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CBaySystems Selected to Receive Deloitte's 2008 Maryland Technology Fast 50 Award

Monday, October 6, 2008 General News
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ANNAPOLIS, Md., Oct. 6 CBaySystems and Services, Inc. hasbeen named for a fifth straight year to Deloitte's prestigious Technology Fast50 Program for Maryland, a ranking of the 50 fastest growing technology,media, telecommunications, and life sciences companies in Maryland, byDeloitte & Touche USA LLP, one of the nation's leading professional servicesorganizations. Rankings are based on the percentage revenue growth over fiveyears from 2002-2007. This year's Maryland Technology Fast 50 program ispresented by Deloitte and sponsored by WilmerHale, NASDAQ, and SmartCEO.
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CBaySystems President Christopher Foley credits the company's 239% revenuegrowth to "our dedicated and committed staff of professionals that workdiligently every day to ensure we deliver a high quality, timely service thatour clients have come to expect". Foley adds, "we're constantly looking fornew ways to deliver a World-class Advantage, and we're proud that ourcommitment continues to be rewarded."
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CBaySystems' increase in revenues of 239% from 2002 to 2008 resulted in a23rd place ranking in the Technology Fast 50 for Maryland.

To qualify for the Technology Fast 50, companies must have had operatingrevenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquarteredin Maryland, and either own proprietary technology or intellectual propertythat contributes to a significant portion of the company's operating revenues,or devote a significant proportion of revenues to the research and developmentof technology. Using other companies' technology or intellectual property in aunique way does not qualify.

Companies from the 16 regional Technology Fast 50 programs in the UnitedStates and Canada are automatically entered in Deloitte's Technology Fast 500program, which ranks North America's top 500 fastest growing technology,media, telecommunications and life sciences companies. For more information onDeloitte's Technology Fast 50 or Technology Fast 500 programs, please visithttp://www.fast500.com .

About CBaySystems

CBaySystems is a leading provider of medical transcription and healthcaretechnologies to large hospitals, healthcare networks, and physician practicesthroughout the United States. The company utilizes secure Internettechnologies combined with its global-based delivery model to deliver itsservice and product offerings to healthcare providers.

Since inception in 1998, CBaySystems has been acknowledged by some of theindustry's leading publications and ratings institutions, including Forbes.com-- Ten to Watch, Healthcare Informatics 100, Deloitte Technology Fast 500, andInc. Magazine -- One of the Fastest Growing Companies in America.

CBay is headquartered in Annapolis, MD.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a SwissVerein, its member firms and their respective subsidiaries and affiliates. Asa Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of itsmember firms has any liability for each other's acts or omissions. Each of themember firms is a separate and independent legal entity operating under thenames "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or otherrelated names. Services are provided by the member firms or their subsidiariesor affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte ToucheTohmatsu. In the US, services are provided by the subsidiaries of Deloitte &Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, DeloitteFinancial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), andnot by Deloitte & Touche USA LLP.For additional information, please contact: Stacey Cassidy Director of Marketing 410.940.6900 x 3195 [email protected]

SOURCE CBaySystems and Services, Inc.
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