Archive for February, 2007

Outstanding results for first quarter of 2006/2007

Published on February 28, 2007 at 4:30 pm by iWeb Technologies in: iWeb Articles

We released today the financial results of our first quarter 2006/2007 ended December 31, 2006. Results for the first three months of fiscal year 2007 once again establish new records.
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$4.5 Million Funding and Data Centers Expansion

Published on February 27, 2007 at 2:35 pm by iWeb Technologies in: iWeb Articles

IWEB GROUP Inc. and the Business Development Bank of Canada (BDC) have agreed that iWeb will be awarded a new $4.5 million loan in addition to a debt consolidation with easier terms.

This additional funding will be used to acquire new equipments and complete the second development phase of iWeb’s second data center located in St-LĂ©onard. This new development, ?Phase 2?, of the iWEB-CL datacenter is the most extensive and is set to be completed in April 2007. This phase includes extending the building, significantly upgrading electrical power supply and investing in equipment that will allow the company to raise to 4000 the number of dedicated servers it can host in the St-Leonard facility. The facility will also shelter iWeb’s new network operation center.

Completing this second phase of the iWEB-CL infrastructures is essential if we want to maintain our growth. It will provide us with a stable and expandable infrastructure that can be upgraded gradually to accommodate up to 12,000 dedicated servers. Less important upgrades will be planned for the next two years in order to upgrade the capacity according to our needs.

As well as making this significant new funding available to us, the Business Development Bank of Canada is enabling us to benefit from more favourable terms on our existing fundings. We greatly appreciate this mark of confidence.

The supplementary debt will be made up of a subordinated loan in the amount of $2.5 million, bearing interest of 11%, payable monthly, a supplementary interest of 2% and a bonus equivalent to a percentage of its five-year earnings before tax, interest and amortization, varying from 3% to 6%. The capital, supplementary interest and bonus are payable in five years.

The second $2-million component of the supplementary debt will be combined with a consolidation of some of the existing debts into two loans. The first will be in the amount of $2,442,000, bearing interest at the BDC prime rate, plus 0.75% (8.75%), with repayment over 15 years. The second loan will be in the amount of $2,252,000 and will bear interest at prime, plus 1.5% ($9.5%), with repayment over seven years.

Read the complete press release here.

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Technical problems with our phone system

Published on February 21, 2007 at 10:31 am by iWeb Technologies in: iWeb Articles

We are currently experiencing technical problems with our phone system. The technicians from the company who manages this system are on their way and will fix the problem by replacing a master piece of the system onsite so things can get back to normal.

However, the phone service is maintained, our team is only taking messages and forwarding them to the concerned department or to the person whom you try to join. You will be contacted as fast as possible.

We are sorry for the inconvenience this may cause and we are working on getting the situation restored as soon as possible.

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10h34am

The technicians are currently onsite to fix the problem. Estimate time; 30 minutes.

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11h00am

Problems resolved. If you still notice problems on our phone system, let us know. Thank you for your patience.

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iWeb selected as one of the Fastest Growing Company

Published on February 15, 2007 at 9:07 am by iWeb Technologies in: iWeb Articles

HostReview’s editorial staff has chosen iWeb has one of the Top 10 Fastest Growing Web Hosting Company for January 2007. HostReview’s Fastest Growing awards are intended to showcase fast-moving companies that are growing in size and prestige. HostReview’s staff closely monitors a variety of factors to select the Web Hosting companies that will be recommended to their readers.
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iWeb’s Network; At the Top of Netcraft’s Ranking

Published on February 5, 2007 at 5:42 pm by iWeb Technologies in: iWeb Articles

iWeb is proud to rank at the top of Netcraft’s Top 10 most reliable networks for January 2007. Three Web Hosting providers share the “Most Reliable” award for January. This is the third time in the past few months that iWeb’s network is listed as one of the 10 most reliable networks among several world class web hosters! You can read Netcraft’s full article at News Netcraft.

The Netcraft analysis is made by measuring, every 15 minutes from several different access points, the accessibility to the main Web site (in our case iWeb8.Com) of the listed Web hosters. Please note that the web hosting companies located in the United States are privileged in the classification over other hosters in the world because most of the servers that collect the data are located in the United States.

By default the hosters sites are ranked in order of failed requests and time to connect, but other criteria can also be considered. Once the analysis is made, Netcraft makes available the response times of fifty leading hosting providers? sites of this ranking, which iWeb is part of.

More information on the measurement process and the last 15 minutes measurements are available at http://uptime.netcraft.com/perf/reports/Hosters

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