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1-800-HOSTING.COM COMPLETES FIRST ROUND OF FINANCING Proceeds to Be Used to Expand Sales and Marketing Campaign |
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DALLAS, Texas-1-800-HOSTING.com, Inc., a provider of Web hosting services to small-to-medium sized businesses, today announced the completion of its first round of financing. The investment was led by a number of prestigious private investors. 1-800-HOSTING.com plans to utilize the funds to expand their sales and marketing efforts.
1-800-HOSTING.com offers a full range of Web hosting services, including Web site design, e-commerce, search engine/directory promotion and audio/video streaming. The company currently hosts approximately 6,000 domains from all over the world.
The private investor group includes: Michael Ovitz, Chairman, Lynx Technology Group; Gil Maurer, Director, Wit Capital; Roy Bostock, Chairman and CEO, The McManus Group, Inc.; Gary L. Wilson, Chairman, Northwest Airlines; Richard Nanula, Chairman and CEO, BroadBand Sports, Inc.; Larry Murphy, Chairman and Founder of The Lawrence P. Murphy Company, LLC, former Director of Strategic Planning, The Walt Disney Company; Richard C. Blum, Chairman, Blum Capital Partners; Frederic V. Malek, Chairman, Thayer Capital Partners and Gretchen Shugart, President, eMedia Capital, LLC.
"We are extremely pleased to secure the support of this elite group of investors as we grow to meet the increasing demand for cost-effective, customized Web hosting services among small-to-medium sized businesses," said Mitch Gervis, co-CEO and co-founder.
"Most small businesses have now realized that the Internet can level the playing field against larger competitors, and with our own state-of-the-art Network Operations Center, we are able to provide the full spectrum of secure Web hosting services backed by superior customer service."
"We saw the value of getting the right people behind us from the start, and we are pleased to benefit from their counsel and support as we continue to grow the business." said Derek Wilson, co-CEO and co-founder. "We plan to use the funds to increase our marketing efforts and expand our scope. With a growing client base, the support of a powerful group of private investors, and a strong business plan, we expect to scale the business quickly and to become a leading Web hosting provider for small-to-medium sized businesses throughout the world."
John Cunningham, CTO and co-founder, said "Within the Web hosting industry for small-to-medium sized businesses, there is a tremendous void in cost-effective comprehensive, quality customer service. Accordingly, we view customer service and reliability as central to our efforts to grow the business, and with our own Network Operations Center, we are better able to provide a superior level of service."
1-800-HOSTING.com's state-of-the-art Network Operations Center retains the latest in Internet equipment in a 10,000 square foot climate controlled building. The company maintains both redundant power and high speed Internet access for insurance against outages that can cause Web site downtime.
The company's customized consultation provides clients with a variety of Web hosting solutions with flexible plans that can include Web promotion and expert Web site design by the 1-800-HOSTING.com Web designers. For customers who have no skills in programming, HTML coding, or designing an effective Web site, the Web Page Lite package allows customers to present their information with professionally pre-designed templates that maintain the polished look of an experienced site creator.
For more information please refer to 1-800-HOSTING.com's Web site located at www.1-800-hosting.com. |
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