iWeb Communities: Blog

Consolidated revenue increases by 88%

MONTREAL, December 22, 2005 ? iWeb Group Inc. today announced the results of its financial year ended September 30, 2005.

iWeb recorded consolidated revenue of $2,935,235, an increase of $1,378,930 or 88% over the same period last year where revenues were $1,556,305.

Gross profit increased by $736,551 or 95% from $770,385 in 2004 to $1,506,936 in 2005. Net income for the year totaled $201,732 compared to a net income of $69,019 in 2004.

In 2005, EBITDA was $549,448 compared to $221,784 in 2004, an increase of 147%.

«This last year was a remarkable period of growth for iWeb and we believe to be able to maintain such performance for 2006 with a percentage increase in income similar to 2005. . » says Eric Chouinard, Cofounder and CEO of iWeb Group Inc..

«These results clearly show that our marketing efforts were successful. We are proud that the increase of our income was achieved almost entirely through our internal resources, without a major acquisition. » , adds Martin Leclair, Co-founder and Chief of the Operations at iWeb Group Inc..

About iWeb Group Inc.
Founded in 1996, iWeb offers a full line of advanced web hosting either through shared hosting, dedicated servers or collocation in its own data center featuring the latest technological equipments. Its services are rendered in English, French or Spanish to clients in more than 95 countries.

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.

The financial information in this news release is taken from iWEB’s audited annual financial statements for the year ended September 30, 2005, which may be found on www.SEDAR.ca. iWEB’s MD&A will be filed in the time period provided for in the rules.

Readers are cautioned to refer to such financial statements for complete information, as the information in this release has been selectively drawn from the full documents and is not complete.

FINANCIAL INFORMATION

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