iWeb Communities: Blog

Revenue increases by 38 %

MONTREAL ? may 27, 2005 ? iWeb Group Inc. today announced its second quarter financial results for the period ended March 31, 2005.

In the second quarter, iWeb recorded consolidated revenue of $665,540, an increase of $184,991 or 38% compared to $480,549 for the same period last year.

«Our primary focus is on sales growth », said Eric Chouinard, iWeb cofounder and CEO. « In the next month, we will continue to increase sales efforts and as always, we will be seeking acquisition opportunities. », he added.

Gross profit increased by $119,540 or 54% from $220,192 in Q2 2004 to $339,732 in Q2 2005. Net income from operations for Q2 2005 totaled $25,381 compared to a net income of $41,032 in the same period last year.

As at December 31, 2004, shareholders? equity totaled $602,852 and the company had $210,457 in cash, cash equivalents and investments.

About iWeb Group Inc.
Founded in Montreal in 1996, iWeb is today one of the most important Canadian companies in web hosting services. The Company offers a full line of advanced web hosting solutions in English, French and Spanish. iWeb has customers in over 48 countries around the world.

iWeb Group Inc. is listed on the TSX Venture Exchange under the IWB stock symbol. For more information, visit the Company’s website at investisseurs.iweb.ca..

FINANCIAL INFORMATION

*As at September 30, 2004

« The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release. »

Montreal, May 18th, 2005 ? iWeb Technologies inc. (TSX:IWB) announced today that it completed its network expansion and now offers a 3Gbps total capacity with quick upgrade possibilities. At the same time, Teleglobe was added as a major transit provider to Peer1 and Sprint/GT in the BGP Mix.

« Through its BGP network, iWeb offers a unique alternative for companies in need of hosting on a high quality network and who do not want to be provider-dependent. Only a few companies can praise to offer a network made of suppliers known for their transit quality as Teleglobe and Peer1. In addition to offering this quality of service and another level of redundancy, iWeb is able by its engagements of volume, to offer the whole at an unbeatable price. », said Martin Leclair, co-founder and chief operations officer at iWeb.

All current customers using iWeb’s BGP network will be able to note the advantages and the improvement of transcontinental connections with the Teleglobe network.

À propos du Groupe iWeb Inc.
Fondée en 1996 à Montréal, iWeb est aujourd?hui l?une des plus importantes entreprises canadiennes en ce qui a trait au nombre de domaines hébergés. La Société offre une gamme complète de solutions avancées d?hébergement Web en anglais, français et espagnol et compte des clients dans plus de 48 pays à travers le monde.

Le Groupe iWeb inc. est inscrite à la Bourse du TSX de croissance sous le symbole IWB. Pour plus de renseignements, visitez le site Internet iWeb.ca.

“La Bourse de croissance TSX n’assume aucune responsabilité quant à la pertinence ou à l’exactitude du présent communiqué de presse.”