iWeb Communities: Blog

MONTRÉAL, QUÉBEC ? November 30, 2007 ? iWeb Group Inc. (TSX-V: IWB) (?iWeb? or the ?Company?), a worldwide internet hosting infrastructure provider, today announced the successful closing of its recently announced offering of 3,300,000 common shares at a price of $1.25 per common share, for gross proceeds of $4,125,000. The offering was made through a syndicate of underwriters led by GMP Securities L.P. and that included Cormark Securities Inc. and National Bank Financial Inc.

Net proceeds of the offering will be used to implement and finalize phase 3 and advance phase 4 of the installation of its second data center.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About iWeb Group

Founded in 1996, iWeb offers a full line of advanced IP hosting services either through shared hosting, dedicated servers or co-location in three data centers, featuring over 52,000 square feet of floor space and the latest technological equipment. iWeb provides services in English, French and Spanish to clients in more than 130 countries. For more information, please visit www.sedar.com or the Company?s website at http://iWeb8.com.

Caution concerning forward-looking statements

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

For more information

Éric Chouinard
iWeb Group Inc.
Chief Executive Officer
(514) 286-4242 ext. 102
echouinard@iweb.com

Kristen Dickson
The Equicom Group Inc.
Investor Relations
(416) 815-0700 ext. 273
kdickson@equicomgroup.com