01/26 13:07 Navidec's Internet Development and E-Commerce Business Up More
Than <NVDC.O>
Navidec's Internet Development and E-Commerce
Business Up More Than 250 Percent
DENVER, Jan. 26 /PRNewswire/ -- Navidec Inc. (Nasdaq: NVDC), one of the
nation's leading E-commerce and Internet developers, today announced its
NetSolutions Group's monthly billings rose sharply in 1998 to more than
$1.25 million in development and systems-architecture projects for the month
of December.
In recent months, Navidec's NetSolutions Group greatly expanded its
client-base with projects including an E-commerce business-to-business
invoicing web site for Columbine JDS and enterprise-level Java solution and
training for Colorado Springs Utility Commission. These and other projects
mark the explosive revenue growth being experienced in this facet of Navidec's
business, which became profitable in August.
"This milestone speaks to Navidec's increasing reputation as a prominent
force in Internet and E-commerce development," said Ralph Armijo, president
and CEO of Navidec. "While most Internet developers struggle to operate in
the black, Navidec's business model allows us to create world-class Internet
solutions profitably and also continue expanding our successful online
automotive solutions."
A great deal of Navidec's increased success and reputation in Java
enterprise development is attributed to the company's status as a Sun
Microsystems Authorized Java Center. With fewer than 90 Authorized Java
Centers worldwide and only two in the Rocky Mountain Region, this elite status
and the growth and success of the company's online automotive solutions
catapulted the company to the forefront of successful Internet developers.
Navidec Inc., based in Englewood, Colorado, is a leading national provider
of products and solutions that use web-based technologies to achieve its
customers' business objectives. From commercial web site development to the
design and implementation of intranet and extranet applications and tools,
Navidec helps customers develop successful online solutions. Navidec's
premier vertical market focus is on the automotive industry with its
USWheels.com, CBS.CarWizard.com, CarWizard.com and LeaseSource.com web sites.
Navidec partners with Bank One and regional media outlets to produce
USWheels.com web sites in markets nationwide. The company's web site address
is www.navidec.com.
All statements in this press release, other than historical facts, are
forward looking statements. These statements are based on certain assumptions
and analyses made by Navidec in light of its experience and its perception of
historical trends, current conditions, expected future developments and other
factors it believes are appropriate in the circumstance. Such statements are
subject to a number of risks and uncertainties, including general and economic
business conditions competitive services and pricing, new service development,
and the delivery of services under existing contracts. Those filings are
available online at www.sec.gov.
SOURCE Navidec Inc.
-0- 01/26/99
/CONTACT: Andrea Pearson or Andy Mountain of Navidec Inc., 800-797-7565;
or Len Turano of TKO International, 303-850-7896/
/Web site: sec.gov
/Web site: navidec.com
-- LATU070 --
1470 01/26/99 12:52 EST prnewswire.com
Copyright PR Newswire 1998. All rights reserved. |
