As Nation Anticipates Census Data Revealing New
Language Groups, ISI Translation Services
Reports Revenue Growth, Expands Employee Base
by 20 Percent
Company Gathering Momentum as U.S. Need for Language Services Expands, Amid Legislative
Mandates, 2010 Census Data
NAIFA Annual Convention and Career Conference 2010
July 26, 2010 06:08 AM Eastern Daylight Time
LOS ANGELES--(EON: Enhanced Online News)--Even before the 2010 U.S. Census confirms it, one Los
Angeles company’s consistent growth throughout the recession reveals an increasing need for language services,
especially for companies in the healthcare and financial services sectors.
ISI Translation Services (www.ISITrans.com) today announced that its revenues have increased over last year and
the company is staffing up, expanding its professional team by 20 percent and making some key executive changes –
to meet the ever-increasing demand for translation services from companies that need to comply with federal or state
mandates, or want to expand their potential customer base and increase operational efficiencies.
Translation and interpretation services is the fourth fastest-growing industry in the United States, according to
AnythingResearch’s Top Industries of 2010 study. Independent market research company Common Sense
Advisory predicts that the language services market will reach $25 billion by 2013.
One reason for the industry’s recession-defying growth is an increase in legislation requiring that healthcare and
financial information – like mortgage paperwork – be translated into the consumer’s primary language.
California Assembly Bill 1160, which was signed into law by Governor Arnold Schwarzenegger in 2009, requires
banks to provide a good faith mortgage estimate in Spanish, Chinese, Tagalog, Vietnamese or Korean if loan terms
were negotiated verbally or in writing in any of those languages. Lenders have to comply by October 1, 2010.
Another proposed law in California is Senate Bill 1390, which would require that certa