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.

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

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

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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

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

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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

Montreal, Qc, June 28 2010 – iWeb (TSX.V – IWB), a global provider of IT Infrastructure and Internet hosting services, achieves its third consecutive ranking on the Profit100, the annual ranking of Canadian companies based on 5-year revenue growth.

iWeb’s revenue grew to over $27.1 Million in 2009, from $1.6 Million in 2004, a 1644% growth which moved iWeb into the 31^st position, up from 85^th the year before and 100^th in 2008.

Recently named to Canada’s Top 40 Under 40, CEO Eric Chouinard credits iWeb’s team; “It is impressive to see how innovative and passionate our team has become. Everyone has put so much into reaching their targets and objectives. iWeb’s growth, almost entirely organic, is the result of this collective effort!”

iWeb’s 5 year growth, in numbers*:

*rounded figures

About PROFIT Magazine:

PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5 to 250 employees and annual revenue of $1 million to $25 million, reaching 306,000 readers across Canada. Visit PROFIT online at http://www.PROFITmagazine.ca.

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

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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

Montreal, Qc, June 7th, 2010 – iWeb.com is pleased to announce that Eric Chouinard has been named a Recipient of Canada’s Top 40 Under 40 TM for 2009.

“This is an overwhelming and very humbling experience, I am very grateful and honored to find myself among a very special group of individuals.” says the Montreal-born entrepreneur, who recently graduated from the MIT entrepreneurial program. “I’d like to thank everyone at iWeb, my wife, and my three children, with whom I proudly share this recognition – this wouldn’t have been possible without all of them!”

iWeb is a Canadian provider of IT infrastructure and Internet hosting services, with 22,000 clients in 150 countries.

“This is a well-earned achievement for Eric, who has devoted himself to iWeb’s growth for the past 15 years ” adds Martin Leclair, iWeb’s President of Products and Technologies, with whom Eric co-founded the company. “ We congratulate him and are very proud to be working together to help companies find new and better ways to consume computing. ”

Selected from over 1,200 nominees by an independent Advisory Board, comprised of 25 business leaders from across Canada, Eric and his peers were chosen on five key criteria: vision and leadership; innovation and achievement; impact; community involvement and contribution; and strategy for growth.

Canada’s Top 40 Under 40 TM is a prestigious national award program, which annually honours 40 Canadians in the private, public and not-for-profit sectors under the age of 40. The program, now in its 15th year, is managed by founding sponsor, The Caldwell Partners International. In addition to The Caldwell Partners, national sponsors include Deloitte, National Bank Financial, The Globe and Mail, and WestJet.

About iWeb Group Inc. (iWeb.com)

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 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

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For further information:

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

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

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

MONTREAL, May 14th – iWeb Group Inc. (TSX-V: IWB), a global provider of Internet hosting services and IT infrastructure, will release the financial results for the second quarter of its 2010 fiscal year on Wednesday, May 19th 2010, after the markets close. The conference call hosted by Management, along with a question-and-answer session to discuss earnings, will take place on Thursday, May 20th, 2010, at 11:00 A.M. (EDT).

President and CEO Eric Chouinard will be joined by CFO Philip Tousignant to discuss iWeb’s financial results for the quarter ended March 31st, 2010, and then take questions from securities analysts.

To access the conference call by telephone, dial 1-888-231-8191. Please connect approximately 15 minutes prior to the beginning of the call. The conference call will be archived for replay until Thursday, May 27th, 2010, at midnight. To access the archived conference call, dial 416-849-0833 or toll-free 1-800-642-1687 and enter the reservation number: 75606631.

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

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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

MONTREAL, QUEBEC – April 8, 2010 – iWeb Group Inc. (TSX-V: IWB), a global provider of Internet hosting services and IT infrastructure, confirms the completion of a new $3 million financing agreement with BMO Bank of Montreal, one of its major financial partners.

iWeb’s Chief Financial Officer, Philip Tousignant, announced that the increased facility will be used to finance iWeb’s pool of servers including the initial 3,000 servers to be provisioned in the Company’s new data center. Once it reaches capacity, iWeb’s fourth Montreal data center will have an estimated 20,000 dedicated servers online.

The $3 million credit facility will bear interest at prime rate plus 2% (4.25% as of today) , payable in monthly instalments over 42 months. The agreement also includes a 0.5% reduction in the interest rate on the outstanding amount of the previous facilities (balance owed of 3.1M$ as of March 31, 2010). Finally, an additional facility for foreign exchange contracts is included in this agreement.

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 180 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

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

For further information:

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
bernard@presentis.ca

MONTREAL, QUEBEC - March 18, 2010 – iWeb Group Inc. (TSX-V: IWB), a global provider of Internet hosting services and IT infrastructure, confirms the conclusion of a $3 Million USD financing agreement with Goldman Sachs.

“This funding will be used to complete the infrastructure for the first phase of iWeb’s latest Montreal data center. Estimated at just over $ 2.5 Million, infrastructure construction work should be completed during the upcoming weeks” says Philip Tousignant, iWeb’s Chief Financial Officer. “iWeb’s fourth data center should be putting its first servers online this summer; these new servers will be provisioned using a new automated process.”

The $3 Million USD financing agreement is in addition to the $10 Million USD agreement previously obtained from Goldman Sachs in August 2008. Totalling $13 Million USD, the loan will be subject to a 17% interest rate and matures in August 2013. The new portion of the loan also carries a premium based on the value of the Company’s shares, payable at maturity in 2013.

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 total 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 more than 145 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V: IWB); for more information please consult: http://investors.iweb.com

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

For further information: