(September 19, 2003) - MQSoftware, Inc. has been named to the Deloitte & Touche Minnesota Fast 50, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in revenues over five years. MQSoftware ranked number 10 on the list for 2003 with 1042% growth. MQSofware has been on the list for the last three years and was number 7 in 2002 and ranked number 1 in 2001.

"In today's economy, (double or triple-digit) percentage growth is an exceptional accomplishment," said Ron Hafner, a partner at Deloitte & Touche. "We commend MQSoftware for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor MQSoftware as a Deloitte & Touche Technology Fast 50 winner."

"We are very pleased to be recognized by the Fast 50 for the third consecutive year," said Bill Cecchi, president and chief executive officer at MQSoftware, Inc. "This award is recognition of the value that our customers place on our products and services as well as a direct reflection of the talents and immense contributions of our dedicated employees."

To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1 million in 2002; must be public or private companies headquartered in Minnesota; and must be "technology companies" defined as companies that own proprietary technology or devote a high percentage of effort to the research and development of technology.