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Momentum to Expand Internet Data Centre
23 December 2006 Momentum Advanced Solutions Inc. (TSX: WWW), "Momentum", a leader in the emerging world of Internet outsourcing, announced today that it will increase capacity at its Internet Data Centre and expand its network operations centre in Markham, Ontario.
In order to meet increasing market demand for its Managed Services, Momentum has begun construction on building-out an additional 2,500 sq. ft. of raised floor while also adding two additional GigE Internet circuits. The additional high capacity GigE Internet circuits have been provisioned to ensure maximum network performance for both current and future customers.
Momentum has been able to take full advantage of the current build by designing the new environment to accommodate the ever increasing power and cooling requirements associated with the latest, high density blade based technology.
Momentum's unique Internet outsourcing model provides organizations with a single point of accountability in the design, delivery and operation of their mission critical web-based applications and infrastructure. The model encourages customers to focus on their core business processes while allowing the Momentum team of Internet experts to fully manage their web properties from innovation through to operations. As a result of this model, Momentum has been able to demonstrate 35% year-over-year revenue growth in its Managed Service line of business and is currently serving nearly 100 unique customers.
"Momentum has a clear vision; to be a leader in the emerging world of Internet outsourcing", stated Sheldon Pollack, CEO of Momentum. "We firmly believe that customers are looking for an expert organization that will manage their entire Internet value chain from innovation and thought leadership, right through to secure data centre operations".
About Momentum Advanced Solutions Inc.
Momentum is a leader in the emerging world of Internet outsourcing. Momentum's Internet outsourcing solutions provide our customers with the Innovation, Integration and Operations expertise required to allow them to successfully reduce costs and/or improve productivity by outsourcing to us any or all of their mission critical web-based applications and Managed Internet infrastructure. Headquartered in Markham, Ontario the Company has offices in Ottawa, Windsor and Toronto. Momentum Advanced Solutions is publicly traded on the Toronto Stock Exchange and trades under the symbol "WWW".
Forward Looking Statement
Investors should take note that certain statements in this press release are forward-looking and may not give full weight to all of the potential risks and uncertainties. These forward-looking statements include statements that are subject to risks and uncertainties. Forward-looking statements are subject by their nature to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the forward-looking statements. Any forward-looking statements speak only as of the date made. The company is not undertaking to update any information in the foregoing reports until the effective date of its future reports required by the securities laws.
Contacts: Momentum Advanced Solutions Inc. Sheldon Pollack Chief Executive Officer (905) 709-6825 Email: Sheldon.Pollack@Momentum.com
Momentum Advanced Solutions Inc. Daren Selfe Chief Financial Officer (905) 709-6800 Email: Daren.Selfe@Momentum.com Website: www.momentum.com
SOURCE: Momentum Advanced Solutions Inc.
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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