CARMEL, Ind. (September 12, 2005) – Performance Assessment Network, Inc. (“pan®”), the world leader in online assessment and talent management systems, today announced that it has received top ranking in the Indianapolis Business Journal’s annual list of the fastest-growing privately held companies, ranked by revenue growth over a three-year period.

“We are honored to achieve the highest growth ranking in a list of remarkable growth leaders in Indiana,” stated pan CEO David T. Pfenninger, Ph.D. “This acknowledgement by one of the leading business publications in the Midwest reflects the dedication of the entire pan team. I especially want to recognize pan CFO Doug Cole and Chief Science Officer Reid Klion and our other senior management staff. Through their efforts, pan specialists are able to excel in a competitive environment by delivering innovative Web-based solutions and consistently positive customer experiences.”

Since founding pan in 2000, the company has grown rapidly, even during the economic slowdown. pan helps its clients automate the hiring process, drive down costs, minimize turnover, and create a higher caliber workforce. Today, pan’s secure, automated systems provide for the administration and delivery of professional assessment and testing instruments for organizations worldwide

The company, which now has over 80 employees, continues to be at the forefront of technology used to manage assessment programs. pan owns and manages Vita, a Web-based talent management solution that supports complex, high-volume selection systems internationally, including programs for major U.S. government departments. pan also manages hundreds of proctored assessment centers for high-stakes testing, and in the education market, poet (pan online educational testing), is advancing web-based test administration standards.

Dr. Pfenninger was named a 2005 Ernst & Young Entrepreneur of the Year Award Winner in the Technology category for the Great Lakes Region, and is a finalist for the national award. pan is profiled in the September 12 issue of the Indianapolis Business Journal.

About pan

Performance Assessment Network, Inc. (pan) is the leading provider of Internet-based testing and assessment solutions, with over 12,000 corporate, government, and education users internationally. pan administers millions of tests, assessments, and surveys annually. Closely held pan is based in Carmel, Ind. For more information, visit www.panpowered.com .


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Media Contacts:

Jeff Dahltorp
Performance Assessment Network, Inc. (pan)
317/566-3270

Adrienne Turner
The Devon Group
Adrienne@devonpr.com
732/542-2000 ext. 18