, customers, suppliers and financial partners – who all have contributed to Guidepoint's success."

As background, the “Coupe deVille Award” was inspired by the words of rock star Meat Loaf in his famous ballad “Two out of Three Ain’t Bad”, where he gave the following advice to listeners (and venture capitalists):

You’ll never find your gold on a sandy beach
You’ll never drill for oil on a city street
I know you’re looking for a ruby in a mountain of rocks
But there ain’t no Coupe deVille hiding at the bottom of a Cracker Jack box

PMC CEO Mark Horne commented: “In reviewing numerous business plans each year, PMC certainly sees its share of empty Cracker Jack boxes, but quite often we do find a Coupe deVille. Guidepoint certainly represents what we look for when investing for our fund, and has delivered on its potential. We are very proud of Rand and his team.”

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