iWeb Communities: Blog

With this non stop expansion, the iWeb family does not stop growing. We take the occasion to present you a newcomer because it is always pleasant to associate a face with a name and to know a little bit more about the individual.

Guillaume has a solid technical background having occupied many different positions in the networking field as a consultant. He also worked as a network administrator to then fill the functions of director of technical services for a consultant firm.

We are proud to count on Guillaume’s expertise to build an ever growing team of qualified Account Managers that continue to offer our customers an exceptional service.

Here are the latest pictures of the work in progress at iWEB’s-CL DC. At the moment, electrical cabling work is in progress; connection of the new electric 6000A entry, connection of the new 1.5MW generator that replaces the temporary 1MW generator installed a few weeks ago; plumbing work on the water lines and the water tower which will allow the connection of the air conditioning units to the water lines.
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Last week, we had the chance to be on site to admire the last Sun innovation; the first virtualized datacenter. Indeed, Sun begins a world tour to present his new innovation and they were in Montreal last week thus we did not miss the occasion to attend the event.

What is Project Blackbox? Code-named Project Blackbox, this Sun innovation is the first virtualized datacenter, rapidly deployable and optimized for extreme space, energy, and performance efficiency. Project Blackbox enables “instant-on” expansion while maximizing savings and providing operational flexibility to address two of today’s most critical IT issues: space constraints and soaring energy prices.

For more details about Project Blackbox and the official Sun Tour 2007, visit the following address http://www.sun.com/emrkt/blackbox/index.jsp

Here are some pictures taken during the event.

IWeb will be present at the ISPCON, the Internet industry event, from today until May 25, 2007. The event will take place at the Rosen Center Hotel in Orlando. Members of our team will be on site; contact us if you wish to plan a meeting in Orlando with our team during the event!

We also plan to post updates of the event on our blog next week. We will post photos and will also let everyone know about the latest news and buzz on the Internet industry.

For more details on the ISPCON please visit the event’s page at: http://www.ispcon.com

We released today our financial results for our second quarter of the financial year 2006-07, ending March 31, 2007. For this second quarter, consolidated revenues increased by $912,752 or 66% against the same period in 2006. Revenues totalled $2,290,877 compared to $1,378,125 in 2006.

A special item reduced the income before income taxes for an amount of $95,779. In March 2007, the Company modified a bonus clause in a subordinated debt with the owner of the debt. That clause specified that an amount representing half of one percent of the Company?s market value was payable as March 26, 2011, the maturity date of the debt. Expecting that this bonus value could increase in the next four years, the Company decided to repurchase the bonus clause on March 16, 2007, for an amount equal to the fair value of the bonus clause, resulting in a charge of $95 779 against second quarter earnings.

With this special item, net earnings for the quarter ended March 31, 2007, was $21,710 compared to an amount of $189,057 for the same period in 2006. The decrease in net earnings is also due to an increase in publicity expenses incurred in order to have a greater visibility in the Company?s targeted markets, and by an increase in financial expenses.Management expects that these publicity and financial expenses recorded in 2007 will help the ongoing growth of the Company, and increase its future profitability.

Gross margins went from 53.4% of revenues in 2006 to 56.0% of revenues for this last quarter.

Earnings before interest, taxes and depreciation and amortization (EBITDA) improved again to reach $487,244 against $359,709 for the same period in 2006. This increase confirmed the Company?s ability to generate improving positive cash flows.

During the quarter ended March 31, 2007, the Company had proceeded to a major combination of its current debt, and negotiated new loans totalling $4.5M to finance its new data center.

Read the complete press release here.

MONTREAL, May 22, 2007 ? iWeb Group Inc. (iWeb8.com) (TSX-V : IWB) released today the financial results of its second quarter of the financial year 2006-07, ending March 31, 2007. For this second quarter, consolidated revenues increased by $912,752 or 66% against the same period in 2006. Revenues totalled $2,290,877 compared to $1,378,125 in 2006.

A special item reduced the income before income taxes for an amount of $95,779. In March 2007, the Company modified a bonus clause in a subordinated debt with the owner of the debt. That clause specified that an amount representing half of one percent of the Company?s market value was payable as March 26, 2011, the maturity date of the debt. Expecting that this bonus value could increase in the next four years, the Company decided to repurchase the bonus clause on March 16, 2007, for an amount equal to the fair value of the bonus clause, resulting in a charge of $95 779 against second quarter earnings.

With this special item, net earnings for the quarter ended March 31, 2007, was $21,710 compared to an amount of $189,057 for the same period in 2006. The decrease in net earnings is also due to an increase in publicity expenses incurred in order to have a greater visibility in the Company?s targeted markets, and by an increase in financial expenses.Management expects that these publicity and financial expenses recorded in 2007 will help the ongoing growth of the Company, and increase its future profitability.

Gross margins went from 53.4% of revenues in 2006 to 56.0% of revenues for this last quarter.

Earnings before interest, taxes and depreciation and amortization (EBITDA) improved again to reach $487,244 against $359,709 for the same period in 2006. This increase confirmed the Company?s ability to generate improving positive cash flows.

During the quarter ended March 31, 2007, the Company had proceeded to a major combination of its current debt, and negotiated new loans totalling $4.5M to finance its new data center.

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 http://iWeb8.com.

The financial information in this news release originates from iWeb?s financial statements for the quarter ended March 31, 2007.

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. iWeb?s MD&A will be filed in the time period provided for in the rules. Those documents can be found on the following web site: www.sedar.com.

FINANCIAL INFORMATION

« La Bourse de croissance TSX n’assume aucune responsabilité quant à la pertinence ou la véracité des informations contenues dans ce communiqué. »

TopHosts.Ca, a leading international media company offering a unique perspective on the latest web hosting news and insightful analysis of the web hosting industry, awarded the Top May Canadian Web Hosting Provider price to the iWeb team for exceptional customer care practices, breadth of service and product offerings, innovative marketing approaches and technology adoption.

The entire iWeb team is proud to be chosen by TopHosts Canada as the #1 Web hosting provider for the month of May. It’s always an honor to be chosen by the industry leader and we will continue to work hard to maintain the superior service level our customers demand.

The article is available at this address: http://ca.tophosts.com/articles/005196.html