iWeb Communities: Blog

Last Wednesday was held the eighth edition of the Webcom international conference in Montreal. Nearly 1,000 people gathered in the premises of the International Civil Aviation Organization (ICAO) to attend over 30 meetings and conferences about interactive communications and Web 2.0. (more…)

iWeb today announced that as of the end of May, Executive Vice-President of Resources Marc Guindon‘s role within the organization will move from an operational one to a more strategic involvement, notably as a member of the board of directors, as well as coaching the other members of management.

Reaching the conclusion of an intergenerational knowledge transfer, the former Executive Vice President of Resources will assume a more advisory role within the organization. Mr. Guindon, who previously served as Chief Financial Officer, will remain active on iWeb’s board of directors, where he has been serving since March of 2009, in addition to being a member of the Audit Committee.

He will also be involved as a consultant for various special projects, including eventual acquisition plans. [Read the press release]

MONTREAL (QUEBEC), May 27, 2010 – iWeb (TSX-V: IWB), a global provider of IT infrastructure and web hosting services, today announced that as of the end of May, Executive Vice-President of Resources Marc Guindon‘s role within the organization will move from an operational one to a more strategic involvement, notably as a member of the board of directors, as well as coaching the other members of management.

“Marc has played a very important role in iWeb’s maturing process, since the IPO in 2004” says Eric Chouinard, CEO and cofounder of the company that now hosts 12,500 dedicated servers in its Montreal Data centers. “This is a great example of successful knowledge transfer and mentoring.”

Mr. Guindon, who previously served as Chief Financial Officer, will remain active on iWeb’s board of directors, where he has been serving since March of 2009, in addition to being a member of the Audit Committee. He will also be involved as a consultant for various special projects, including eventual acquisition plans.

“It would be very hard to find a better coach” said Philip Tousignant, who became iWeb’s Chief Financial Officer in 2008. “We are very pleased to be able to count on Marc’s expertise on our board of directors.”

Regarding his career transition, Mr. Guindon said: “Being involved with a company that plays such a pivotal role in Quebec’s IT development has been an extraordinary experience. iWeb is in very good hands at this point, for the benefit of our customers and shareholders. All the better if I have contributed to its success.” he concludes, with his typical straightforwardness.

Marc Guindon, was member of the Order of Chartered Accountants of Québec and Ontario. He joined iWeb in 2004 as Chief Financial Officer, shortly before the company’s initial public offering (IPO), to eventually become Executive Vice-President, Resources, in October 2008. Having spent the early stages of his career at Ernst &Young, Mr. Guindon then joined the SNC Group as Vice-President of Finance, later filling the same position with Treco, a division of the Canam-Manac Group. Following the creation of two groups of industrial companies, he sold his interests and retired (for the first time) in 1996, before joining iWeb.

As of June 1st 2010, iWeb’s senior management will consist of:
• Eric Chouinard, President, CEO and cofounder
• Martin Leclair, President, Products and Technology, cofounder
• Philip Tousignant, Chief Financial Officer
• Cyril Mertès, Chief Technology Officer

About iWeb Group Inc. (iWeb.com)

iWeb.com is a worldwide provider of Internet hosting services and IT Infrastructure. With the opening of its fourth secured 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 22,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V: IWB); for more information please consult: http://about.iweb.com

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For more information, please contact:

Philip Tousignant
iWeb Group Inc.
Chief Financial Officer
(514) 286-4242 ext. 2149
ptousignant@iweb.com

Bernard Dahl
Presentis
Investor Relations / Media Relations
(514) 802-2801
bernard@presentis.ca

iWeb presented yesterday its financial results for the second quarter of 2010. For the occasion a telephone conference call for investors and financial analysts was organized.

The conference attended by Eric Chouinard, iWeb’s president, and Philip Tousignant, Chief Financial Officer, has been recorded and we make it available for replay at the bottom of this article.

That same day, Eric Chouinard was also invited to participate in a televised interview on the show “On s’investit” on the specialized channel Argent where he answered reporter Francois Gagnon’s questions about iWeb results and future projects. (more…)

iWeb announces its financial results for the second quarter ended March 31st, 2010. The IT Infrastructure provider continues the consolidation of its growth with an increase in revenue. [Read the press release...]

The IT Infrastructure provider continues the consolidation of its growth with an increase in revenue

MONTREAL (QUEBEC) – May 19, 2010 –iWeb Group Inc. (TSX-V: IWB), a global provider of IT infrastructure and Internet hosting services, announces its financial results for the second quarter ended March 31st, 2010.

Financial Highlights:

• Revenues reached $7.4 M, a 7% year-over-year increase (a 22% increase at constant exchange rate)
• Adjusted EBITDA of $2.1 M, representing 28.3% of revenue
• Net profit jumped to $389,000, compared to the $246,000 loss reported a year ago
• Operating profit nearly doubled, from $120,000 in 2009, to $234,000 for the same quarter of 2010
• Operating cash flow of $1.5 M

“iWeb is focused is on the next phase of the company’s growth, in which the automation of its fourth Data Center will play an important role. During these important developments, iWeb will pay close attention to the profitability of its operations” said Eric Chouinard, President and Chairman of the board.

Philip Tousignant, the company’s Chief Financial Officer added that “given the moderate pace of the economic recovery, iWeb aims at the optimisation of resources and expenses in order to be ready to meet the anticipated market demand once it returns to normal, as well as ensuring the proper deployment of current projects.”

Financial Review: second quarter of 2010

Revenues for the second quarter were up 7% to $7.4M, from $6.9M in the second quarter of 2009. Using the same exchange rates as the previous year, revenues would have been higher than the same quarter of 2009, by 22%.

Adjusted EBITDA reached 28.3% of revenue at $2.1M, a slight improvement over the $1.9M (26.8% of revenue) reported one year earlier.

The Company’s net profit reached $389,000 from a loss of $246,000 in the second quarter of 2009, though both results are largely attributable to the unrealized gains and losses on exchange rates linked to iWeb’s long term debt in $USD.

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

Second quarter ended March 31
                                         2010      2009
Revenues                               $7,419    $6,933
Operating Profit                         $234      $120
Net Earnings (loss)                      $389     $(246)
Earnings (loss) per share – basic     $0.0138  $(0.0088)
Adjusted EBITDA1                       $2,100    $1,855
Adjusted EBITDA /revenue                 28.3%     26.8%
Cash flow from operations              $1,520    $1,339

                                       As at March 31, 2010      As at September 30, 2009
Total assets                            $36,898                  $32,990
Long term debt, including derivatives   $19,990                  $17,524
Shareholder’s equity                     $7,116                   $6,365
Cash and term deposits                   $4,441                   $2,215

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 Discussion and Analysis (MD&A) of the company are available at www.sedar.com and investors.iweb.com.

About iWeb Group Inc. (iWeb.com)

iWeb.com is a worldwide provider of Internet hosting services and IT Infrastructure. With the opening of its fourth secured 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 22,000 customers in 150 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 may contain 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.

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For more information, please contact:

Philip Tousignant
iWeb Group Inc.
Chief Financial Officer
(514) 286-4242 extension 2149
ptousignant@iweb.com

Bernard Dahl
Presentis
Investor Relations / Media Relations
(514) 802-2801
bernard@presentis.ca

What do companies like Aldo, Leger Marketing and iWeb Technologies have in common? Their leaders have all been recruited as « coach-entrepreneurs » at the School of Entrepreneurship in Beauce (EEB).

Eric Chouinard, President and CEO of iWeb joins a team that includes Aldo Bensadoun and Jean-Marc Leger as well as about twenty other entrepreneurs that Marc Dutil, Chairman of the Board of the EEB, presents as « high-level, enthusiastic and who strongly believe in the potential of emerging entrepreneurs ». (more…)