TORONTO, June 16, 2014 /CNW/ -- Spirit of Math Schools, a leading math enrichment program, ranked 323 among all industries in the 26th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies.
Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 500 profiles the country's most successful growth companies. A joint venture between Canada's premier business brands, the PROFIT 500 is published in the July issue of Canadian Business and online at PROFITguide.com.
Spirit of Math achieved its 2014 ranking on the prestigious list with a five-year revenue growth of 154%.
Kim Langen, Chief Executive Officer of Spirit of Math Schools credits its immense growth on its distinctive teaching methodology and proprietary curriculum that focuses on strong math fundamentals paired with creative problem solving. The Spirit of Math after-school program was designed specifically for high performing students, and now with books available for any level of student, all students are benefiting from this Canadian-made phenomena. Combine that with intensive teacher training, such as what is being done with the Winnipeg School Division, and you have a winning formula. "People are truly excited when they experience something that is meaningful", says Langen, "that is why parents, students and corporate professionals from around the world are asking for more."
This is a company to keep a close eye on, especially with expansion plans into the USA. What makes this even more interesting is that SMS spends less than 2% of total sales on marketing, which points to the fact that this phenomenal growth is driven by parental referrals due to the success of thousands of students over 25 years.
"The members of the PROFIT 500 are the elite of the country's entrepreneurial community," says James Cowan, Editor-in-Chief of Canadian Business and PROFIT. "Their stories are lessons in business strategy, innovation, management excellence and sheer tenacity."
About PROFIT Magazine and PROFITguide.com
PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 32 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com .
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a readership of more than 800,000, it is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business—what leadership looks like.
About Spirit of Math Schools
Spirit of Math Schools is Canada's largest after school enrichment program exclusively for high performing students in grades 1 to 11. It is not a tutoring program, but a program developed to challenge students with a B+ or higher average. Students attend a 1½-hour class each week taught by university-educated, professional teachers throughout the school year. For over 25 years, Spirit of Math students and alumni have been achieving outstanding results. They consistently dominate the national mathematics honour rolls of Canada and have earned scholarships to the top Universities including Harvard, MIT, Oxford and Waterloo. Spirit of Math has 35 campuses across Canada and a successful pilot location in New Jersey, USA. Visit spiritofmath.com
Marketing Manager, Spirit of Math Schools
(416) 223-1985 ext. 126
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SOURCE Spirit of Math Schools