To: James Sinclair who wrote (2215 ) 1/27/1999 1:34:00 PM From: James Sinclair Respond to of 2882
Navidec Inc. (Nasdaq: NVDC) I've got a 50% gain in this one in about 2 weeks, and it looks like it could run some more: 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