iWeb Communities: Blog

The year 2009 ending in a few days, we have published our financial results for the year ended September 30, 2009. During the past year, we increased our revenues from 74% from 15,6M to 27,1M, bravo to the team!

Revenue growth has been a priority for iWeb in 2009? says Eric Chouinard, iWeb President. “We are very proud of the 74% increase in revenues and of the 71% increase of our adjusted EBITDA, as well of our operating income. Our 5th consecutive year of high growth was also a very challenging year; we had to adapt our strategic plan to maintain growth despite the difficult economic situation of the last 12 months

To support this growth, we have worked on the aspect “customer service” at all levels, massive hiring, training programs, a complete and better defined organizational structure, a service adapted to advanced solutions.  Complete coverage in English, French and Spanish and yet more! We now consider to have regained one of the best after-sales services in our area and we are proud of it.

The year 2010 will be a year of innovation at iWeb.  Indeed, we have begun several major projets and our development teams are more willing than ever to deliver value-added services you’ll like.  We are ready to face 2010; are you ready to enjoy it?

The complete financial statements and management report of the Company are available on the websites www.sedar.com and investors.iweb.com.

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iWeb Annual Revenues Increase From $15M to $27M

For 2009 financial year end, the Canadian IT infrastructure provider sees its revenues increase by 74%

MONTREAL, QUEBEC – December 21, 2009 – iWeb (TSX-V : IWB), a global provider of Internet hosting services and IT infrastructure, today released its financial results for the year ended September 30, 2009. The complete financial statements and management report of the Company are available on the websites www.sedar.com and investors.iweb.com.

Financial Highlights:

§  Revenues increase by 74% to $27.1M in 2009 compared to $15.6M for 2008

§  Adjusted EBITDA¹ at $6.6M for 2009; 24.3% of revenues

§  Operating income of $390,000 compared to a loss of $134,000 one year earlier, an improvement of $524,000

§  Cash flows generated from operations of $6.2M

§  Additional financing facility of $3M with its major Canadian banking partner

“Revenue growth has been a priority for iWeb in 2009″ says Eric Chouinard, iWeb President and Chairman. “We are very proud of the 74% increase in revenues and the 71% increase of our Adjusted EBITDA, as well of our operating income. Our 5^th consecutive year of high growth was also a very challenging year; we had to adapt our strategic plan to maintain growth despite the difficult economic situation of the last 12 months.”

“By making a difference in our industry and for our clients, we also created additional value for our shareholders” says Martin Leclair, President, Products and Technologies. “The way businesses are consuming computing is evolving dramatically and iWeb is playing an important role in this technological shift by making it easy for businesses to migrate towards and adopt these new technologies. This represents an important opportunity, and we are actively working to be a part of it.”

Financial Review for 2009

Revenues for the year ended September 30, 2009 were $27.1M, an increase of $11.5M or 74% compared to 2008 revenues of $15.6M.

Adjusted EBITDA were $6.6M (24.3% of revenues) compared to $3.9M (24.7% of revenues) for 2008.

Cash flows generated from operations increased to $6.2M in 2009, compared to $3.6M for 2008. In the last 12-month period, the company acquired tangible and intangible assets for an amount of $9.1M.

In addition, in order to finance expenses related to its future data center, the Company is working actively in setting an additional financing facility.

Key Financial Data (in thousands of dollars, except per share amounts)

1- T The Company defines Adjusted EBITDA as earnings before financial expenses, income taxes, amortization, and stock-based compensation, unrealized exchange gain/loss and straight-line amortization of rental expense.

About iWeb Group Inc.

iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secured data centers in Montreal. Since 2004, the company’s compounded annual growth rate has been above 75%, making it one of Canada’s 100 fastest growing companies according to PROFIT Magazine.

Founded in 1996 in Montreal, iWeb now generates more than 60% of its revenues from abroad; and employs over 170 full-time employees providing Dedicated Server Hosting, Co-location and Web Hosting services to close to 20,000 customers in 145 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V: IWB); for more information please consult the Company’s website:http://investors.iweb.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 news release.

- 30 -

For more information

A few days ago, we published an official press release about the beginning of the auditing process leading to the SAS 70 certification for our Montreal infrastructures. This press release is geared to financial analysts and to  people who have no technical knowledge.  If you are like me, you wonder “what SAS 70 audit is and what this changes in our business.”

By obtaining the SAS 70 standard iWeb will meet the strict needs and requirements of organizations who process personal and confidential information, such as financial institutions, governments agencies and law firms.  For resellers, this will give them a further advantage vis-à-vis your customers.

We will therefore be audited on human resources, physical security of our data centers as well as our environmental footprint.

For more details on the 3 parties that will be audited, we prepared 2 videos describing the impacts on our operations and yours.

This is the first, by Michel Thivierge, Director of Human Resources.

MONTREAL, December 18 /CNW Telbec/ – iWeb Group Inc. (TSX-V: IWB), iWeb, a global provider of Internet hosting service and IT infrastructure, will release the financial results for its 2009 fiscal year on Monday, December 21st 2009 after the markets close. The conference call hosted by Management, along with a question-and-answer session to discuss earnings, will take place after the holidays, on Wednesday January 6th 2010, at 10:00 A.M. (EST).

The gap between the results release and the conference call is for seasonal reasons exclusively.

President and CEO Eric Chouinard, Executive Vice President Marc Guindon and CFO Philip Tousignant will be present to discuss iWeb’s financial results for the twelve month and three month periods ended September 30, 2009, and then take questions from securities analysts.

To access the conference call by telephone, dial 1-888-231-8192. Please connect approximately 15 minutes prior to the beginning of the call. The conference call will be archived for replay until Wednesday, January 13, 2009, at midnight. To access the archived conference call, dial 514-807-9274 or toll-free 1-800-642-1687 and enter the reservation number: 48222932.

About iWeb Group Inc.

iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. Since 2004, the company’s compounded annual growth rate has been above 75%, making it one of Canada’s 100 fastest growing companies according to PROFIT Magazine.

Founded in 1996 in Montreal, iWeb now generates more than 60% of its revenues from abroad; with 174 employees providing Dedicated Server Hosting, Co-location and Web Hosting services to more than 20,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V : IWB),
for more information please consult the Company’s website: http://investors.iweb.com

For further information:

Philip Tousignant,
Chief Financial Officer,
iWeb Group Inc.,
Tel: (514) 286-4242 ext. 149,
ptousignant@iweb.com;

Bernard Dahl,
Investor Relations,
Presentis,
Tel: (514) 802-2801,
bernard@presentis.ca