Coast Spas Manufacturing, Inc. Achieves Platinum Club Status
Langley, British Columbia – February 12, 2007 – Inspired leadership, impressive growth, profitability, and industry-leading business practices have earned Coast Spas Manufacturing Inc. membership in Canada’s 50 Best Managed Companies Platinum Club, one of this country’s most elite business designations. Coast Spas is one of only 44 Canadian companies to be recognized with this prestigious status. This national award is sponsored by Deloitte, CIBC Commercial Banking, National Post and Queen’s School of Business.
"The 2006 Best Managed winners are an outstanding group of Canadian-owned and managed companies that have proven their remarkable ability and commitment to apply best practices to all areas of business operations,” explained John Hughes, Partner, Private Company Services group with Deloitte. “The companies clearly demonstrate innovation, leadership and a laser focus on their customers and employees. Their example illustrates that focusing on business fundamentals while pursuing a clearly defined strategy is key to achieving exceptional results.”
Coast Spas Manufacturing Inc. achieved platinum member status with Canada’s 50 Best Managed companies program by retaining their Best Managed designation for more than six consecutive years.
“Why was Coast Spa named one of Canada’s 50 Best Managed Companies? Passion for change, innovation in applying leading business practices, and an ability to motivate employees were among the many characteristics that distinguished Coast Spas” explained John Hughes, Partner Private Company Services group with Deloitte, a national sponsor of the Best Managed program.
“It is a thrill to receive this special award” said Don Elkington, President and C.E.O of Coast Spas Manufacturing Incorporated. “I am very proud of Coast Spas' achievements, which were only possible with the hard work and dedication of our largest asset, our employees.”
About Canada’s Best Managed Companies
Established in 1993, Canada's 50 Best Managed Companies (Best Managed) is one of the country’s leading business awards program, recognizing excellence in Canadian-owned and managed companies with revenues over $10 million. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices. The awards are granted on three levels: 1) Best Managed winner (one of the 50 new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years.) Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and Queen's School of Business. For further information, visit www.canadas50best.com.
About Coast Spas
Coast Spas is the industry leader in the design and manufacturer of innovative luxury hot tubs. The company is best known for its efforts to build leading market-driven hot tubs such as the Cascade (patent pending) negative edge spa, the Mirage Home Theatre Spa with retractable LCD screen and DVD player, The BOSS wireless remote command center and the Soundwaves™ Series spas featuring Sony® MP3/CD/AM/FM sound systems.
Founded by professional hot tub retailers to meet the needs of an ever demanding industry, Coast Spas has grown to be one of the largest and most respected hot tub manufacturers in the world today. The Langley, British Columbia headquartered company has a world wide dealer network of over 200 Dealers and exports hot tubs to over 24 countries.
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For further information, please contact:
Don Elkington
Coast Spas
604-514-8111
don@coastspas.com
www.coastspas.com
