Press Releases
Dedicated gets Smarter with iWeb’s Biggest Product Innovation to Date
MONTREAL, QUEBEC – October 14th, 2010 – iWeb Group Inc. (TSX-V: IWB) iWeb redefines dedicated servers with what is considered its biggest product innovation to date. This new product launch marks the first milestone of the company’s transformation into an innovative provider of automated on-demand server hosting services.
Introducing Smart Servers
Deployed in less than 2 hours and featuring a permanent remote console (KVM/IP), Gigabit blazing-fast local network connectivity and trouble-free migrations, Smart Server joins iWeb’s line of dedicated hosting products built to please web application and software developers in need of both server hosting flexibility and server hosting power.
“Smart Server redefines dedicated hosting by eliminating the pains associated with managing and using a dedicated server” said Martin Leclair, iWeb’s President of Products and Technology. “The customers buying a Smart Server today will not only get the current set of features, but will benefit from the constant evolution of the platform.” he added.
Smart Servers; Powered by Smart Layer in iWeb’s latest Datacenter
The Smart Server launch is the result of two years of intensive development efforts including construction of a new datacenter from the ground up with automation in mind. This new datacenter, iWeb’s 4th, is the home of an innovative server automation platform called Smart Layer which was built for instant provisioning and instant interconnection of up to 20,000 Smart Servers.
“Today’s product launch is less about the Smart Server itself and more about bringing a new infrastructure online that will be the base of iWeb’s next phase of growth.” said Cyrille Mertes, iWeb’s CTO. “It is the result of many months of hard work from our teams and marks the beginning of an important product transformation for iWeb and its customers. Our goal is to have our complete line of dedicated server products and options available under the new platform as Smart Servers in the next several months” he added.
Experience Smart Servers
Smart Servers are available starting at an introductory price of $99 per month with 10 different hardware configurations, the choice of CentOS, Debian or Ubuntu as the operating system and the option to install the cPanel hosting control panel. For a limited time, Smart Servers are packaged with a huge 10TB traffic allocation.
About iWeb
iWeb.com is a worldwide provider of Internet hosting services and IT Infrastructure dedicated to providing enterprises total control over a reliable and flawless on demand Internet hosting infrastructure through simple and smart solutions. With the opening of its fourth secured data center in Montreal, iWeb’s capacity will near 35,000 dedicated servers. From 2004 to 2009, 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 visit: http://www.iweb.com
iWeb reports 2010 third quarter results
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 40TM” in June, a recognition of his accomplishments with iWeb.
Key Financial Data (in thousands, except “per share” amounts)
|
|
|
Third Quarter ended June 30, 2010 | |
|
|
|
Q3 - 2010 | Q3 - 2009 |
| Revenues |
|
$7,494 | $7,179 |
| Operating Profit (Loss) |
|
$(152) | $261 |
| Net Earnings (Loss) |
|
$(645) | $1,023 |
| Earnings (Loss) per share – basic |
|
$(0.0229) | $0.0366 |
| Adjusted EBITDA1 |
|
$2,043 | $1,629 |
| Adjusted EBITDA / Revenues |
|
27.3 % | 22.7 % |
| Cash flows from operations |
|
$263 | $2,066 |
|
|
|
As at June 30,
2010 |
As at September 30,
2009 |
|
Total Assets |
|
$38,854 | $32,990 |
|
Long-term debt, including derivatives |
|
$20,775 | $17,524 |
| Shareholders’ equity |
|
$6,637 | $6,365 |
| Cash and cash equivalent and term deposits |
|
$1,609 | $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, 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
Bernard Dahl
Presentis
Investor Relations / Media Relations
(514) 802-2801
iWeb Grants Stock Options
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
Increase of the Number of Shares Reserved for Issuance pursuant to the Option Plan
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
iWeb 31st fastest growing company in Canada
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 31st position, up from 85th the year before and 100th 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*:
|
|
2009 |
2004 |
% increase |
| Revenue (in thousands $) |
27,146 |
1,556 |
1644% |
|
Dedicated Server capacity |
33,800 |
1,800 |
1778% |
|
Employees |
183 |
30 |
510% |
|
Data Centers |
4 |
1 |
300% |
|
Clients |
22,000 |
4,400 |
400% |
*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
iWeb CEO Eric Chouinard named to Canada’s Top 40 Under 40
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.
Marc Guindon assumes a more strategic role with iWeb
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 Announces its Second Quarter Results
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
iWeb to Release Second Quarter Results on Wednesday, May 19th
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
iWeb Increases Credit Facility
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
New $3 Million Financing Agreement for iWeb
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:
|
|
Bernard Dahl Investor Relations/Media Relations Presentis (514) 802-2801 bernard@presentis.ca
|
|
Philip Tousignant Chief Financial Officer iWeb Group Inc. (514) 286-4242 ext. 149 ptousignant@iweb.com |
iWeb Grants Stock Options
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
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
René Bousquet is appointed to iWeb’s board of directors
MONTREAL, QUEBEC – February 22, 2010 – iWeb Group inc. is pleased to announce the appointment of Mr. René Bousquet as a director of iWeb.
“We are proud that René Bousquet has accepted to be a director of the Company. His past experience, especially in executive positions, as the person responsible for finance, for marketing and then as president of a major telecommunication company will bring us new ideas and reinforce our existing marketing team. In addition, René will be the president of a new board of directors’ committee, the Strategy Committee.” says Eric Chouinard, iWeb’s President and CEO.
Graduate in Business Administration from the University of Sherbrooke, René Bousquet initiated his career at Price Waterhouse in strategic management and market research. As an expert in consumer behavior and retailing, he was co-author of Price Waterhouse’s Canadian Retail Outlook annual publication. In the following years, he held various executive positions at Microcell Telecommunications Inc., particularly Vice-President, Finance and Vice-President, Marketing during which he was awarded Marketing Man of the Year in 2004 by the Montreal Marketing Association. Subsequent to the acquisition of Microcell by Rogers, he was appointed President of Fido. In 2006, he joined Trio Capital Inc., a private investment firm, as a Partner. Recently, he was appointed Chief Commercial Officer for TerreStar Solutions.
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 visit investors.iweb.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
iWeb Announces First Quarter Revenues up 19% to $7.2M
iWeb Announces First Quarter Revenues up 19% to $7.2M
MONTREAL, QUEBEC – February 22, 2010 – iWeb Group Inc. (TSX-V: IWB), a global provider of Internet hosting services and IT infrastructure, today announced its financial results for the first quarter ended December 31, 2009.
First Quarter Financial Highlights:
-
Revenues increased to $7.2 million from $6.1 million, up 19% compared to the same quarter of the previous fiscal year
-
Adjusted EBITDA of $2.1 million during the first quarter; 28.4% of revenue
-
Net income increased to $180,000 compared to the $1,248,000 loss reported a year ago
-
Fourth data center confirmed with a total capacity of 20,000 servers
“Revenue growth for this quarter, nearly 20%, reflects our strong position in the IT infrastructure market,” said Eric Chouinard, President and CEO, adding that “the Company’s focus is on the consolidation of its substantial growth over the past 5 years. The fourth data center, announced in January 2010, along with its additional capacity of 20,000 servers, will give us tools to continue our growth.
“Virtually every significant figure in iWeb’s financial results has improved,” says Chief Financial Officer Philip Tousignant. “Revenues are up 19%, EBITDA exceeds $2 million, net results are now positive and cash flows from operations increased by 40%.”
First quarter of 2010 Financial Review
Revenues for the quarter ended December 31, 2009 were $7.2M, an increase of $1.2M or 19% compared to first quarter of 2009 ($6.1M).
Adjusted EBITDA was $2.1M (28.4% of revenues) for the quarter ended December 31, 2009 compared to $1.9M (31.3% of revenues) for the quarter ended December 31, 2008.
The Company recorded a net income of $180,000 for the quarter ended December 31, 2009, compared to a net loss of $1,248,000 for the comparative period last year. Last year’s loss was due to the unrealized exchange loss on the long-term debt.
Key Financial Data (‘000 $ except per share amounts)
|
|
First Quarter ended December 31 |
|
|||||||
|
|
2009 |
2008 |
|||||||
|
Revenues |
$7,249 |
$6,075 |
|
||||||
|
Gross Profit |
$2,905 |
$3,155 |
|
||||||
|
Operating income |
$3 |
$248 |
|
||||||
|
Net earnings (loss) |
$180 |
($1,248) |
|
||||||
|
Earnings (loss) per share – basic |
$0.0064 |
($0.0447) |
|
||||||
| Adjusted EBITDA1 |
$2,056 |
$1,899 |
|
||||||
|
Cash flows from operations |
$1,880 |
$1,337 |
|
||||||
|
|
|
|
|
||||||
|
|
As at December 31, 2009 |
As at September 30, 2009 |
|
||||||
|
Total assets |
$33,271 |
$32,990 |
|
||||||
|
Shareholders’ equity |
$6,640 |
$6,365 |
|
||||||
|
Cash and term deposits |
$2,023 |
$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 report of the Company are available at www.sedar.com and investors.iweb.com.
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
Caution concerning forward-looking statements
This news release contains 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.
iWeb to host 20,000 dedicated servers in a new data center in Montréal
This fourth data center will consolidate iWeb’s position as the leader in dedicated web hosting in Canada
MONTREAL, QUEBEC – January 12 2010 – iWeb (TSX-V : IWB), a global provider of Internet hosting services and IT Infrastructure announced its plans for a new 31,000 square feet data center, in the LaSalle borough (western part of Montreal), with the capacity to host 20,000 dedicated servers. This new facility will bring the total dedicated server capacity of iWeb to nearly 35,000 servers.
“The new data center will be built with automation in mind; automation is one of the Company’s priority in 2010” declared Cyrille Mertes, who was recently named iWeb’s Chief Technology Officer (CTO). “Because we are essentially building a new center, we can design it according to current standards with no restrictions due to previous technologies already installed.”
Scheduled to be brought online in April, the data center will initially have the capacity to host 3,000 servers. Because the building has never been used as a data center, it must be adapted to meet the Company’s strict operational standards. iWeb has signed a 30-year lease agreement, with options to purchase at regular intervals.
The facility will require an initial investment of $3 Million in infrastructure. During its recent fourth quarter results conference call with financial analysts, iWeb confirmed finalising a financing agreement with one of its main financial partners.
Details on the new center:
Size: 31,000 square feet
Capacity: 20,000 dedicated servers (phase I: 3,000 servers)
Electrical input: 6,000 Amps
Network: Redundant Fiber-optic interconnection to two of iWeb’s other data centers; iWeb’s current total network capacity is 76 Gbps
Investment: $3,000,000 (for phase I)
The new data center, like iWeb’s three current IP hosting facilities, will feature a redundant electrical system which will be entirely run through uninterrupted power systems (UPS), diesel-powered generators and a ventilation and cooling infrastructure. The facilities and the server will be protected by a multi-layered security system, including biometric recognition, video surveillance, secure access and a VESDA fire-prevention system.
About iWeb Group Inc.
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secured data centers in Montreal. 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://about.iweb.com
-30-
For more information:
Philip Tousignant
iWeb Group Inc.
Chief Financial Officer
(514) 286-4242 ext. 149
ptousignant@iweb.com
Bernard Dahl
Presentis
Investor Relations / Media Relations
(514) 802-2801
bernard@presentis.ca
iWeb Annual Revenues Increase From $15M to $27M
iWeb Annual Revenues Increase From $15M to $27M
For 2009 financial year end, the Canadian IT infrastructure provider sees its revenues increase by 74%
MONTREAL, QUEBEC – December 21, 2009 – 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, 2009. The complete financial statements and management report of the Company are available on the websites www.sedar.com and investors.iweb.com.
Financial Highlights:
§ Revenues increase by 74% to $27.1M in 2009 compared to $15.6M for 2008
§ Adjusted EBITDA1 at $6.6M for 2009; 24.3% of revenues
§ Operating income of $390,000 compared to a loss of $134,000 one year earlier, an improvement of $524,000
§ Cash flows generated from operations of $6.2M
§ Additional financing facility of $3M with its major Canadian banking partner
“Revenue growth has been a priority for iWeb in 2009″ says Eric Chouinard, iWeb President and Chairman. “We are very proud of the 74% increase in revenues and the 71% increase of our Adjusted EBITDA, as well of our operating income. Our 5th consecutive year of high growth was also a very challenging year; we had to adapt our strategic plan to maintain growth despite the difficult economic situation of the last 12 months.”
“By making a difference in our industry and for our clients, we also created additional value for our shareholders” says Martin Leclair, President, Products and Technologies. “The way businesses are consuming computing is evolving dramatically and iWeb is playing an important role in this technological shift by making it easy for businesses to migrate towards and adopt these new technologies. This represents an important opportunity, and we are actively working to be a part of it.”
Financial Review for 2009
Revenues for the year ended September 30, 2009 were $27.1M, an increase of $11.5M or 74% compared to 2008 revenues of $15.6M.
Adjusted EBITDA were $6.6M (24.3% of revenues) compared to $3.9M (24.7% of revenues) for 2008.
Cash flows generated from operations increased to $6.2M in 2009, compared to $3.6M for 2008. In the last 12-month period, the company acquired tangible and intangible assets for an amount of $9.1M.
In addition, in order to finance expenses related to its future data center, the Company is working actively in setting an additional financing facility.
Key Financial Data (in thousands of dollars, except per share amounts)
|
|
Financial year ended September 30 |
|||||||||
|
|
2009 |
2008 | ||||||||
| Revenues |
$27,146 |
$15,617 |
||||||||
| Gross Profit |
$12,614 |
$7,754 |
||||||||
| Operating income (loss) |
$390 |
$(134) |
||||||||
| Net earnings (loss) |
$4 |
$(701) |
||||||||
| Earnings (loss) per share – basic |
$0,0001 |
$(0,0264) |
||||||||
| Adjusted EBITDA |
$6,598 |
$3,853 |
||||||||
| Total assets |
$32,990 |
$29,145 |
||||||||
| Shareholders’ equity |
$6,365 |
$5,973 |
||||||||
| Cash and term deposits |
$2,215 |
$3,461 |
||||||||
| Cash flows from operations |
$6,157 |
$3,555 |
||||||||
1- T The Company defines Adjusted EBITDA as earnings before financial expenses, income taxes, amortization, and stock-based compensation, unrealized exchange gain/loss and straight-line amortization of rental expense.
About iWeb Group Inc.
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secured data centers in Montreal. 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 the Company’s website:http://investors.iweb.com
Caution concerning forward-looking statements
This news release contains 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.
- 30 -
For more information
| Philip Tousignant | Bernard Dahl |
| iWeb Group Inc. | Presentis |
| Chief Financial Officer | Investor relations and media |
| 514-286-4242 ext.149 | 514-802-2801 |
| ptousignant@iweb.com | bernard@presentis.ca |
iWeb to Release Fiscal 2009 Year-End Results on Monday, December 21st
MONTREAL, December 18 /CNW Telbec/ – iWeb Group Inc. (TSX-V: IWB), iWeb, a global provider of Internet hosting service and IT infrastructure, will release the financial results for its 2009 fiscal year on Monday, December 21st 2009 after the markets close. The conference call hosted by Management, along with a question-and-answer session to discuss earnings, will take place after the holidays, on Wednesday January 6th 2010, at 10:00 A.M. (EST).
The gap between the results release and the conference call is for seasonal reasons exclusively.
President and CEO Eric Chouinard, Executive Vice President Marc Guindon and CFO Philip Tousignant will be present to discuss iWeb’s financial results for the twelve month and three month periods ended September 30, 2009, and then take questions from securities analysts.
To access the conference call by telephone, dial 1-888-231-8192. Please connect approximately 15 minutes prior to the beginning of the call. The conference call will be archived for replay until Wednesday, January 13, 2009, at midnight. To access the archived conference call, dial 514-807-9274 or toll-free 1-800-642-1687 and enter the reservation number: 48222932.
About iWeb Group Inc.
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. 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; with 174 employees providing Dedicated Server Hosting, Co-location and Web Hosting services to more than 20,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V : IWB),
for more information please consult the Company’s website: http://investors.iweb.com
For further information:
Philip Tousignant,
Chief Financial Officer,
iWeb Group Inc.,
Tel: (514) 286-4242 ext. 149,
ptousignant@iweb.com;
Bernard Dahl,
Investor Relations,
Presentis,
Tel: (514) 802-2801,
bernard@presentis.ca
iWeb Begins SAS 70 Certification Process for its Montreal Data Center Facilities
Montreal, Qc, December 1st – iWeb announces the beginning of the auditing process which will lead to SAS 70 certification. By officially meeting this standard, the Canadian IT infrastructure provider will meet the strict needs and requirements of organizations and companies who process personal and confidential information, such as financial institutions, government agencies and law firms.
“These organizations must follow very strict guidelines for the processing of personal data and for their IT infrastructure, which limits their options tremendously when it comes to IT outsourcing” says Martin Leclair, President of Products and Technology. “It’s normal that the standards and practices governing the processing of such delicate information are very demanding. The SAS 70 certification will be a formal assurance to customers that iWeb’s current IT infrastructure comply with the highest standard,” added iWeb’s cofounder.
iWeb has selected Deloitte as their auditor for the SAS 70 Certification Process
The SAS 70 standard (Statement on Auditing Standards No.70) was developed by the American Institute of Certified Public Accountants (AICPA), and is an internationally recognized auditing standard. A SAS 70 examination signifies that a service organization, such as an Internet host and IT infrastructure provider, has had its control objectives and control activities examined by an independent accounting and auditing firm. SAS 70 certification helps a provider like iWeb to offset and minimize the risk of IT infrastructure outsourcing for their customers.
Definition of SAS 70 in Wikipedia: http://en.wikipedia.org/wiki/SAS_70
About iWeb Technologies (iWeb.com):
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. 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, and a regular addition to the Branham300 listing of top IT companies in Canada.
Founded in 1996 in Montreal, iWeb now generates more than 60% of its revenues from abroad; and has over 170 full-time employees providing Dedicated Server Hosting, Co-location and Web Hosting services to more than 21,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V : IWB); for more information please consult the Company’s website: http://about.iweb.com.
Philip Tousignant
iWeb Group Inc.
Chief Financial Officer
(514) 286-4242 ext. 149
ptousiqnant@iweb.com
Jean-Luc SansCartier
iWeb Group Inc.
Responsable communication
(514) 286-4242 ext. 114
jlsanscartiert@iweb.com
iWeb Announces Changes to Management Structure
Montreal, November 24 – iWeb is pleased to announce the following changes in the company’s management structure; Cyrille Mertès, formerly Vice-President of IT & Infrastructure is now Chief Technology Officer and Marc Trudel, formerly Senior Director, Customer Experience, becomes Vice-President, Operations. Mr. Mertès will be actively involved in the evolution and development of new technologies within the company while Mr. Trudel will overview most operational activities other than sales and marketing.
The newly created role of Chief Technology Officer will enable better synergy between iWeb’s Infrastructure, Development and Technology groups. Mr. Mertès will lead those groups with high availability and automation in mind. “iWeb’s efficiency depend on the technologies that automate our processes.”, said Mr. Mertès. “Automation will be our primary focus in the year to come”, he added.
Marc Trudel joined iWeb early in 2008 to spearhead the company’s customer service reorganisation project. Having since then raised customer satisfaction levels, he has also reengineered support processes by eliminating multiple weaknesses and integrating multiple operational functions into the customer service groups.
iWeb’s management team also includes
Eric Chouinard – Chairman and Chief Executive Officer
Martin Leclair – President of Products and Technologies
Philip Tousignant – Chief Financial Officer
Marc Guindon – Executive Vice-President of Resources
Sylvain Leclair – Vice-President of Sales and Marketing
Hugo Dénommée – Vice-President of Development and Automation
Michel Thivierge – Human Resources Director
About iWeb.com (iWeb Group Inc.)
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. 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 has over 170 full-time employees providing Dedicated Server Hosting, Co-location and Web Hosting services to more than 21,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V: IWB), for more information please consult the Company’s website: http://investors.iweb.com
For further information:
Philip Tousignant
iWeb Group Inc.
Chief Financial Officer
(514) 286-4242 ext. 149
ptousiqnant@iweb.com
iWeb Launches Continuous Backup Solution Featuring R1Soft CDP
FOR IMMEDIATE RELEASE:
MONTREAL (September 22, 2009) — iWeb announced today the availability of R1Soft Data Protection plans, an essential backup and disaster recovery service for its dedicated server clients.
Using R1Soft’s high-performance Continuous Data Protection® (CDP) technology, the new service allows bare-metal restore of dedicated servers for disaster recovery and business continuity. Customers can restore backed-up files and systems on a new server after a hardware failure, with file-level granularity. Backup and restoration management is done with an easy-to-use web-based interface.
The new service, powered by R1Soft’s advanced Continuous Data Protection® (CDP), offers iWeb clients near-continuous, disk backups with minimal server performance impact. After a thorough evaluation process, iWeb selected R1Soft CDP because of its unique disaster recovery capabilities. In the event of system failure, the solution allows iWeb users to bare-metal restore their servers which minimizes downtime and maximizes business continuity.
iWeb’s new R1Soft Data Protection Plans offers diverse backup storage space from 10GB, starting at just $15/month, for Linux and Windows dedicated servers.
“Having a solid backup solution is key to deliver customer satisfaction in web hosting. With R1Soft CDP, we can offer our clients an enterprise-level backup service with a low-priced entry point,” said Martin Leclair, President of Products and Technologies at iWeb. “Our flexible and on-demand plans give new and existing customers affordable options for data protection and have peace of mind knowing that their data is safe.”
With iWeb’s robust infrastructure and R1Soft’s reliable data protection software, customers now have the resources and backup tools for an even higher level of data availability. R1Soft’s high-performance CDP solution will protect their mission-critical servers with incremental backups around the clock, and bare-metal restores to quickly restore their data in the event of a disaster, hardware failure, or accidental deletion” said David Wartell, vice president of R1Soft, a division of BBS Technologies, Inc.
iWeb also offers Dedicated R1Soft Backup Servers for customers looking to backup more data. The powerful, all-in-one solution boasts up to 4TB backup space, 25 client server licenses, and provides the ability to secure backups for multiple servers.
For more information on iWeb’s R1Soft Data Protection Plans please visit:
http://iweb.com/managed-hosting/backup-storage/
About iWeb
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. 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. For more information, please consult the Company’s website: http://about.iweb.com
The iWeb Blog Now Available in Spanish
After becoming a benchmark in the web hosting industry, the iWeb blog will now be published in three languages
Montreal, Canada – The iWeb Blog will now be available to the Hispanic web community, who can now join the English and French readership which relies on the blog to keep abreast of the trends and issues affecting the Internet hosting industry. The blog is available here.
“The iWeb blog has been our preferred communication tool for many years now,” confirmed Martin Leclair, who co-founded iWeb in 1996. “Communicating with customers has always been very important to us, and with the blog we can share everything; news and trends, as well as providing the status of iWeb systems at all times. The blog is our main communication tool in case of emergency. ” Adds Mr. Leclair, who learned Spanish while spending several months in Latin America.
With posts dating back to 2001, the iWeb blog is one of the first blogs dedicated to web hosting to be published on the internet.
Since its redesign in 2008, the iWeb blog is divided into three main sections; “iWeb”, “web development” and “web hosting”. Readers can subscribe to the profile that most ressembles their interests and their professional or technical profile.
Since 2005, spanish has become increasingly important in iWeb’s communications, both online and with the company’s employees. iWeb now offers a complete service for the Hispanic market, helping spanish-speaking clients with customer service, billing,technical support and sales consultation.
iWeb Grants Stock Options
iWeb Group inc. announces that it has granted 120,000 stock options to members of its management team under its stock option plan, at an exercise price of $0.80 each. One quarter of the options will vest on each of the first, second, third and fourth anniversaries of the date of the grant. The options will expire on August 20, 2014.
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. Since 2004, the company’s compounded annual growth rate has been above 75%, making it one of Canada’s 100 fastest growing companies according to PROFIT Magazine.
Founded in 1996 in Montreal, iWeb now generates more than 60% of its revenues from abroad; and employs over 170 full-time employees providing Dedicated Server Hosting, Co-location and Web Hosting services to more than
21,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V: IWB), for more information please consult the Company’s website: investors.iweb.com
For further information:
Philip Tousignant
iWeb Group Inc.
Chief Financial Officer
(514) 286-4242 ext. 149
ptousiqnant@iweb.com
Bernard Dahl
iWeb Group Inc.
Director, Communications and Public Relations
(514) 802-2801
bdahl@iweb.com
22nd Quarter of Consecutive Growth for iWeb
With 75% revenue growth, the Internet hosting provider has surpassed its 2008 earnings total after 3 quarters
MONTREAL, QUEBEC – August 20 2009 – iWeb (TSX-V : IWB), a global provider of Internet hosting services and IT infrastructure, today released its financial results for the quarter ended June 30, 2009. The complete interim financial statements and management report of the Company are available on the websites www.sedar.com and investors.iweb.com.
Third quarter highlights :
- 75 % revenue growth, totaling 7,2 M$ in the third quarter of 2009, from 4.1 M$ for the same period in 2008
- Operating income 11 times greater than same quarter in 2008; 231,000 $ compared to 21,000 $ 1 year earlier
- EBITDA (adjusted EBITDA) remains steady at 1,9 M$ for 2009; 26,4 % of revenues
- Net profit of 1,023,000 $, mostly attributable to the additional unrealized theoretical exchange gained on long-term debt in U.S. dollars
“Growth remains our priority, especially in the current economic climate” says Eric Chouinard, iWeb President and Chairman. He adds “having said that, our shareholders will be happy to see signs of profitability on both EBITDA and operating income”
“Clients are adopting new technologies at the same rate as they were twelve months ago” says Martin Leclair, President, Products and Technologies. “However, we are noticing a much more controlled approach to expense management from our clients, who are discontinuing certain services which they were not using extensively. Experimental projects are a little smaller, which is normal in the current economic context. We are working closely with our clients to optimize their infrastructure so that they can continue innovating.”
“Two important points to highlight are that revenues continue to grow and EBITDA is kept above 25% of revenue” adds Philip Tousignant, Chief Financial Officer. “Granted, this is the first time that iWeb’s net profit has passed the 1 M$ mark, but that figure is theoretical, just like the losses reported in the past two quarters were. Foreign exchange fluctuations affect the accounting value of a large portion of our long-term debt. Operating income, however, remains positive at over 230,000 $, providing a much better idea of the company’s performance, regardless of market conditions”
Third quarter Financial Review
Revenues for the third quarter ended June 30, 2009 increased by $3.1 million or 75%, compared to the same period of 2008, to reach almost $7.2 million.
Revenues for the third quarter of fiscal 2009 originated from iWeb’s three main service offerings as follows: Dedicated servers accounted for 85%, followed by 9% for co-location services and 6% for the shared web hosting. 78% of iWeb revenues for the quarter were generated in U.S. dollars, a significant advantage for the Company during the last quarter and since the beginning of the year. Compared with the same period 12 months ago, currency fluctuations between the Canadian dollar and the U.S. dollar have had a positive impact of $950 000 on revenues. Without taking into account this impact, revenues still would have increased by 52% compared to the quarter ended on June 30, 2008.
Gross profit was 47% of revenues for the third quarter of 2009, compared to 49% for the same period of the previous year. During the past quarter, the favourable impact of the variation of Canada/U.S. exchange rates on the gross profit margin was more than compensated by higher payroll expenses in order to support the sustained and rapid growth of the Company’s operations.
Operating expenses for the quarter went from 48.6% of revenues in 2008 to 43.3% in 2009. This improvement is explained by lower costs for selling and administrative expenses compared to the revenues they generate, though compensated by a rise in interest expenses. Selling expenses decreased, from 16.5% in Q3 2008 to 15.5% of revenues for Q3 2009. Administrative expenses decreased from 24.2% to 17.7% of revenues for the quarter. Interest expenses increased significantly, from 7.1% to 9.6% of revenues for the third quarter. This is caused by the increase in long-term debt in order to support the important increase in the Company’s infrastructures, the greater part of which carry interests in U.S. currency.
iWeb’s operating income for the third quarter was $231,000, compared to $21,000 for the third quarter of 2008.
The other financial expenses represent elements which are the consequence of external market conditions. These expenses exceeded $1M for the quarter ended June 30, 2009. The most important element of these expenses is the unrealized exchange loss on the long-term debt of $10 million US. At the end of quarter ended June 30, 2009, the Canada/U.S. exchange rate was 1.16, compared to 1.26 for the beginning of quarter, which explains the unrealized gain of $977,000.
Taking into account the impact of the other financial expenses, the Company recorded a net profit of $1,023,000 for the third quarter of 2009, compared to a net income of $13,000 twelve months earlier, for the quarter ended June 30, 2008.
Key Financial Data (in thousands of Canadian dollars)
|
Third quarter ended June 30 |
||
|
2009 |
2008 |
|
| Revenues |
$7,179 |
$4,108 |
| Gross profit |
$3,345 |
$2,018 |
| Operating income |
$231 |
$21 |
| Net earnings |
$1,023 |
$13 |
| Earnings per share – basic |
$0,0366 |
$0,0005 |
| Adjusted EBITDA[1] |
$1,896 |
$959 |
|
As at June 30, 2009 |
As at September 30, 2008 |
|
| Total assets |
$32,154 |
$29,361 |
| Shareholders’ equity |
$5,796 |
$6,122 |
| Cash and cash equivalents |
$909 |
$3,261 |
1- The Company defines Adjusted EBITDA as Earnings before financial expenses, income taxes, depreciation and amortization, and stock-based compensation.
About iWeb Group Inc.
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. 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 more than 21,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V : IWB); for more information please consult the Company’s website: http://about.iweb.com
Caution concerning forward-looking statements:
This news release contains 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.
- 30 -
For more information
Philip Tousignant
iWeb Group Inc.
Chief Financial Officer
514-286-4242 ext. 149
ptousignant@iweb.com
Bernard Dahl
iWeb Group Inc.
Director, Communications and Public Relations
514-802-2801 (direct)
bdahl@iweb.com
iWeb invited to present at Canaccord Adams 2009 Global Growth Conference
iWeb Group Inc. (TSX.V – IWB), a worldwide provider of Internet hosting services and IT Infrastructure has been invited to make one of the opening presentations on the final day of the Canaccord Adams 2009 Global Growth Conference on Thursday, August 13th 2009 at 8:00 A.M. eastern time.
Eric Chouinard, iWeb’s President and chairman will be presenting iWeb’s perspectives on the future state of Internet services to the investment community at the 29th edition of the conference, which is being held over three days at the InterContinental Hotel in Boston.
Conference Details:
- Canaccord Adams 29th Annual Global Growth Conference
- August 13, 2009
- InterContinental Hotel, Boston, MA
- More information can be found at: www.canaccordadams.com
About iWeb Group Inc. (iweb.com)
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. 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. iWeb has also been named one of the top movers and shakers among Canadian IT companies in the 2009 edition of the Branham300.
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 more than 21,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V : IWB). For more information please consult the Company’s website: http://investors.iweb.com
For further information:
Bernard Dahl
Director, Communications and Public Relations
iWeb Group Inc.
(514) 802-2801
bdahl@iweb.com
Philip Tousignant
Chief Financial Officer
iWeb Group Inc.
(514) 286-4242 ext 149
ptousignant@iweb.com
iWeb’s Financing Proceeds as Planned: Announces Increase to Credit Facility
MONTREAL, QUEBEC, July 20, 2009 iWeb Group Inc. (TSX-V: IWB) has just confirmed the completion of a $3 million financing with BMO Bank of Montreal, one of its major financial partners. The $3 million revolving credit facility is available in term loans, bearing interest of 4.75% as of today, (prime rate plus 2.5%), payable in monthly installments over 42 months.
iWeb intends to use this loan facility to fund servers in the largest of the Company’s three Montreal data centers. According to Philip Tousignant, iWeb’s CFO, this investment in IT infrastructure will continue expanding iWeb’s dedicated hosting service offering, which has passed the 10,000 server mark in March 2009. $1.37 million has been disbursed immediately for servers already in use.
-30-
About iWeb Group Inc. (iweb.com)
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. 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. iWeb has also been named one of the top movers and shakers among Canadian IT companies in the 2009 edition of the Branham300.
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 more than 21,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V : IWB). For more information please consult the Company’s website: http://investors.iweb.com
For further information:
Bernard Dahl
Director, Communications and Public Relations
iWeb Group Inc.
(514) 802-2801
bdahl@iweb.com
Philip Tousignant
Chief Financial Officer
iWeb Group Inc.
(514) 286-4242 ext 149
ptousignant@iweb.com
Caution concerning forward-looking statements
This news release contains 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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