iWeb Communities: Blog

iWeb  announced its financial results for the first quarter ended December 31, 2009.

First Quarter Financial Highlights:

• Revenues increased to $7.2 million from $6.1 million, up 19% compared to the same quarter of the previous fiscal year
• Adjusted EBITDA of $2.1 million during the first quarter; 28.4% of revenue
• Net income increased to $180,000 compared to the $1,248,000 loss reported a year ago
• Fourth data center confirmed with a total capacity of 20,000 servers

“Revenue growth for this quarter, nearly 20%, reflects our strong position in the IT infrastructure market,” said Eric Chouinard, President and CEO, adding that “the Company’s focus is on the consolidation of its substantial growth over the past 5 years. The fourth data center, announced in January 2010, along with its additional capacity of 20,000 servers, will give us tools to continue our growth.

For more informations, read the integral version of this quarterly results

iWeb is pleased to announce the appointment of Mr. René Bousquet as a director of iWeb.

“We are proud that René Bousquet has accepted to be a director of the Company. His past experience, especially in executive positions, as the person responsible for finance, for marketing and then as president of a major telecommunication company will bring us new ideas and reinforce our existing marketing team. In addition, René will be the president of a new board of directors’ committee, the Strategy Committee.” says Eric Chouinard, iWeb’s President and CEO.

For more information, read the integral version of this announcement.

MONTREAL, QUEBEC – February 22, 2010 – iWeb Group Inc. (TSX-V: IWB), a global provider of Internet hosting services and IT infrastructure, announces that it has granted 170,000 stock options to members of its board of directors under its stock option plan, at an exercise price of $0.90 each. Half of the options will vest after three months of the date of the grant, and the second half, three months later. The options will expire on February 19, 2015.

About iWeb Group Inc.

iWeb is a worldwide provider of Internet hosting services and IT Infrastructure. With the opening of its fourth data center in Montreal, iWeb’s capacity will near 35,000 dedicated servers. 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: http://investors.iweb.com

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

MONTREAL, QUEBEC – February 22, 2010 – iWeb Group inc. is pleased to announce the appointment of Mr. René Bousquet as a director of iWeb.

“We are proud that René Bousquet has accepted to be a director of the Company. His past experience, especially in executive positions, as the person responsible for finance, for marketing and then as president of a major telecommunication company will bring us new ideas and reinforce our existing marketing team. In addition, René will be the president of a new board of directors’ committee, the Strategy Committee.” says Eric Chouinard, iWeb’s President and CEO.

Graduate in Business Administration from the University of Sherbrooke, René Bousquet initiated his career at Price Waterhouse in strategic management and market research. As an expert in consumer behavior and retailing, he was co-author of Price Waterhouse’s Canadian Retail Outlook annual publication. In the following years, he held various executive positions at Microcell Telecommunications Inc., particularly Vice-President, Finance and Vice-President, Marketing during which he was awarded Marketing Man of the Year in 2004 by the Montreal Marketing Association. Subsequent to the acquisition of Microcell by Rogers, he was appointed President of Fido. In 2006, he joined Trio Capital Inc., a private investment firm, as a Partner. Recently, he was appointed Chief Commercial Officer for TerreStar Solutions.

About iWeb Group Inc.

iWeb is a worldwide provider of Internet hosting services and IT Infrastructure. With the opening of its fourth data center in Montreal, iWeb’s capacity will near 35,000 dedicated servers. 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 visit investors.iweb.com

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

iWeb Announces First Quarter Revenues up 19% to $7.2M

MONTREAL, QUEBEC – February 22, 2010 – iWeb Group Inc. (TSX-V: IWB), a global provider of Internet hosting services and IT infrastructure, today announced its financial results for the first quarter ended December 31, 2009.

First Quarter Financial Highlights:

• Revenues increased to $7.2 million from $6.1 million, up 19% compared to the same quarter of the previous fiscal year

• Adjusted EBITDA of $2.1 million during the first quarter; 28.4% of revenue

• Net income increased to $180,000 compared to the $1,248,000 loss reported a year ago

• Fourth data center confirmed with a total capacity of 20,000 servers

“Revenue growth for this quarter, nearly 20%, reflects our strong position in the IT infrastructure market,” said Eric Chouinard, President and CEO, adding that “the Company’s focus is on the consolidation of its substantial growth over the past 5 years. The fourth data center, announced in January 2010, along with its additional capacity of 20,000 servers, will give us tools to continue our growth.

“Virtually every significant figure in iWeb’s financial results has improved,” says Chief Financial Officer Philip Tousignant. “Revenues are up 19%, EBITDA exceeds $2 million, net results are now positive and cash flows from operations increased by 40%.”

First quarter of 2010 Financial Review

Revenues for the quarter ended December 31, 2009 were $7.2M, an increase of $1.2M or 19% compared to first quarter of 2009 ($6.1M).

Adjusted EBITDA was $2.1M (28.4% of revenues) for the quarter ended December 31, 2009 compared to $1.9M (31.3% of revenues) for the quarter ended December 31, 2008.

The Company recorded a net income of $180,000 for the quarter ended December 31, 2009, compared to a net loss of $1,248,000 for the comparative period last year. Last year’s loss was due to the unrealized exchange loss on the long-term debt.

Key Financial Data (‘000 $ except per share amounts)

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

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

About iWeb Group Inc.

iWeb is a worldwide provider of Internet hosting services and IT Infrastructure. With the opening of its fourth data center in Montreal, iWeb’s capacity will near 35,000 dedicated servers. 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: 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.

Here’s the latest iWeb releases:

Mac mini server edition:
What is Mac mini with Snow Leopard Server?

Exactly what you’d expect — a Mac mini specifically designed to be a server with Mac OS X Snow Leopard Server unlimited preinstalled. Instead of a SuperDrive, there are two 500GB hard drives that give you all the power and storage you need to help your group work more efficiently than ever.

SSD Drives:
Database servers just got better.
Can you imagine getting 350 X the speed of a standard HDD ?
That’s what a SSD is all about in average random access time.

Firewall (RV042 firewal + firewall management):
Iweb has now a full professionnal line of CISCO Firewalls to accomodate your needs.
Starting from as low as 49$ per month and which can also be taken care of by our team with a Firewall management Package, these product can be used to protect and secure a single server to a advanced clustered solution

Contact our Sales team now to take advantage of these new offers.

Hi folks, my name is Nik and I’m an Open Source Strategy Lead at Microsoft Canada. Yes, you read it right… Open Source and Microsoft. Many people get surprised when they hear my title, or when I tell them there’s a Technology Centre at Microsoft dedicated to making Open Source apps work well on Windows. Many will probably be surprised to hear that iWeb and Microsoft have been working together to offer a Windows Server package for running many popular Open Source applications. Why are we doing this?

In the past we’ve often heard our customers at iWeb and Microsoft Canada say: “Hey, I want to run a blog, or a CMS on my site. I use Windows, but want to use WordPress, or Drupal, or Joomla! What are you guys doing to make it easy for me?” Well, now we have an easy answer for you!

We’ve created an installer called…. Web Platform Installer — I know, we’re so creative in our naming –specifically for Open Source applications, including many popular PHP apps like WordPress, Gallery 2, Aquia Drupal, and most recently Joomla! It’s easy to get them running on Windows server with just a couple of clicks and filling out simple wizard for admin & database info. WebPI checks the server for what’s installed, such as the right version of PHP, modules, etc., understands all the dependencies, and then goes out and downloads + installs all the components. It’s crazy simple. You can read more on it here.

You may ask us why we care about PHP, or who would want to run OSS apps on Windows? I like the fact that with iWeb’s Windows Server package you get both the PHP and .NET frameworks installed, so now you’ll have access to both PHP apps and also .NET apps like DotNetNuke – from the Web Platform Installer. And you also get your choice of databases including SQL Server 2008 Express. And with iWeb’s dedicated server promo starting at $79/month, it’s an offer you can’t refuse!

I’d love to hear your feedback and suggestions about PHP apps on Windows, as we work with iWeb on more cool offers, so hit me up on twitter @Nik_G or @PHPonWindows.