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March 13, 2002 — (WEB HOST INDUSTRY REVIEW) — NeoSpire, Inc. (neospire.net), a provider of Internet
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infrastructure managed services, has announced that 2001 revenues grew by
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more than 50% over 2000. Also, cashflow grew by more than 50% over last
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year’s cashflow, allowing NeoSpire to reach a cashflow positive position
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August 2001, the company said.
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“These increases in a recessionary environment reflect NeoSpire’s reputation
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in the market place for its value proposition and its commitment to customer
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service.” Said Derek Wilson, CEO and co-founder. “This past year was
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extremely challenging for all business but especially for our industry. Our
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growth rate shows us that businesses place a high value in using Web-based
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applications for increasing revenue, improving efficiency and taking care of
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their customers.”
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“I am very proud of our team in that we were able to increase sequential
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revenue growth while cutting operating expenses,” said Mitch Gervis,
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president. “In a very difficulty environment we were able to bring on some
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very substantial enterprise customers including CellularOne, the United Way,
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Brann Forbes and Xerox to name a few. At the same time, we were able to
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increase our differentiation in the industry by enhancing our expertise in
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managing the J2EE environment, developing robust disaster recovery solutions
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and putting in place our STAR customer support procedures. For the rest of
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the year, we feel that the business environment is improving and we expect
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continued sequential revenue growth and cashflow increases.”
