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HostWorks 2001 First Quarter Posts Gains in Earnings, Contracts

 

(DENVER, CO)- Web applications provider HostWorks Inc. announced substantial financial and sales increases for the first quarter of 2001 compared to the first quarter of 2000. HostWorks’ financial performance accelerated with a 55% net income growth over first quarter 2000 while expenses grew only 14%, reflecting tight controls on spending. Gross sales posted a 48% gain. HostWorks also retained 95% of its staff.

HostWorks’ corporate profile continued to rise as the company was also recognized in several local and national publications. HostWorks’ higher profile resulted in several new clients signing with the company in the first quarter 2001.  All major managed services segments grew substantially; HostWorks’ hosting services were recognized in the Denver Business Journal as one of Colorado’s Top 25 ISPs. In addition, over twenty new clients signed extensive managed services contracts in the first quarter.

HostWorks was featured in the March 2001 issue of Colorado Biz and the November 13, 2000 issue of eWeek for its efforts on behalf of Gates Rubber Company www.gates.com. HostWorks provides extensive managed services including design, hosting and maintenance; the Gates site was ranked No. 31 of 500 for successfully meshing its Internet b2b efforts with its corporate business plan. HostWorks also provided corporate sponsorship and support to the 10th Annual Cavallino Classic in Palm Beach, Florida in January, increasing its national exposure.

HostWorks is a five year old privately held company.

 



 
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