HMS Honored as one of Louisville's Top 50 Fastest-Growing Privately Owned Companies

(NEW ALBANY, Ind.) December 8, 2008 – Hornblower Marine Services (HMS) is excited to announce it has been named the sixteenth fastest growing company in Business First of Louisville’s Greater Louisville’s Fastest-Growing Privately Held Companies publication.

Companies are picked based on growth determined by their previous three-year operating sales history. Each company must average at least $1 million in annual revenue for their three most recent fiscal years with the top 50 companies displaying the biggest percentage of revenue growth over the last two years making the list.

“Our company’s growth was fueled by the shift in transportation from cars and airplanes to ferries,” said John Waggoner, Chief Executive Officer of Hornblower Marine Services. “We were able to grow at an average rate of 78% over the past three years in a slowing economy because, as fuel prices increased, consumer demand shifted towards a less expensive form of transportation. Additionally, ferries give passengers an enjoyable and stress-free commute without the hassles of freeways.”

HMS manages and operates vessels in Hawaii, Alabama, Florida, Delaware, Oklahoma, Washington, Japan and has most recently acquired a four-boat operation in the Caribbean country of Trinidad, which is set to begin December 18, 2008.