It has been a very difficult year for 1Velocity and our communities. Las Vegas and Reno, Nevada have been number one on many lists of which we are not proud, including the highest rate of foreclosures, unemployment, and bankruptcies in the nation. Many of our largest companies have been on the brink or have filed bankruptcy in the last year.
However, despite all the challenges, 1Velocity has made some very important progress.
As we begin our fourth year, 1Velocity continues to grow.
We just closed out the fiscal year, and despite the recession, 1Velocity had record revenues last year. This year is off to a good start as well. Revenues for the first quarter of this fiscal year are up from the previous year. Remarkably, we have also cut expenses over the last year.
As the economy continues to improve and more organizations learn about 1Velocity’s unique services, we hope to continue to help more organizations improve redundancy, save money, and get more done quickly with Internet and private Ethernet connections over wireless fiber.
