Business magazine lauds packaging company

Packsize International has  announced that the company holds position No. 60 on the Forbes magazine's  list of America's Most Promising Companies. This list features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners, and precious investment capital.

Reflecting on his company's progress to date, Packsize CEO and founder Hanko Kiessner commented: "Nine years ago, for the first time in history, our customers could make their own boxes without investing their precious capital into equipment, maintenance, and programming. Five years later, we introduced our award-winning business model in Europe.

Today, the Packsize business model is emerging as a new industry: On Demand Packaging. This sustainable approach to packaging reduces the world's shipping volume for millions of e-commerce customers by roughly 40 percent. Forbes' recognition reflects our progress on many fronts and of the contributions of our entire Packsize team, whom I'm tremendously proud to represent."

Packsize resolves inventory and shipping complexities through the ability to create a custom-sized box for every product a company ships. This efficient, cost-effective, and just-in-time system of packaging machines increases total savings by an average of 35 percent. A leading sustainable business practice, this custom packaging solution results in less waste, lower shipping costs, decreased damage rates, and increased customer satisfaction.

"Sizing up younger, privately held companies is hard: their fortunes can change very quickly and there's a dearth of public data," says Forbes Executive Editor Brett Nelson. "We took a more comprehensive approach to evaluate their health and potential."

To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. Their complex software called Mosaic mines a myriad of more - online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company's health. Forbes married Mosaic's data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete the list, please visit http://www.forbes.com/ampc.