August 3, 2015
HONG KONG, 3 August 2015 - Advanced Card Systems Holdings Ltd. (“ACS”; SEHK: 8210), Asia Pacific's leading supplier and one of the world's top three vendors of PC-linked smart card readers, has been honoured as one of Forbes Asia’s Best Under a Billion companies in 2015. This is the third time that ACS has been included in the list, while ACS was also included in the 2010 and 2014 lists.
The unranked list comprises the 200 top-performing companies among 17,000 of Asia Pacific’s publicly-listed companies, with revenues between USD5 million and USD1 billion. Performance was measured by the average return on investments over the latest five-year period, in addition to the requirement of consistent growth, modest level of debts and sufficient trading volume. Candidates must also be free from major legal issues and must not have engaged in dubious accounting or management practices. ACS is privileged to be one of only two companies from Hong Kong’s technology sector.
“We are excited to be chosen as one of Forbes Asia’s Best Under a Billion companies for two consecutive years among the fierce competition. Over the past years, we have seen encouraging growth of the Company with record-high revenues posted in the past three years,” says Ms. Tsui Kam Ling, Chairman of ACS. “As a resilient player in the dynamic global market, we are glad to witness the Company celebrating its 20th anniversary this year. This accolade acknowledges our efforts over the past 20 years, and it will spur us to go the extra mile in pursuit of excellence.”
About Advanced Card Systems Holdings Ltd.
Founded in 1995, ACS is Asia Pacific's leading supplier and one of the world's top three vendors of PC-linked smart card readers. ACS, together with its subsidiaries was a winner of the Asia Pacific Product Quality Leadership Award for Smart Card Readers from Frost & Sullivan in 2009. In 2010, 2014 and 2015, ACS was included within Forbes Asia's “Best Under a Billion", an inter-industry selection comprising the 200 top-performing publicly listed companies in Asia Pacific, with sales between US$5 million and US$1 billion. ACS develops a wide range of high quality smart card reading/writing devices, smart cards and related products and distributes these products in more than 100 countries worldwide. Visit ACS at http://www.acs.com.hk.