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Chicago, IL: January 21, 2010: If fans of SingleHop recall, the full-service managed hosting provider marked the success of its third quarter by doing a sky-dive at an altitude of 14,000 feet. We haven't decided yet how to mark the success of our fourth quarter and full-year progress for 2009, but we are working on it. Once the first signs of spring emerge here in the windy city, we will find a fun and crazy way to celebrate. And cause for celebration there is. For the fourth quarter ended December 31st, SingleHop generated revenues of $1.88 million, representing a 16% increase over the third quarter of 2009. Revenues increased 99% over the fourth quarter of 2008, yielding an annualized run rate of $8.4 million. For the full-year, the company-generated revenues of $6.1 million, a 185% increase over 2008. Other achievements for the full-year include:
• An increase in EBITDA over 2008 of 1,222%.
• Over $300,000 investment in network upgrades
• Release of on-demand firewall, SnapShield
• Release of dedicated server rescue system, Server bailout mode
Among the highlights for 2009 were the opening of SingleHop's second data center and the release of SingleHop.mobi. The data center facility has top of the line specifications in redundancy, security, connectivity, and cooling systems. The facilities' power, UPS system, and HVAC systems are rated at a minimum of N+2, which means that for each system there are two independent backups that ensure ongoing functionality were the original system to fail. The data center is located at DuPont Fabros Technology, Inc's (NYSE:DFT) facility in Elk Grove Village, IL — one of the most technologically advanced facilities anywhere in the world. SingleHop.mobi, specifically for the iPhone, is the market's most robust, feature-rich remote webhosting control panel. This application allows SingleHop's customers to reboot servers, view bandwidth graphics, submit standard and priority tickets, manage billing, view server details and more – all from their iPhones.
The year 2009 also brought a number of industry honors and recognition for SingleHop, from such leading sources as HostReview and Netcraft. These include:
• #1 Fastest-Growing WebHosting Company, September 2009 (HostReview)
• Top 10 Managed Hosting Provider, August 2009 (HostReview)
• Top 10 Managed Hosting Provider, September 2009 (HostReview)
• #1 Most Reliable Webhost, October 2009 (Netcraft)
• Top 10 Managed Hosting Provider of the Year (HostReview)
“SingleHop had an incredible 2009 and we are especially proud that a focus on efficiency and innovation drove our positive EBIDTA and cash flow positions without having to sell equity or increase our debt. Quarter after quarter in 2009, the firm showed consistently strong and stable growth, and invested heavily on behalf of its customers and its continued future growth”, says Zak Boca, President and CEO of SingleHop.
About SingleHop, Inc.
SingleHop, Inc., is a full-service managed dedicated hosting provider that was founded on the principal of providing reliable, cost-effective, dedicated servers. The company was founded by Zak Boca and Dan Ushman in 2006 and currently hosts thousands of websites from around the world. SingleHop competitors include: SoftLayer, ThePlanet, FastServers, and RackSpace. The cornerstone of SingleHop's managed hosting is the a la Carte Server Management Program, which is a full-array of transparent management services designed and tested to allow business customers to tailor their level of support to their needs or expertise. www.singlehop.com
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