Holey Soles Named Number One Top Emerging Growth Company By PROFIT HOT 50

December 05, 2006
Written by Canadian Garden Centre & Nursery
Holey Soles is pleased to announce that the company has been ranked the number one position on the seventh annual 2006 PROFIT HOT 50 for its incredible growth. PROFIT HOT 50 is a definitive ranking of young Canadian companies.
Holey Soles is pleased to announce that the company has been ranked the number one position on the seventh annual 2006 PROFIT HOT 50 for its incredible growth. PROFIT HOT 50 is a definitive ranking of young Canadian companies.

Holey Soles, a Vancouver-based lifestyle product company, is best known for its comfortable line of footwear. In 2004, Holey Soles’ annual revenue stood at $60,000. By 2005, revenues were just under $4 million and the projection for 2007 is that Holey Soles will increase another three-fold.
Holey Soles President and CEO Joyce Groote attributes the speedy growth to ‘being in the right place at the right time’ but those who work with her know that Holey Soles’ success is largely a result of Groote’s vision, wisdom, energy and determination.  “It feels truly amazing to be recognized by Profit Magazine as part of the illustrious group of Canadian entrepreneurs,” says Groote.  “Our success and growth has enabled Holey Soles to pull together a highly committed team of professionals that will catapult our company into the next generation of new exciting products.”

Holey Soles is a world leader using injection foam molding to create comfortable, wearable shoes; over the next few years they will increase their global presence by using this technology as the basis for a new generation of lifestyle products that are comfortable, functional, stylish and affordable.

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