Today, Neocode made a giant leap in the right direction by reporting strong 2002 earnings to the company’s private investors.  Manuel Rueda, President of the firm stated, “Despite the slowdown in technology spending, Neocode has shown resilience with our ability to sign new projects.  While many small technology companies have suffered during this market, we have shown we can not only survive but prosper in this environment”.  Revenue for the year grew 25% and the firm remained profitable by cutting costs.  This is in stark contrast to many technology firms in Manhattan.  “We are well positioned for a strong 2003 because we have learned to manage efficiently in the hard times.  The opportunities are there, and we are a firm prepared to reap the rewards.”