iWeb Increases Lending Facility for its Expansion Plan
MONTREAL, QUEBEC ? June 28, 2007 ? iWeb Group Inc. (TSX-V: IWB) (?the Company? or “iWeb”), a worldwide internet infrastructure provider announced today that it has obtained additional lending facilities from the Bank of Montreal (?BMO?) bringing the total available credit from BMO to $1.5M.
These funds will go towards the purchase of server hardware to be rented out as dedicated servers, iWeb?s fastest growing service offering. This new computer equipment will be installed at the Company?s newly completed 20,000 square feet data center located in Montreal?s East End.
?This additional borrowing facility strengthens our financial position and enables us to quickly respond to the increasing demand for our dedicated web hosting services,? said Marc Guindon, iWeb?s Chief Financial Officer. ?We even expect that our second and newest data center will reach its full capacity before the end of 2008.?
About iWeb Group
Founded in 1996, iWeb offers a full line of advanced IP hosting services either through shared hosting, dedicated servers or colocation in its own data centers featuring 30,000 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. For more information, please visit www.sedar.com or the Company?s website at http://iWeb8.com.
Caution concerning forward-looking statements
This news release contains certain forward-looking statements. These statements relate to future events or iWeb?s future economic performance and reflect the current assumptions and expectations of management. Certain unknown factors may affect the events, economic performance and results of operations described herein. iWeb undertakes no obligation, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
For more information
Marc Guindon
iWeb Group Inc.
Chief Financial Officer
(514) 286-4242 ext. 121
mg@iweb.ca
Danielle Ste-Marie
The Equicom Group Inc.
(514) 844-6064
dste-marie@equicomgroup.com

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June 28th, 2007 5:27 pm
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