Maui Wowi Fresh Hawaiian Blends Ranks 219 On The 2003 Inc. 500 With Five-year Sales Growth Of 779%

DENVER, CO (Wednesday, October 01, 2003) - Inc. Magazine, the premier publication for small and medium-sized businesses, today released its 23rd annual Inc. 500 ranking of the fastest-growing private companies in the country. Maui Wowi Fresh Hawaiian Blends, the leading franchisor of Hawaiian Blend gourmet, all-natural refreshments sold at kiosks nationwide, ranks 219 on the list, with five-year sales growth of 779%. The Inc. 500 Special Issue will appear on newsstands October 14 and will be on display until January 2004.

"It is an amazing honor to be recognized by such a prestigious company as Inc Magazine," said Michael Haith, CEO of Maui Wowi. "Our company's continued success and growth is a result of our high-quality products, motivated franchise owners, and our consistent response to consumer demand."

The companies that made this list have thrived through continued stagnation in the economy, posting an average five-year sales growth of 1,312%. With aggregate revenue of $14.4 billion, Inc. 500 companies are a formidable market force. And while the United States shed 1.5 million jobs in 2002, Inc. 500 companies - half of which were launched with less than $20,000 - provided employment for 67,973 people.

"The entrepreneurs you'll find on the Inc. 500 have the type of attitude we need to get this economy moving again," said Inc. editor-in-chief John Koten. "For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition."

The Inc. 500 ranks privately held companies according to sales growth over the past five years. With 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward.

To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.

About Maui Wowi

Maui Wowi® is best known for its signature South Pacific style kiosks and gourmet, all-natural refreshments. Their gourmet Fresh Hawaiian Blends include a line of fresh fruit smoothies (an all-natural blend of fresh fruit, non-fat yogurt) as well as Island Coffee; espressos, cappuccinos, lattes, mochas and hot chocolate, and Smoothie Rip-SticksÔ; all natural, fat-free, squeeze-ups made up of all fruit and yogurt. Maui Wowi is sold at locations nationwide, with 286 units operating in 41 states and Puerto Rico. Maui Wowi was rated number 38 in the category of fastest growing franchises on the Entrepreneur Magazine "Franchise 500" list.

About Inc Magazine

Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small-to-medium size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting edge coverage that reflects our readers' energy, brashness and imagination.

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