Forbes Ranks Transcend #6 Among the 200 Best Small Companies in America

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ATLANTA--(BUSINESS WIRE)--TRANSCEND SERVICES, INC. (NASDAQ: TRCR - News), a leading provider of medical transcription service to healthcare organizations, today announced that it was ranked one of the 200 best small companies in America by Forbes.

Transcend was ranked #6 in the 2009 report, which can be found online at www.forbes.com/200best. The rankings are based on one and five-year sales growth, earnings per share growth and return on equity. To qualify, companies must have annual revenue of between $5 million and $750 million and meet certain share price and other criteria. The company was ranked #19 in the 2008 report.

“We are pleased to be recognized for the second consecutive year by Forbes,” said Larry Gerdes, Chief Executive Officer of Transcend. “Healthcare is an evolving industry which provides tremendous opportunities for companies to excel. Interestingly, four of the top ten companies on this year’s list serve the healthcare industry. Our financial success is dependent on our ability to consistently deliver high quality medical transcription services to our customers. Transcend is fortunate to have a wonderful group of highly skilled medical language specialists supported by a seasoned team of professionals. It is their collective passion for our customers, sense of urgency and focus on quality that drives our success.”

About Transcend Services, Inc.

Transcend believes that accurate, reliable and timely transcription creates the foundation for the patient medical record. To this end, the Company has created Internet-based, speech-recognition enabled, voice-to-text systems that allow its skilled medical language specialists to securely and quickly produce the highest quality medical documents. The Company’s wide range of transcription and editing services encompass everything needed to securely receive, type, edit, format and distribute electronic copies of physician-dictated medical documents, from overflow projects to complete transcription outsourcing.

For more information, visit http://www.transcendservices.com.

This press release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that represent our expectations, anticipations or beliefs about future events, including our operating results, financial condition, liquidity, expenditures, and compliance with legal and regulatory requirements. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially depending on a variety of important factors. Factors that might cause or contribute to such differences include, but are not limited to, competitive pressures, loss of significant customers, the mix of revenue, changes in pricing policies, delays in revenue recognition, lower-than-expected demand for the Company's products and services, business conditions in the integrated health care delivery network market, general economic conditions, and the risk factors detailed in our periodic, quarterly and annual reports on Forms 8-K, 10-Q and 10-K that we file with the Securities Exchange Commission (“SEC”) from time to time. With respect to such forward-looking statements, we claim protection under the Private Securities Litigation Reform Act of 1995. Our SEC filings are available from us, and also may be examined at public reference facilities maintained by the SEC or, to the extent filed via EDGAR, accessed through the website of the SEC (http://www.sec.gov). In addition, factors that we are not currently aware of could harm our future operating results. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to make any revisions to the forward-looking statements or to reflect events or circumstances after the date of this press release.

Transcend Services, Inc.
Neil Berkman, 310-826-5051
Investor Relations
nberkman@berkmanassoc.com
or
Larry Gerdes, 678-808-0600
Chief Executive Officer
larry.gerdes@trcr.com
or
Lance Cornell, 678-808-0600
Chief Financial Officer
lance.cornell@trcr.com