Charles River Associates Named to Forbes 200 Best Small Companies List
Second Consecutive Appearance for Boston-based Consulting Firm
BOSTON, October 25, 2000 Charles River Associates Incorporated (NASDAQ: CRAI), a leading provider of economic and regulatory consulting services, has been named the 53rd best small company in the Forbes 200 Best Small Companies list. This is the second consecutive year CRA has made the list.
"CRA is honored to be included in the Forbes 200 Best Small Companies for 2000, our second consecutive listing," stated President and Chief Executive Officer James C. Burrows. "We are executing our growth strategy as we expand our business geographically and focus on new market opportunities. We continue to deliver the highest level of customer service to our customers through our innovative consulting approach, which combines advanced analytical techniques and deep industry knowledge."
The Forbes 200 Best Small Companies index is compiled annually for the first November issue. The list is comprised of the 200 best small companies according to 12-month revenue growth, which must be above 10 percent for consideration, as well as 5-year return on equity, 12-month earnings per share growth, and market value.
Founded in 1965, CRA is a leading provider of sophisticated economic and financial consulting services, expert testimony and litigation support, and business consulting. The firms areas of expertise include auctions, antitrust, mergers and acquisitions, policy impact assessments, corporate finance, strategy and business operations, and regulatory economics. CRA has advised legal and corporate clients, government agencies, and other organizations in thousands of engagements. In addition to its corporate headquarters in Boston and international offices in London, Mexico City, and Toronto, CRA also has U.S. offices in Washington, DC, Los Angeles, Palo Alto, Berkeley/Oakland, and Salt Lake City. More information about the Company can be found on its Web site at www.crai.com.
Statements in this press release concerning CRAs expectation that the acquisition will be accretive or its ability to expand geographically and pursue additional growth opportunities in the Midwest and West are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on managements current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain, and actual performance and results may differ materially. Such factors that could cause actual results to differ materially from any forward-looking statements made by the Company include, among others, its ability to successfully integrate or profitably manage this acquisition and the associated new personnel, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, intense competition, and professional liability. Further information on factors that could affect the Companys financial results is included in the Companys filings with the Securities and Exchange Commission.