Archive for August, 2007

iWeb announces strong revenue and net earnings growth in third quarter 2007

Published on August 28, 2007 at 6:44 pm by iWeb Technologies in: iWeb Articles

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

Third quarter ending June 30
2007 2006
Revenues 2 613 627 $ 1 538 969 $
Cost of services sold 1 068 767 $ 705 740 $
Net earnings 200 848 $ 141 936 $
Earnings per share 0,0085 $ 0,0061 $
Adjusted EBITDA 714 369 $ 422 607 $
Total assets 13 577 118 $ *7 181 709 $
Shareholders? equity 1 673 849 $ *1 244 835 $
Cash and term deposit 518 428 $ *484 633 $
*As at September 30, 2006

Read the complete press release here.

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iWeb obtains additional financing facilities for the expansion of its second datacenter

Published on August 23, 2007 at 10:47 am by iWeb Technologies in: iWeb Articles

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

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Network: Addition of a new GigE port to Videotron

Published on August 10, 2007 at 9:57 am by iWeb Technologies in: iWeb Articles

videotron
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.

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iWeb Rated Most Reliable Hosting Company by Netcraft for July 2007

Published on August 9, 2007 at 9:36 am by iWeb Technologies in: Web Hosting Articles, iWeb Articles

netcraft
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.

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