MONTREAL, June 28 /CNW/ - iWeb Group Inc. (TSX-V: IWB) ("the Company" or
"iWeb"), a worldwide internet infrastructure provider announced today that it
has obtained additional lending facilities from the Bank of Montreal ("BMO")
bringing the total available credit from BMO to $1.5M.
These funds will go towards the purchase of server hardware to be rented
out as dedicated servers, iWeb's fastest growing service offering. This new
computer equipment will be installed at the Company's newly completed 20,000
square feet data center located in Montreal's East End.
"This additional borrowing facility strengthens our financial position
and enables us to quickly respond to the increasing demand for our dedicated
web hosting services," said Marc Guindon, iWeb's Chief Financial Officer. "We
even expect that our second and newest data center will reach its full
capacity before the end of 2008."
About iWeb Group
Founded in 1996, iWeb offers a full line of advanced IP hosting services
either through shared hosting, dedicated servers or colocation in its own data
centers featuring 30,000 square foot of floor space and the latest
technological equipments. iWeb provides services in English, French and
Spanish to clients in more than 140 countries. For more information, please
visit www.sedar.com or the Company's website at http://iWeb8.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 described herein. 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 has neither approved nor disapproved the
contents of this press release.
For further information:
For further information: Marc Guindon, iWeb Group Inc., Chief Financial
Officer, (514) 286-4242 ext. 121, email@example.com; Danielle Ste-Marie, The Equicom
Group Inc., (514) 844-6064, firstname.lastname@example.org