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iWeb Group delivers strong first quarter

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Mar. 3, 2007

After the close of markets, on Thursday, iWeb Group (TSX-V: IWB) announced the financial results of its first quarter of 2007 ending Dec. 31, 2006.

The results for the first three months of fiscal 2007 once again established new all-time records.

For its first quarter, iWeb Group Inc. recorded consolidated revenues of $1,956,177 an increase of $814,068, or 71 percent higher than the same period in 2006 when revenues were $1,142,109.

"Overall, we are extremely proud our team succeeded in maintaining this strong growth, while standing by our high-quality reputation for service," said Martin Leclair, co-founder and Chief Operating Officer.

"Our first quarter is in line with our objectives, and we are satisfied with the results. It’s a good start for 2007. Now we need to concentrate on keeping the same pace for the rest of the year," adds Eric Chouinard, co-founder and CEO of iWeb.

Overall, gross profit increased by $449,553 or 75 percent, from $599,452 in 2005/2006 to $1,049,005 in 2006/2007. Net earnings were of $92,995 compared to $71,482 for the same period in 2006.

EBITDA grew from $242,859 to $459,709, an increase of 89 percent.

About iWeb Group Inc.
Founded in 1996, iWeb Group offers a full line of advanced Web hosting services either through shared hosting, dedicated servers or colocation in its own data centers, featuring 25,000 square feet of floor space and the latest technological equipment.

iWeb provides services in English, French and Spanish to clients in more than 140 countries. iWeb Group Inc. is listed on the TSX Venture Exchange under the IWB stock symbol.

For more information, visit the company’s Web site at www.iweb8.com/investors.

DISCLAIMER: The TSX Venture Exchange OR THIS WEB SITE does not accept responsibility for the accuracy or completeness of this press release. For more information relating to this, please communicate with iWeb's Chief Financial Officer, Marc Guindon, at 514-286-4242.

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Source: iWeb press release

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