Cyberplex
Inc. is reporting record revenue for 1998. Their 1998 revenue
of $9,538,858 is more than triple the $ 3,147,011 logged in 1997.
The Internet services company has tripled revenue every year since 1996
while remaining profitable. “We are extremely pleased with our growth,” said
Geoffrey Rotstein, the company’s chief financial officer.
“This growth in any industry is impressive. And to have achieved these
significant gains without sacrificing profitability shows that our business
approach to the Internet works.”
Cyberplex’s revenue for 1998 represented a 303 percent increase over 1997.
At the same time, the company tripled its staff to more than 160, and
expanded production centers to Halifax and Montreal.
“We’re very proud that our business strategy and our team have made us a
leader in this competitive industry,” said CEO Dean Hopkins.
According to Cyberplex, large and complex Web server solutions require very
sophisticated expertise in database design, network engineering, and
Internet-based application development, which fewer and fewer companies are
capable of delivering.
Hopkins said he was pleased that Cyberplex continues to meet and exceed its
financial targets.
“We believe in solid growth based on our proven business
model. Now, we’re poised to make a significant move into the U.S. market and
continue to aggressively grow the company in 1999,” he said.