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