iWeb Communities: Blog

Our CEO, Eric Chouinard, recorded this fun message to wish you all Happy Holidays and a very good year 2011! (more…)

iWeb recently presented its fourth quarter and fiscal 2010 financial results.

Here is the audio recording of the teleconference iWeb held with management team on monday, december 20th to discuss the results. (more…)

For several years iWeb has offered Parallels’ Plesk Panel as an excellent, optional, control panel.

Parallels has just released its latest version, Plesk 10 which will be supported on iweb servers shortly. Some users attempting to upgrade from previous Plesk versions to this latest version on their own have experienced some difficulties. (more…)

iWeb today released its financial results for the year ended September 30, 2010.

The complete financial statements and Management’s discussion and analysis are available on http://investors.iweb.com and http://www.sedar.com.

Consult the official press release.

The iWeb Group presents its fourth quarter and fiscal 2010 financial results.

MONTREAL (QUEBEC) – December 17, 2010 – 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, 2010. The complete financial statements and Management’s discussion and analysis are available on http://investors.iweb.com and http://www.sedar.com.

Fourth-quarter highlights:
+ Revenues of to US$7.7M for the quarter, compared to US$6.3M in 2009.
+ EBITDA reaches US$1.8M (24% of revenues), nearly double the US$1.0M (16% of revenues) reported for Q4 2009
+ Net income of $56 000 for the quarter

2010 financial and operational highlights:
+ 26% revenues increase, from US$23.1M in 2009 to US$29M in 2010
+ EBITDA US$7.8M (27% of revenue)
+ Total assets reach US$40M
+ Small net loss of US $28 000 ($0.010 per share)
+ Capacity increased to 34,000 dedicated servers with opening of a fourth data center
+ Launch of “Smart ServersTM” in October; powered by proprietary virtualization technology
+ Eric Chouinard, CEO, named to prestigious “Canada’s Top 40 Under 40”

“The fourth quarter allowed us to finish the year on a high note, with sales contributing to record revenues of US$29 million for 2010,” said Eric Chouinard, President of iWeb. “With the fully automated data center now online, the availability of the “Smart LayerTM” and the October launch of “Smart ServersTM”, we can now adjust our service offer on demand – which will allow us to continue delivering sustainable growth in the years to come. This platform is iWeb’s most important technological innovation to date, and innovation has always been the engine of iWeb’s growth.”

“Throughout the year, we have been able to continue delivering positive results, despite the uncertain economic environment. The pace of recovery has been somewhat slower than we would have liked,” shared Martin Leclair, President, Products and Technologies. “Having said that, we firmly believe that our ongoing investments in innovation and the priority we give to the needs of our customers will help us achieve sustainable growth in the coming years. Our success would not have been possible without the daily dedication of our employees and I thank them for another exceptional year.”

Financial review

Unless otherwise indicated, all amounts are in US dollars (US). Since September 30, 2010, the Company’s financial results are presented in US dollars.

Revenues for the year ended September 30, 2010 increased to $29 million from $23 million in 2009, a 26% increase over twelve months.
EBITDA was $7.8 million or 26.8% of revenues, up from $5.5 million (24.0% of revenues) in 2009.
Cash flow generated from operations was $5.4 million for the year, similar to the $5.2 million for the prior year.
For fiscal 2010, the acquisition of tangible and intangible assets totalled $9.3 million, compared to $7.7 million in 2009. The amounts invested were used for the construction of the fourth data center, iWeb-NE, the addition of servers throughout the year, an additional generator for the iWeb-CO data center, as well as the development costs associated with internal systems to enable full automation of the new iWeb-NE center.

Selected financial data (in thousands of US dollars, except per share amounts)

Fiscal year ended September 30

* Refer to the “Selected financial information” section of Management’s discussion and analysis (MD&A) for a description of Adjusted EBITDA.

About iWeb Group Inc. (iWeb.com)

iWeb provides Internet hosting services and IT infrastructure to nearly 24,000 customers in 150 countries. With its four data centers, iWeb’s total capacity has reached 34,000 dedicated servers, over 1,100 co-location cabinets and 77 Gigabits per second (Gbps) of Internet connectivity, from 9 separate providers.

One of Canada’s 100 fastest growing companies according to PROFIT Magazine, iWeb now generates more than 60% of its revenues from abroad. Founded in 1996 in Montreal, iWeb shares are traded on the TSX Venture Exchange under the symbol “IWB”.

Forward-looking statements

This release contains forward-looking statements relate to future events or iWeb’s future economic performance and reflect assumptions and current expectations of management. Certain unknown factors may affect the events, financial performance and operating results. iWeb is not obligated to update or revise publicly any forward-looking statements result of new information, future events or other factors, unless applicable law requires it. The TSX Venture Exchange assumes no responsibility for the adequacy or accuracy of this release.

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Information:

http://investors.iweb.com

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

Bernard Dahl
Investor Relations / Media Relations
Presentis
(514) 802-2801

Let’s face it, computer hardware is not always reliable. Do you know someone who has never suffered the inconvenience of a breakdown, either on his personal computer, desktop or server?

Each company decides to protect itself according to the impact that a breakdown can have on their service (or worse, a loss of data), on its activities or those of its customers.

There are several levels of redundancy, that we grouped into 5 categories in this article. These levels of redundancy are an “insurance policy” that will serve to maintain control and a cool head when the inevitable happens and your server stops working. (more…)

iWeb has successfully been granted Statement on Auditing Standards No. 70 (SAS 70) Type II Certification for its iWeb-CO co-location hosting services data center located in Montreal.

The SAS 70 standard is a widely recognized auditing standard that confirms, after an audit from a independent, external firm, that the company has control procedures and that they are adequately implemented. (more…)