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Magnetic CEO Named as Finalist in "Ultimate CEO" Awards

TAMPA, Fla. - (May 12, 2008) - Magnetic CEO Ken Bakunas has been named a finalist in the Tampa Bay Business Journal's inaugural Ultimate CEO Awards.

"It is an honor to be considered one of the region's ultimate CEOs, particularly given the caliber of leadership within the Tampa Bay business community," said Bakunas, who founded the full-service Web development firm in 1997. "I credit the dedication to excellence and innovation that is shared by the entire Magnetic team for this recognition, as they are truly the driving force behind everything we have accomplished."

Finalists for the Ultimate CEO Award were selected based on leadership, personal vision and community involvement. Bakunas is one of seven finalists in the Small Private Companies category. Winners will be announced on May 29, 2008.

"Ken's leadership, drive and commitment to excellence have been instrumental in Magnetic's success," said Jennifer Bakunas, President, Magnetic. "Since launching the firm 11 years ago, Ken has remained true to his original vision for Magnetic. His passion is an inspiration, as is his commitment to bettering our community and advancing the economic development of the Tampa Bay region."

This is just the latest in a string of awards for Bakunas and Magnetic. He was named the 2007 CEO of the Year by Tampa Bay CEO Magazine and the firm was selected as one of the "Best Places to Work" by the Business Journal for the third consecutive year.

Magnetic was named the 2007 Small Business of the Year in the 21-50 employee category by the Greater Tampa Chamber of Commerce, and was a finalist for the Business Journal's 2007 Business of the Year Award.

Industry recognitions include the 2007 Interactive Media Awards™ (IMA) Outstanding Achievement Award in the Pharmaceutical category and three Shopping Standard of Excellence WebAwards from the Web Marketing Association.

About Magnetic
Based in Tampa, Fla., Magnetic is a full-service Web development company that helps businesses reach their full web potential through strategic consulting, Web design, e-commerce, database integration, content management, systems integration, Web marketing, and Web hosting. Founded in 1997, and celebrating its 10th anniversary, Magnetic offers both business and technical expertise to help medium- to large-size businesses achieve greater profitability and sales through the Internet. For more information, please visit www.magnetic.com.

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