THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Friday, March 8, 1996 TAG: 9603080706
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
SOURCE: STAFF REPORT
DATELINE: VIRGINIA BEACH LENGTH: Medium: 61 lines
New Dominion Pictures Inc., a Virginia Beach producer of TV documentary series, tops a new list compiled by Virginia Business magazine of the fastest-growing small companies in Virginia.
New Dominion's revenue growth rate of 23,433 percent between 1992 and 1994 was by far the fastest of any of the companies on the ``Fantastic 50'' list in the March issue of the magazine. It reported 1994 revenues of $3.53 million.
Fifteen other Hampton Roads companies also made the 50-company list.
Tom Naughton, New Dominion's founder and chief executive, said his company's best-known series, ``Archaeology,'' will conclude its five-year run on The Learning Channel this season. But he said New Dominion already has won a contract to produce another documentary series for that cable network. He declined to name the series.
New Dominion also landed a contract to produce another documentary series, on dinosaurs, for another cable network, Naughton noted. He declined to name that network. New Dominion has 25 employees at its Oceanfront location.
Naughton founded the company in 1989, increasing its revenues from about $15,000 in 1992 to $3.5 million in 1994. The 41-year-old executive started his career in television as a graphic artist and spent three years creating shows for public television in New York before moving to Virginia Beach.
Other Hampton Roads companies on the Virginia Business top 50 list:
No. 6, College & University Computers, Williamsburg. Retailing.
No. 7, Impaq Computers, Virginia Beach. Systems integration.
No. 10, Information Technology Solutions, Hampton. Information management.
No. 13, Management Systems Applications, Chesapeake. Computer services.
No. 18, Suffolk Iron Works, Suffolk. Metal fabrication.
No. 19, NKL Industries, Chesapeake. Safes, security doors.
No. 22, Williamsburg Winery, Williamsburg. Wine.
No. 23, Clark Nexsen, Norfolk. Architects, engineers.
No. 24, Coastal Video Communications, Virginia Beach. Multimedia training.
No. 25, S3, Virginia Beach. Computer integration.
No. 33, Green Spring, Lightfoot. Specialty food sales.
No. 35, Unidyne, Norfolk. Defense contracting.
No. 41, Norfolk Holding, Norfolk. Warehousing.
No. 46, Ad-Ventures Advertising, Virginia Beach. Advertising.
No. 49, F.H. Gaskins, Norfolk. Marine equipment. ILLUSTRATION: Graphic
THE FANTASTIC 50
[For complete graphic, please see microfilm]
Color photo
Tom Naughton, above, is the founder of New Dominion Pictures, which
produces TV documentaries. It ranks No. 1 in Virginia Business
magazine.
by CNB