"These increases in a recessionary environment reflect NeoSpire's reputation in the market place for its value proposition and its commitment to customer service." Said Derek Wilson, CEO and co-founder. "This past year was extremely challenging for all business but especially for our industry. Our growth rate shows us that businesses place a high value in using Web-based applications for increasing revenue, improving efficiency and taking care of their customers."

"I am very proud of our team in that we were able to increase sequential revenue growth while cutting operating expenses," said Mitch Gervis, president. "In a very difficulty environment we were able to bring on some very substantial enterprise customers including CellularOne, the United Way, Brann Forbes and Xerox to name a few. At the same time, we were able to increase our differentiation in the industry by enhancing our expertise in managing the J2EE environment, developing robust disaster recovery solutions and putting in place our STAR customer support procedures. For the rest of the year, we feel that the business environment is improving and we expect continued sequential revenue growth and cashflow increases."