iWeb Communities: Blog

Montreal, May 1st, 2007 – iWeb Group Inc. – iWeb8.com (TSX-V: IWB) is pleased to announce it has met the requirements of TSX Venture Inter-Tier Movement Policies and that, accordingly, its classification has changed to Tier 1. The company is also taking advantage of the opportunity to announce the appointment of three new vice-presidents and a corporate controller.

The change in TSX Venture Exchange classification is to take effect at opening on April 25, 2007. Among other benefits, it will allow the company to implement a new stock-option plan that was voted in at March?s shareholders? meeting.

We are extremely proud of our new Tier-1 status and where we are today,? said Eric Chouinard, iWeb’s co-founder and Chief Executive Officer.

iWeb also announces the nomination of three new vice-presidents : Cyrille Mertès as Vice President Global IT Infrastructure, Sylvain Leclair as Vice President Sales and Marketing and Hugo Dénommée as Vice President Development and Automation. All three have degrees from the Université du Québec à Montréal ? Leclair in business administration, Mertès and Dénommée in business computing. They previously worked for the company as department managers for several years.

?With more than 60 employees now, we needed to cement our management positions and the company?s overall organizational structure,? said Martin Leclair, co-founder and Chief Operating Officer at iWeb. ?One of our biggest challenge is to manage a rapid growth in staff while maintaining the quality service level our clients are used to receive at iWeb. I?m proud to be able to count on Cyrille, Hugo and Sylvain to assist me in this regard, as well as with corporate operations,? he added.

Finally, a new controller also joins iWeb’s team. Mr. Philip Tousignant previously occupied different positions in the financial services departments of companies such Avestor and Bombardier. He will be working closely with Chief Financial Officer Marc Guindon.

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

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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 http://iweb8.com/investors.