Filnet Reports Best Q1 Ever, Strong Q2; Increased Revenue Attributed to New Commercial and Government Projects.ALEXANDRIA, Va. -- Today Filnet, a data integrity and information technology (IT) firm, reports a strong start to its fiscal year. The firm's first quarter (Q1) revenues for 2006 are up 76.1% from the same period in 2005. Moreover, the company's second quarter (Q2), which ends June 30, is expected to see a 102% improvement over last year. Filnet's fiscal year starts January 1 and ends December 31. "Filnet has entered its 10th anniversary on track to be its best year ever," says Filnet President/CEO Chris J. Baltazar. "In fact, Filnet recently secured a large project from a well known commercial firm, and we have brought on new staff to accommodate our growth in the government sector." Mr. Baltazar explains that for "competitive reasons" he could not reveal the name of Filnet's new, high profile client. Instead, he remarks on the upcoming year and how Filnet plans to grow its data quality services, which is powered by Trillium trillium or wake-robin (trĭl`ēəm), any plant of the large genus Trillium, attractive spring wildflowers of the family Liliaceae (lily family), native to North America and E Asia. Software(R). "Filnet has had encouraging feedback from our government clients regarding the comprehensive records cleansing applications of Trillium for their agencies," said Mr. Baltazar. "All indicators show significant growth of our quality data offerings in government throughout 2006 and 2007." On the heels of ten successful years of doing business as "Filnet, Inc.," the company has also announced on its website plans to change its name. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company's leadership team, the rebranding signals Filnet's transformation from a web design company to a full service IT firm. "Filnet will always be a great web development company," reflects Mr. Baltazar. "But we want everyone to experience what our clients have come to know. We are much more and plan to position our company as such under a new name, which will be revealed later in the year." Filnet is a certified See certification. SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government 8(a) business that provides data integration, web applications and web development services for government and commercial enterprises. Privately owned and operated, the firm also offers full-lifecycle development and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , IT staff augmentation AUGMENTATION, old English law. The name of a court erected by Henry VIII., which was invested with the power of determining suits and controversies relating to monasteries and abbey lands. , web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and online training products. Filnet has ranked 14th in Deloitte's Virginia Fast 50 and ranked nationally in the Fast 500. Filnet is on the web at www.filnetinc.com. |
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