Press Release

August 25, 2010 - Central Payment (www.cpay.com) today was named one of the fastest growing companies in the United States by Inc. magazine in the publication’s 29th annual listing.

Central Payment, founded in 2006 by twin brothers Matthew and Zachary Hyman, was recognized for having achieved an annualized growth rate of 976% in the past three years. Revenue for 2009 was $47.2 million. 

The national transaction card processor was ranked No. 18 among financial services companies and debuted at No. 309 on list of the 500 fastest growing companies.

“By delivering a superior product over time, we have moved into a class of national companies that outperform their competitors,” said Matthew Hyman.  “Our employees and our sales partners are dedicated to creating an industry leader and attaining the Inc. 500 is a recognition of those efforts,” he said.

Among companies who have achieved Inc. 500 status in the past are Microsoft, Zappos, Intuit, GoDaddy, Zipcar and Oracle.  Inc. magazine in its announcement of the annual rankings said, “The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs.”

“Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous,” said Inc. editor Jane Berentson. “The Inc. 500 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times.”

In order to qualify for the Inc. 500, companies must provide audited sales figures for the last three years and have had annual revenues in excess of $2 million in 2008.

About Central Payment Corporation

Central Payment (“CPAY”) is a leading national provider of transaction processing services.  As one of the fastest growing payment processors in the country, CPAY provides innovative electronic technology solutions, personal service and competitive pricing to more than 35,000 businesses across the country. It annually processes in excess of $2.5 billion in transactions.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology.