Word of the Day

Exchange-Traded Fund

In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.

Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will rise and fall in value pretty much the same amount as the Dow or S&P.

You can also buy ETFs that invest in other types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few years, so there is no shortage of ETFs to invest in.

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Wednesday, August 20, 2008

NextAce(R) Ranks No. 488 on the 2008 Inc. 500 With Three-Year Sales Growth of 642.4%

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NEW YORK, Aug 20, 2008 /PRNewswire via COMTEX/ ----Inc. magazine today ranked NextAce 488th on its 27th annual Inc. 500 list of the fastest-growing private companies in the U.S. The list is the most comprehensive look at the most important segment of the economy -- America's independent-minded entrepreneurs. Companies such as Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, American Apparel, Oracle and hundreds of other powerhouses gained early exposure as members of the Inc. 500.

"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growing companies in the nation -- the ones coming up with solutions to some of our knottiest problems, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."

NextAce, a Business Process Optimization (BPO) company, provides automated software applications that benefit the title insurance, mortgage, and real-estate industries. An average of over 4% of the title orders opened nationwide on any given day, as many as one every 12 seconds, are processed through NextAce's Title EDGE(R) automation environment with nearly 750,000 orders processed since 2005.

Title EDGE utilizes its patent-pending Patterned Data Extraction (PDE) technology to complete an automated search and preliminary examination on a wide variety of title and foreclosure products. This allows the title company to deliver completed title commitments to the lender and consumer in as little as one hour, reducing a process that typically takes between two and five days. Through their utilization of Title EDGE, NextAce estimates that its customers have saved over $32 million dollars in staff reductions and decreased production costs.

NextAce co-founder and CEO, Don Cantral said, "To be recognized by Inc. is an honor, as well as a statement of validation for what we set out to achieve." He continued, "And, to be recognized as the 18th fastest growing real-estate related company during the greatest market upheaval since the Great Depression is further confirmation that we're being embraced by the market."

The 2008 Inc. 500, as revealed in the September issue of Inc. magazine (on newsstands August 26 - September 30), reported aggregate revenue of $13.7 billion and median three-year growth of 1,046%. Total sales for Inc. 500 companies were 14 percent below last year's combined revenue of $16 billion; still, it was a stellar year for many companies. Not only did sales for this year's top 50 growers outstrip those of last year's top 50 by $541 million, but this year's fastest 50 also boasted a staggering 47 percent jump in average three-year growth from last year's top of the class. Additionally, the 2008 Inc. 500 companies were engines of job growth, having created more than 51,414 jobs since those companies were founded.

Complete information on this year's Inc. 500, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at http://www.inc5000.com.

About NextAce

NextAce Corporation is a privately held technology company that provides business process optimization services primarily to the title insurance, mortgage lender, and real-estate industries. Its Title EDGE process was established to assist title companies in streamlining the production of title reports and commitments and is used by title companies servicing 182 counties in 18 states. Additional information on NextAce can be found online at http://www.nextace.com.

About Inc. magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (http://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 724,110, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

SOURCE NextAce Corporation

http://www.nextace.com

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