iWeb.com 52nd fastest growing company in Canada

iWeb's 4th consecutive ranking on Profit 200, 1107% growth since 2005

iWeb (TSXV: IWB), a global provider of IT Infrastructure and Internet hosting services, has been ranked as Canada's 52(nd) fastest growing company, making it one of only 16 companies on this year's list to achieve at least four rankings on the Profit200, the annual ranking of Canadian companies based on 5-year revenue growth.

iWeb, who provides web hosting services from its four Montreal data centers, saw its 2010 revenue reach $29 Million in 2010 - making it the 35(th) highest earner on the list - from $2.4 Million in 2005, a 1107% growth, which moved iWeb into the 52(nd) position, having previously ranked 100(th) in 2008, 85(th) in 2009 and 31(st) in 2010 - the company's highest ever ranking.

"iWeb's success is the direct result of our team's massive efforts over the years, which has produced innovations like the SMART SERVER and the SMART LAYER" says iWeb CEO Eric Chouinard, pointing out that "our growth isn't measured exclusively in dollars; the number of iWeb employees went from 30 in 2004 to nearly 200 today. I am extremely proud of everyone."

iWeb's progress in the PROFIT 200 ranking (formerly Profit 100):


 __________________________________________________________
|                         |   2010 |   2009 | 2008 |  2007 |
|_________________________|________|________|______|_______|
|Revenue (in Millions $US)|$ 29.0 M|$ 23.1 M|$ 15.5| $ 8.8 |
|_________________________|________|________|______|_______|
|5 year growth percentage | 1,107% | 1,644% |1128% |  627% |
|_________________________|________|________|______|_______|
|Ranking on the Profit 200| 52(nd) | 31(st) |85(th)|100(th)|
|_________________________|________|________|______|_______|



 

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 29 years, Canadian entrepreneurs and senior managers 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 achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at http://www.PROFITguide.com.

About iWeb (iWeb.com) iWeb is a worldwide provider of Internet hosting services and IT infrastructure. Operating four data centers, iWeb has a capacity of 34,000 dedicated servers, over 1,100 colocation racks and Internet capacity of 77 Gbit/s, divided between nine providers.

One of the fastest growing companies in Canada according to PROFIT magazine, iWeb takes more than 60% of its revenues from abroad. With revenues of US$29 million in 2010, iWeb provides services to more than 25,000 customers in 150 countries. Founded in 1996 in Montreal, iWeb is listed on the TSX Venture Exchange under the symbol "IWB". http://iWeb.com

Image with caption: "Eric Chouinard and Martin Leclair, iWeb co-founders (CNW Group/IWEB GROUP INC.)". Image available at: http://photos.newswire.ca/images/download/20110610_C4733_PHOTO_EN_01.jpg

To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/June2011/10/c4733.html

SOURCE: IWEB GROUP INC.

Philip Tousignant iWeb Group Inc. Chief Financial Officer (514) 286-4242 ext. 2149 This email address is being protected from spambots. You need JavaScript enabled to view it. Bernard Dahl Presentis Investor Relations / Media Relations (514) 802-2801 This email address is being protected from spambots. You need JavaScript enabled to view it.