Annual Report 2000
Padoin Consulting -

New clients and growth

The year 2001 yielded a 8% growth in revenues, despite the to many devistating blow of the crash of Silicon Valley. Our European clients are still with us and Padoin sustained only minor setbacks due to the crash. We are still a small company, employing five, mainly contractors, in the US and in Europe.

The company has expanded into the field of International Communications by taking on a few selected European clients that are looking into expansion in the US or introducing American products in Europe. It is expected that the growth in 2002 mainly will consist of revenues from this branch of the company.