Newport News, VA – On April 28, 2011 the Virginia Chamber of Commerce honored Spectrum, by presenting the company with the Fantastic 50 Award for 2011 at the Chamber’s 2011 Fantastic 50 Banquet held on April 28, 2011 at the Westfields Marriott in Chantilly, VA. This is the fourth year that Spectrum has received this mark of distinction. In addition, Spectrum placed number eighteen on the list. The Fantastic 50 Award recognizes 50 of the fastest growing companies in Virginia for their achievement in the business arena as well as the vital role that they play in ensuring that Virginia’s economy remains exuberant.

Virginia Chamber of Commerce Barry DuVal said, “These growing companies are proof positive that optimism is very much alive in Virginia’s business community. Small businesses are the economic engine of the Virginia economy, creating jobs necessary to revitalize the Commonwealth’s economy following the recent worldwide financial crisis.”

The Fantastic 50 Award was accepted by Jeff Wassmer, President and CEO, on behalf of Spectrum at the Chamber’s sixteenth annual Fantastic 50 Banquet. Also in attendance were Ralph Wade, Chief Strategy Officer and Vice President of National Capital Region, Serdar Gokcen, Vice President of Business Development, Alan Paolucci, Assistant Vice President and Director of Integrated Solutions & Research, JoAnn Jacques, Assistant Vice President and Director of Envision Labs, Lester Calahan, Deputy Director of Operations and Sustainment, Larissa Heller, Director of Corporate Services, David Burley, Staff Attorney, Jennifer Thomas, Human Resources Manager, Crystal Clark, Contracts Administrator and Bradley Jones, Multimedia Designer and Training Specialist.

Jeff Wassmer, President and CEO stated, “The Fantastic 50 Award is a tremendous accomplishment for us as a company. We are privileged to continue to experience exponential growth as we embark on new opportunities in other markets. Like so many other companies we too have faced challenges as we continue to grapple with economic setbacks and government in-sourcing. We have formulated a strategic plan that will ensure that we remain a fast growing company in ways that will help us attain our goals, with our ethics and values being an integral part of our decision making process. As Spectrum continues to grow, we strive to ensure that we remain focused on the vision that Spectrum was founded upon, in order to ensure that our employee-owners remain a prominent factor in the decisions that we make each and every day. Our goal is to make Spectrum a viable large business in the government contracting industry, and we believe that we have an elite Spectrum team that will provide stellar support as we move forward into the future.”

The recipients of the Fantastic 50 Award were selected statewide from local chambers development organizations, small business development centers and through the sponsors’ networks. Companies could also nominate themselves. To be eligible, companies were required to be privately held, with headquarters in Virginia, and to show sales between $200,000 and $100 million. They were judged on a four-year sales revenue history. Verification of all award entries was conducted by the accounting firm of Dixon Hughes Goodman LLP.

Spectrum is a veteran-owned business that serves the Department of Defense and federal agencies. The company specializes in providing the National and DoD intelligence community with innovative, realistic and affordable solutions in technology. Spectrum also provides full system support from assessment to certification and takes great pride in exceeding client expectations.