InfoHighway Reports Rise in Annual Sales

InfoHighway Communications Corp. last month said its annual sales grew more than 70 percent with nearly 50 percent growth in the fourth quarter over the previous period a year ago.

As a privately held company, New York-based InfoHighway does not publicly release its financial statements.

"In addition to significantly growing our sales channels, we finished the year with strong financial results and have continued our positive EBITDA and net income growth for the past two fiscal years," InfoHighway CEO Joseph Gregori said in a press release.

InfoHighway says it plans to introduce several new products this year, including flat-rate service packages and additional data and Internet services. The phone and data provider targets small and medium-sized businesses in the Northeast and mid-Atlantic regions.

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