iWeb Communities: Blog

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