iWeb Communities: Blog

Today we announced our results for the third quarter, which ended on June 30, 2007. The Company?s financial statements and MD&A can be accessed at www.iweb8.com and www.sedar.com.

Highlights of the third quarter:

- A 70% increase in revenues over the same period in 2006
- Net earnings up 42% over the same period in 2006
- Appointment of three new Vice Presidents and a corporate Controller, to ensure effective management of the Company?s rapid growth and maintain its current service levels
- Official TSX Venture Exchange Tier-1 Issuer Status obtained

As shown by our results, the Company is operating in a sector that is experiencing high growth and demand for our service offering remains on the rise. During the third quarter, we built up our management team, implemented various cost control systems and continued investing in our infrastructure. The exceptional results posted are proof of our ability to manage this growth and effectively position ourselves to become a leader in the dedicated server hosting sector.

At the close of the third quarter 2007, the company?s consolidated revenues totaled $2.6M ? an increase of $1.1M or 70% over the same period in 2006. This revenue growth can be attributed primarily to a rise in dedicated server demand.

Gross margins for the quarter equaled 59.1% of total sales, compared to 54.1% of sales posted in the same period in 2006. This improvement was mostly due to an increase in sales volume and tight cost controls.

Overhead costs rose from 41% of revenues in the third quarter of 2006 to 47% for the same period this year. This increase was due to a higher level of business activity related to the Company?s growth, particularly a rise in expenses for advertising that targeted the dedicated server market and carrying charges for securing additional credit facilities.

Net earnings for the three-month period ended June 30, 2007 stood at $200,848, compared to $141,936 for the same period in 2006. This increase can be attributed primarily to the improvement in gross margins.

Earnings before interest, taxes and depreciation and amortization and share-based compensation (adjusted EBITDA) continued upward, reaching $714,369 versus $422,607 for the same period in 2006 ? a result that attests to the Company?s ability to generate increasing and positive cash flows.

Selected Financial Information

Read the complete press release here.

MONTREAL, QUEBEC ? August 28, 2007 ? iWeb Group Inc. (TSX-V: IWB) (?the Company? or ?iWeb?), a worldwide Internet hosting infrastructure provider, announced its results today for the third quarter, which ended on June 30, 2007. The Company?s financial statements and MD&A can be accessed at www.iweb8.com and www.sedar.com.

Highlights of the third quarter:

- A 70% increase in revenues over the same period in 2006
- Net earnings up 42% over the same period in 2006
- Appointment of three new Vice Presidents and a corporate Controller, to ensure effective management of the Company?s rapid growth and maintain its current service levels
- Official TSX Venture Exchange Tier-1 Issuer Status obtained

?As shown by our results, the Company is operating in a sector that is experiencing high growth and demand for our service offering remains on the rise,? observed Eric Chouinard, President and Chief Executive Officer of iWeb. ?During the third quarter, we built up our management team, implemented various cost control systems and continued investing in our infrastructure. The exceptional results posted are proof of our ability to manage this growth and effectively position ourselves to become a leader in the dedicated server hosting sector.?

At the close of the third quarter 2007, the company?s consolidated revenues totaled $2.6M ? an increase of $1.1M or 70% over the same period in 2006. This revenue growth can be attributed primarily to a rise in dedicated server demand.

Gross margins for the quarter equaled 59.1% of total sales, compared to 54.1% of sales posted in the same period in 2006. This improvement was mostly due to an increase in sales volume and tight cost controls.

Overhead costs rose from 41% of revenues in the third quarter of 2006 to 47% for the same period this year. This increase was due to a higher level of business activity related to the Company?s growth, particularly a rise in expenses for advertising that targeted the dedicated server market and carrying charges for securing additional credit facilities.

Net earnings for the three-month period ended June 30, 2007 stood at $200,848, compared to $141,936 for the same period in 2006. This increase can be attributed primarily to the improvement in gross margins.

Earnings before interest, taxes and depreciation and amortization and share-based compensation (adjusted EBITDA) continued upward, reaching $714,369 versus $422,607 for the same period in 2006 ? a result that attests to the Company?s ability to generate increasing and positive cash flows.

Selected Financial Information

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 datacenters featuring 30,000 square feet of floor space and the latest technological equipment. 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. 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 does not accept responsibility for the adequacy or accuracy of this release.

For more information

Marc Guindon
iWeb Group Inc.
Chief Financial Officer
(514) 286-4242
http://iweb8.com/investors

Danielle Ste-Marie
The Equicom Group Inc.
(514) 844-6064
dste-marie@equicomgroup.com

We announce today that we obtained additional financing facilities that will be used to acquire equipment for the expansion of our second datacenter.
(more…)

MONTREAL, QUEBEC ? August 23, 2007 ? iWeb Group Inc. (TSX-V: IWB) (?the Company? or “iWeb”), a worldwide internet infrastructure provider announced today that it has obtained additional financing facilities that will be used to acquire equipment for the expansion of its second datacenter.

As part of Phase 3 of the set-up of its datacenter in St-Léonard, the Company has accepted two offers of financing in the form of lease obligations for a total amount of $954,000. The first loan, of $646,000, repayable over a period of 48 months, will bear interest at a variable rate based on the rates for 30-day banker?s acceptances plus 3.97%. The second loan, of $308,000, repayable over a period of 60 months, will bear interest at a fixed rate of 7.3%.

?The rapid growth of the digital age and the Internet are driving the strong increase in demand for hosting and data management solutions. For many years now, demand for our services has been rising constantly, and so we are expanding our second datacenter in St-Léonard in order to increase our capacity. Currently, this data center?s utilization rate exceeds 70%.? commented Mr. Marc Guindon, iWeb?s Chief Financial Officer. ?We have to keep investing in our infrastructures in order to ensure reliability and redundancy. These characteristics are essential to our growth and enable us to provide a value-added service, free of interruptions.?

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 datacenters featuring 30,000 square feet of floor space and the latest technological equipment. 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. 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 does not accept responsibility for the adequacy or accuracy of this release.

For more information

Marc Guindon
iWeb Group Inc.
Chief Financial Officer
(514) 286-4242
http://iweb8.com/investors

Danielle Ste-Marie
The Equicom Group Inc.
(514) 844-6064
dste-marie@equicomgroup.com

We are proud to announce the addition of another GigE network connection to Videotron in our iWeb-CL data center. iWeb’s network now offers a 9Gbps capacity, with 3Gbps from Videotron. iWeb’s High Quality Network and iWeb’s Unmetered Network provide customers with a high level of redundancy and reliability at an unbeatable price.

Soon, we plan to add in our iWeb-CL datacenter a additional GigE network connection to Teleglobe and another GigE network connection to Cogent for our iWeb?s Unmetered Network for a total capacity of 11Gbps. We will keep you up-to-date with the details.

We suggest you visit the Network Architecture page on our site for more information.

We are proud to announce that we were rated ?Most Reliable Hosting Company? for the month of July 2007, by UK based Netcraft, an Internet service and data provider.

This is our third appearance atop this survey this year. This award is a testimony of our dedication to provide truly innovative IP hosting solutions and premium professional services to our growing global clientele.

Netcraft rates hosting companies on a monthly basis according to failed requests and connection time. It measures and makes available the response times of fifty leading hosting providers’ sites. The performance measurements are made at fifteen minute intervals from separate points around the Internet, and give customers an indication of the reliability of routing.

Read the complete press release here.

MONTREAL, QUEBEC ? August 9, 2007 ? iWeb Group Inc. (TSX-V: IWB) (?the Company? or “iWeb”), a worldwide Internet infrastructure provider announced today that it was rated ?Most Reliable Hosting Company? for the month of July 2007, by UK based Netcraft, an Internet service and data provider.

?This is our third appearance atop this survey this year,? said Martin Leclair, Chief Operating Officer of iWeb. ?This award is a testimony of our dedication to provide truly innovative IP hosting solutions and premium professional services to our growing global clientele? he concluded.

Netcraft rates hosting companies on a monthly basis according to failed requests and connection time. It measures and makes available the response times of fifty leading hosting providers? sites. The performance measurements are made at fifteen minute intervals from separate points around the Internet, and give customers an indication of the reliability of routing.

About iWeb Group Inc.
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.

About Netcraft
Netcraft is an Internet services company based in Bath, England and provides Internet security services and research data and analysis on many aspects of the Internet. Netcraft has explored the Internet since 1995 and is a respected authority on the market share of web servers, operating systems, hosting providers, ISPs, encrypted transactions, electronic commerce, scripting languages and content technologies on the Internet.

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 does not accept responsibility for the adequacy or accuracy of this release.

For more information

Marc Guindon
iWeb Group Inc.
Chief Financial Officer
(514) 286-4242
http://iweb8.com/investors

Danielle Ste-Marie
The Equicom Group Inc.
(514) 844-6064
dste-marie@equicomgroup.com