iWeb Communities: Blog

Montreal, Quebec, August 24, 2010 – iWeb Group Inc. (TSX-V : IWB) (« iWeb » or the « Company »), a provider of IT infrastructure and Internet hosting services to clients in 150 countries, announced its results for the third quarter of 2010.

Financial highlights for 2010 third quarter:

• Revenues increased to $7.5M, from $7.2M in Q3 2009
• $2M Adjusted EBITDA, or 27% of revenue
• Operating loss of $152,000, down from an operating profit of $261,000 one year prior
• Net loss of $645,000, compared to net earnings of $1M in Q3-2009, due mostly to exchange rate variations on long-term debt in USD

“iWeb has been pursuing several key operational targets throughout the third quarter, like the reorganisation of many internal technological resources and securing the financing for ongoing projects”, said Eric Chouinard, President and Chief Executive Officer of iWeb, adding that “many important technological developments, related to iWeb’s new data center in Montreal, have been deployed during the quarter. iWeb expects the results of these developments to act as a catalyst for its return to growth” added the Company’s cofounder, named to “Canada’s Top 40 Under 40^TM” in June, a recognition of his accomplishments with iWeb. Continue reading »

Montreal, Quebec, August 24, 2010 – iWeb Group Inc. (TSX-V : IWB) (« iWeb » or the « Company »), a provider of IT infrastructure and Internet hosting services to clients in 150 countries, announced its results for the third quarter of 2010.

Financial highlights for 2010 third quarter:

• Revenues increased to $7.5M, from $7.2M in Q3 2009
• $2M Adjusted EBITDA, or 27% of revenue
• Operating loss of $152,000, down from an operating profit of $261,000 one year prior
• Net loss of $645,000, compared to net earnings of $1M in Q3-2009, due mostly to exchange rate variations on long-term debt in USD

“iWeb has been pursuing several key operational targets throughout the third quarter, like the reorganisation of many internal technological resources and securing the financing for ongoing projects”, said Eric Chouinard, President and Chief Executive Officer of iWeb, adding that “many important technological developments, related to iWeb’s new data center in Montreal, have been deployed during the quarter. iWeb expects the results of these developments to act as a catalyst for its return to growth” added the Company’s cofounder, named to “Canada’s Top 40 Under 40^TM” in June, a recognition of his accomplishments with iWeb.

Key Financial Data (in thousands, 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, loss on write-off of assets and straight-line amortization of rental expense.

Third Quarter 2010 Financial Review:

Revenues increased 4% to $7.5M from $7.2M during the same quarter of 2009. Using the 2009 USD/CAD exchange rates, revenues would have increased 18% to $8.5M.

Adjusted EBITDA is $2M, representing 27% of revenues for the quarter, compared to $1.6M (23% of revenue) for Q3 2009.

Decrease in operating profit (loss of $152,000 in Q3-2010) compared to Q3-2009 is mainly explained by the rental expense of the new data center and a less favorable impact of the exchange rate variations between the USD and the CAD, on the Company’s operations.

Compared to the net profit of slightly over $1M reported for Q3 2009, the Company reports a net loss of $645,000 for this quarter. The variation between the quarters is mostly attributable to the changes in the rate of conversion of the long-term debt in USD that must be converted to CAD for reporting purposes, while the balance is attributable to the operating loss.

Complete interim financial statements and Management’s Discussion and Analysis (MD&A) of the Company are available on iWeb’s investor web site (http://investors.iweb.com) and SEDAR (http://www.sedar.com).

About iWeb Group Inc. (iWeb.com)

iWeb.com is a worldwide provider of Internet hosting services and IT Infrastructure, and one of Canada’s 100 fastest growing companies according to PROFIT Magazine. From 2004 to 2009, the Company’s compounded annual growth rate has been above 75%. With the opening of its fourth secured data center in Montreal, iWeb’s capacity will near 35,000 dedicated servers.

Founded in 1996 in Montreal, iWeb now generates more than 60% of its revenues from abroad; and employs over 185 full-time employees providing Dedicated Server Hosting, Co-location and Web Hosting services to more than 22,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V: IWB).

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For more information:

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

If you get a new dedicated server, it’s very likely that you’d use it as a web server, or alternatively as a database server or file (assets) server. These represents the vast majority of cases.

From time to time though, we do see people using a server in very original ways, sometimes with bewilderment, sometimes with a blank stare, but most of the times amazed at the creativity. As a fun exercise, I’ve made a (short) list of creative ways on using a server. A few of them are useful and you could probably and run them on your machine, although my guess is that they’ll stay as as exceptions.  (more…)

We always like to showcase your projects and share your good moves with iWeb’s community. Earlier this week we talked with developper Jerôme Gravel-Niquet about his latest project, an extention for the Safari browser, named Ostrich (http://ostrichapp.com/). (more…)

To end the summer on a high note iWeb’s marketing team has decided to rock the house and to literally slash prices on servers in promotion.

I felt like plugging this offer on the blog because I think many of you will find it very interesting.

If you planned on getting a dedicated server from iWeb without blowing your budget, it’s really now or never .
(more…)

iWeb has recently been voted one of the most popular web hosting companies by webhosting industry specialized website, Dedicated Server Directory

Part of the Serchen Network, this site lists all the webhosting companies in Canada and the United States. Every month it ranks the 25 most popular companies listed on their directory. (more…)

Always trying to be more efficient in all of our activities, and to generally improve our service, iWeb recently acquired new tools to better follow the activities related to customer service.

We notably installed a specialized workstation with 10 attached screens (8 of them are installed “in the air”) that will allow us to better monitor the activity occurring on iWeb’s network. It will help us being more proactive and respond faster to emergencies if need be. (more…)

MONTREAL, QUEBEC – July 20, 2010 – iWeb Group Inc. (TSX-V: IWB) (the “Company”), announces that it has granted a total of 1,253,000 stock options under its stock option plan to members of its management team (including insiders), as well to key employees of the Company, at an exercise price of $0.75 each. The options will vest one third at the time, at each anniversary date. The options will expire in five years.

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 180 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

-30-

For more information

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

MONTREAL, QUÉBEC – July 15, 2010 – iWeb Group Inc. (TSXV: IWB) (the “Company”) announced today that its Board of Directors has approved the increase of the number of shares reserved for issuance pursuant to the Stock Option Plan. The number of shares will be increased to 5,632,252 shares (i.e. 20% of iWeb’s outstanding shares), all subject to the disinterested shareholders’ approval on the next shareholders meeting to be held in March 2011. Any options issued pursuant to the plan permitting the issuance of shares beyond the limit of 4,227,673 common shares will not be exercised by its beneficiary before the approval of the increase by the disinterested shareholders.

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 180 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

-30-

For more information

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

Some time ago we published a series of interviews with our customers. After a few months break we decided to carry on and this time, Laurent Maisonnave, from Ze Agence, gracefully accepted to answer iWeb’s questions. (more…)