(Vancouver, B.C. – September 25, 2008)  Corinex Communications Corp. is ranked among the Deloitte Technology Fast 50, a ranking of the 50 fastest growing companies in Canada, based on the percentage of revenue growth over five years. Corinex’s increase in revenues of 3,595 percent from $1.227 million to $45.410 million from 2003 to 2007 resulted in a sixth ranking.

For over a decade, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50 augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.

“What’s most noticeable in the 11 years since we launched the Deloitte Technology Fast 50 awards is the overall caliber of Canadian management teams,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “They are executing growth strategies with strong business acumen and in a much more capital efficient and resourceful way than many of their U.S. peers, and as a result, many of the top 15-ranked Technology Fast 50 companies will likely rank within the Deloitte North American Technology Fast 500 Ranking.”

Corinex’s CEO Peter Sobotka, credits the Corinex team and increased awareness of Powerline networking with the company’s 3,595 percent revenue growth. Sobotka said, “Corinex is proud to be recognized as one of the elite companies in the Deloitte Technology Fast 50 for Canada. This honor serves not only as recognition for the company and all employees worldwide, but also for the entire Powerline industry.”

“Canadian technology companies have some of the highest revenue growth in North America, while playing in some of the world’s largest, most competitive and exciting market sectors,” explains Ruffolo. “Outstanding companies such as Corinex demonstrate the incredible business acumen and entrepreneurial spirit that fuel the Canadian technology industry.”

To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluates and judges companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50

The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four district categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology 50 candidate), Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15 Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth’s resources in industrial production and consumption). Program sponsors include Deloitte, Gowlings, GrowthWorks, RBC Capital Markets, Wellington Financial, Stonewood Group, CATAAlliance and IGLOO.