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Web Provider HostWorks Announces Second Quarter 2001 Results

 

(DENVER, CO  August 3, 2001)- Web applications provider HostWorks Inc. announced strong and stable financial increases for the second quarter of 2001 compared to the first quarter of 2000. HostWorks’ financial performance paced a 60% revenue growth over first quarter 2000, while year-to-date revenues increased 52% from the same period last year. HostWorks’ Emergency Rescue Services and Managed Services packages were cited as key elements in HostWorks’ performance.

  “The 2001 second quarter certainly challenged many providers in the Internet sector, particularly hosting companies, but HostWorks has flourished and continued to attract and retain customers because of our commitment to customer satisfaction,” commented Thomas A. Stocker, HostWorks’ Chief Operating Officer. “That’s reflected in the popularity and demand for our Emergency Rescue Service which Experian tapped into, and our advanced Managed Services which the Colorado Lottery selected.”

HostWorks’ stability during the Internet fallout has created a higher corporate profile for the five year old company.  All major web applications and managed services segments grew substantially; HostWorks’ hosting services were recognized in the Denver Business Journal as one of Colorado’s Top 25 ISPs.

 HostWorks President and Chief Executive Officer Paul Gilpatrick reflected that HostWorks’ staying power is partly due to “keeping our corporate focus throughout the past five years, maintaining our core business plan. Our clients appreciate that we maintain HostWorks’ level of service and breadth of support”, continues Gilpatrick. 

 HostWorks was named as the Ninth Fastest Growing Private Small Company by the Denver Business Journal, and was included in the DBJ’s January 2001 Top 25 ISP List. HostWorks was also named to the 2001 Who’s Who in Technology edition. HostWorks’ web applications development for Gates Rubber Company was ranked No. 31 of 500 in the eWeek Best Business-to-Business Applications list in November 2000.

 HostWorks is a five year old privately held company.

 



 
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