iWeb Communities: Blog

MONTRÉAL, Februrary 28th 2007 ? IWEB GROUP INC. (?iWeb8.com?) (TSX-V: IWB) announced the financial results of its first quarter 2006/2007 ended December 31, 2006. Results for the first three months of fiscal year 2007 once again establish new records.

In this first quarter, iWeb Group recorded consolidated revenues to 1 956 177 $ an increase of 814 068 $, or 71 % more than the same period last year when revenues were 1 142 109 $.

« We are proud that our team succeeded in maintaining this strong growth while standing by our quality service reputation. » said Martin Leclair, Cofounder and Chief Operating Officer.

« This first quarter is in line with our objectives and we are satisfied with the results It’s a good start for 2007, now we need to concentrate on keepingn the rythm for the rest of the year. » adds Eric Chouinard, Cofounder and CEO of iWeb.

Gross profit increased by $ 449 553 or 75%, from $ 599 452 in 2005/2006 to $ 1 049 005 in 2006/2007. Net earnings were of 92 995 $ compared to 71 482 $ for the same period last year.

EBITDA went from $ 242 859 to $ 459 709, an increase of 89%.

About iWeb Group Inc.
Founded in 1996, iWeb offers a full line of advanced web hosting services either through shared hosting, dedicated servers or colocation in its own data centers featuring 25,000 square foot of floor space and the latest technological equipments. iWeb provides services in English, French and Spanish to clients in more than 140 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 iweb8.com/investors.

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

For more information relating to this press release, please communicate with our Chief Financial Officer, Marc Guindon, at 514-286-4242 or visit our website at iweb8.com/investors.