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HostWorks Reports Third Quarter Results

 

(DENVER, CO October 12, 2001)- Web applications provider HostWorks Inc. announced today that its key business indicators showed positive momentum and strength as the six year old Internet products company closed out its third quarter. 


"We continue to gain momentum and market share" , said Thomas A. Stocker, HostWorks' C.O.O. " In third quarter of 2001 our revenues were up 11% from the third quarter in 2000, while our net income for the same period increased 82% from the same period in 2000. Our fiscal year-to-date revenue increased 34% over last year' s period." Noting that competition in the Internet services sector has thinned in a difficult economic climate, Stocker mentioned HostWorks' successful Emergency Rescue Service campaign as a key component in third quarter growth.

" We added over a dozen clients just from our Emergency Rescue Campaign in this quarter. Clearly, our message about HostWorks' experience and durability are making an impact" added Paul Gilpatrick, HostWorks' President and owner. "Our  StoreWorks shopping cart module is making an impact with cost-conscious e-retailers. We offer vendors a well priced, pre-packaged module that is cost effective and supports multiple sales and reporting needs", he added. 

Gilpatrick also noted that tight management controls on capital spending and increased product and managed hosting sales and were major factors in the strong report.

Beginning its sixth year, HostWorks is a Denver-based privately held company with over 200 clients in twenty-two states. HostWorks provides business-to-business and business-to-retail web applications, products and services. HostWorks was listed by the Denver Business Journal as the ninth fastest growing private small company in 2001. 

 



 
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