RagingWire Achieves Sustainable Profitability

RagingWire Enterprise Solutions, Inc. (www.ragingwire.com) today announced it achieved sustainable profitability in September 2004. RES has averaged 126 percent fiscal year-over-year revenue growth in its initial 3½ years of business operations.

"Reaching profitability is a testament to RES' solid business model, our strong focus on quality customer service, and commitment to delivering total, end-to-end solutions that fit our clients' unique business environments," said George Macricostas, CEO of RES.

The privately held company provides highly custom and flexible IT solutions to Fortune 500 and Fortune 1000 clients like NVIDIA® Corporation, Flextronics International, and Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Inc.

The milestone is the result of revenue generated from a host of IT managed services that enable RES' customers to increase efficiency, lower operating costs, and focus on their core business objectives.

"Mounting price pressures and increased competition in the marketplace make it too risky for top management to consider doing business with an organization that does not have a solid financial track record," said Dave Roberson, president and COO of Hitachi Data Systems and member of RES' board of directors.

Despite the high-tech industry's adverse market conditions in recent years, RES continues to prevail. The company has experienced a 214 percent annualized client growth rate since 2001. By achieving profitability, RES sets itself apart from the competition as a reliable, financially viable IT services provider.