Navidec Develops Web Site for Richmond American Homes
1 June 1998
Navidec Develops Web Site for Richmond American Homes; Other New Web-Based Contracts at All-Time HighDENVER, June 1 -- Navidec Inc. (Nasdaq: NVDC, NVDCW), a leading provider of Web-based products and solutions, today announced it has developed and launched a Web site for Richmond American Homes at http://www.richmondamerican.com. The project is one of several new contracts for the Company, which has booked more than $600,000 in new business for its Net Solutions group in the last 30 days. Navidec's Net Solutions group specializes in the development of commercial Web sites, intranets and extranets, mail and messaging systems, and interactive kiosks. Ralph Armijo, president and CEO of Navidec, said, "Our new projects, such as the Richmond American Homes Web site, show that Navidec continues to provide highly effective technology solutions for the region's most respected and successful companies." He added, "I am very pleased with the sales momentum built by our Net Solutions team. This kind of steady growth will help continue the Company's path to profitability and fund growth in key areas such as our 'Wheels' online automotive sales solution." Navidec's new contracts include Web-based and kiosk projects for MediaOne, Iomega and Great West Life. The contracts are in addition to the new markets Navidec recently announced for Wheels. Wheels sites have been established in Colorado (http://www.coloradowheels.com) and Oregon (http://www.northwestwheels.com), and will soon be launched in Utah and Dallas-Ft. Worth. Navidec Inc., based in Englewood, Colo., is a leading national provider of products and solutions that use Web-based technologies to achieve its customers' business objectives. From commercial Web site development to the design and implementation of intranet and extranet applications and tools, Navidec helps customers develop successful online solutions. Navidec's premier vertical market focus is on the automotive industry with its Wheels online automotive sales solution. Navidec partners with media organizations to produce Wheels in markets nationwide. The Company's Web site address is http://www.navidec.com. All statements in this press release, other than historical facts, are forward looking statements. These statements are based on certain assumptions and analyses made by Navidec in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstance. Such statements are subject to a number of risks and uncertainties, including general and economic business conditions, demand for automobiles, competition from other automotive online services, market acceptance of the Wheels solutions, the ability of Navidec to reach agreements with local media partners and other risk factors indicated from time to time in Navidec's filings with the Securities and Exchange Commission. Those filings are available online at http://www.freeedgar.com.