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For Immediate Release Colorado vNet Refuses to Participate in the Recession Company reports double-digit growth in Q1 and all-time record month for shipments in February.Loveland, CO – April 15, 2009 – Colorado vNet reported today positive first quarter results for 2009 with double-digit sales growth over the first quarter of 2008, and an all-time record month for shipments in February. Coming at a time when several manufacturers and integrators continue to struggle through a 30% market decline, the announcement reinforces the strength in the Colorado vNet business strategy. By designing simple, pre-integrated home automation and digital audio/video solutions, Colorado vNet keeps installation and support costs low, thereby increasing the number of jobs dealers can execute, and ultimately, dealer profitability. “With record shipments in February, we’re definitely seeing a thaw in the market,” said Mike Malone, VP of Sales for Colorado vNet. “Installations that were put on hold late last year have been reignited, and many jobs that were originally ear-marked for high-end competitors have been converted to Colorado vNet because our systems are less time-consuming, less risky, and less costly,” he continued. Pro Home Systems in Oakland and Walnut Creek, California is one such integrator company that wanted to expand its offerings. Kevin Vawter, VP of Sales for Pro Home Systems, commented, “Colorado vNet is an up-and-comer in the fast-emerging home automation industry. Their solutions are easy to install and provide us an opportunity to reach a broader range of clients. Overall, they are an exciting company and we look forward to many years of growth and profitability in working with them.” |
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