iWeb Communities: Blog

MONTREAL ? August 30, 2005 ? iWeb Group Inc. today announced its third quarter financial results for the period ended June 30, 2005.

In the third quarter, iWeb recorded consolidated revenue of $777,484, an increase of $289,023 or 59% compared to $488,461 for the same period last year. For the nine months ended June 30, revenues were $2 028 863 an increase of 51% over last year.

Gross profit increased by $162,317 or 61% from $265,193 in Q3 2004 to $427,510 in Q3 2005. Net income from operations for Q3 2005 totaled $45,371 compared to a net income of $50,197 in the same period last year. For the nine months gross profit increased by $313 419 or 40% to $1 091 563 while net income increased by $57 030 or 63% to $147 879.

For the nine months ended June 30, 2005, EBITDA was $372 453.

As at December 31, 2004, shareholders? equity totaled $648,223

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 94 countries around the world. iWeb owns and operate one of the most modern and up to date centers which puts it in a class apart from its competitors.

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

FINANCIAL INFORMATION

*As at September 30, 2004

Three months ended June 30
2005
Revenue 777 484 $
Cost of services sold 349 974 $
Total assets 2 850 120 $
Net income 45 371 $
Shareholders?equity 648 223 $

2004
Revenue 488 461 $
Cost of services sold 223 268 $
Total assets *1 884 365 $
Net income 50 197 $
Shareholders?equity *500 344 $

Nine months ended June 30
2005
Revenue 2 028 863 $
Cost of services sold 937 300 $
Total assets 2 850 120 $
Net income 147 879 $
Shareholders?equity 648 223 $

2004
Revenue 1 344 243 $
Cost of services sold 566 099 $
Total assets *1 884 365 $
Net income 90 849 $
Shareholders?equity *500 344 $

*As at September 30, 2004

STOCK SYMBOL: IWB (TSXV)
SOURCE: Éric Chouinard, President et CEO
INFORMATION: Marc Guindon, Chef de la direction financière
Tel.: (514) 286-4242

http://investisseurs.iweb.ca

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