May, 2002 : Profitability, Positive Cash Flow Continue for NetNation

📅 May 13, 2002 - Vancouver-based Web hosting firm NetNation Communications (NetNation.com -> hostway.com) today announced its fifth consecutive profitable quarter.

Net earnings for the quarter were $214,321 (US), compared to net earnings of $18,060 or net earnings per share for the same period in 2001.
Revenues for the quarter were $1,686,431 (US), compared to $1,574,786 for the same quarter of 2001, marking an increase of seven per cent.
In its quarterly report filing, NetNation said the lager revenues were due to the increase in the number of Web sites it hosted and continued growth in the domain name registration segment of its business. DomainPeople, the company's domain name registration wing, is an ICANN-accredited registrar.
"The introduction of the .info and .biz domain names in the second half of 2001 and the introduction of the .name domain names in 2002 have contributed to the growth in domain name registration revenues," the company said.
Shares in NetNation closed at $1.16 Friday.

Reads: 1162 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/net051302.cfm

Company: NetNation [netnation.com -> hostway.com]

Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Related news

📅 Jun 4, 2001 - NetNation Teams With Intranets.com To Offer Online Collaboration Tools - Web hosting company and domain name registrar NetNation Communications (NetNation.com -> hostway.com) today announced a partnership to offer enterprise-quality intranets to clients through an agreement with Intranets.com, the world's largest provider of Web-based intranets. NetNation hosting clients and resellers will be offered advertising-free intranets under three different umbrellas: corporate users, small businesses, and organizations. The agreement sees Intranets.com offering users a number of advanced applications, including document sharing, communication tools, management tools, expense report applications and wireless access. "Intranets.com's subscription-based revenue

📅 Jun 14, 2001 - NetNation Signs Agreement With Dominion Information Services - Hosting company NetNation Communications, Inc. (NetNation.com -> hostway.com), today announced a strategic alliance with Dominion Information Services, a part of the Verizon family. NetNation, through its wholly-owned subsidiary, DomainPeople, Inc., will be providing Top Level Domains (TLDs) to Dominion Information Services (dominioninfo.com), a firm geared toward the promotion and sales of Directory Advertising and New Media business solutions. TLDs ".com", ".net", ".org" and ".ca" will be offered at a new Dominion web site (to be launched at a later date) through DomainPeople's co-branded package. DomainPeople's Partner Branded (domainpeople.com/partnerbranded.cfm) program will all

📅 Jul 13, 2001 - NetNation Becomes Microsoft Certified Partner - NetNation Communications, Inc (netnation.com -> hostway.com), an international player in the web hosting and domain name registration business, yesterday announced its membership in the Microsoft Certified Partner Program. "Being a Microsoft Certified Partner is a reflection of our excellence in providing hosting solutions based on Microsoft technologies," said Spencer Rasmussen, Manager of NetNation's Systems Group. "Through this certification, our current and prospective clients will be further assured of our expertise in providing first-rate hosting solutions. Our highly experienced engineers specialize in Microsoft technologies, ranging in complexity from simple static web sites to dyn

📅 Aug 1, 2001 - NetNation Provides Registration Services for Hush - NetNation Communications, Inc. (netnation.com -> hostway.com), an international web hosting and domain name registration company, yesterday announced an expanded relationship with Hush Communications (hush.com), a leading global provider of managed security solutions and encryption key-serving technology. NetNation became a leading Hush affiliate by providing domain name registration services from its wholly-owned subsidiary, DomainPeople, (domainpeople.com ) as part of its overall HushIdentity (hushidentity.com). Hush and DomainPeople have agreed to a revenue-sharing agreement and client-sharing program designed for HushIdentity customers. Any client adopting HushIdentity will b

📅 Aug 20, 2001 - NetNation, Verado Receive Staff Determination Letters From Nasdaq - NetNation Communications, Inc. (netnation.com -> hostway.com), a hosting and dedicated service provider, announced last week that it has received a Nasdaq Staff Determination dated Aug. 16, 2001 indicating that the company fails to comply with the minimum $35,000,000 common stock market capitalization required for continued listing as set forth in Nasdaq Marketplace Rule 4310(2)(B)(ii), and that its securities are, therefore, subject to delisting from the Nasdaq SmallCap Market at the opening of business on Aug. 24, 2001 unless it appeals this determination. The company intends to file an appeal and request a hearing before a Nasdaq Listing Qualifications Panel to review the Staff