iWeb moves up in the 2009 PROFIT 100 ranking with 1128% in revenue growth in 5 years



    MONTREAL, June 11 /CNW Telbec/ - iWeb has improved its ranking among
Canada's growth leaders, moving up to 85th position from 100th on the
Profit100, the annual ranking of Canada's fastest growing companies based on
revenue growth over the past 5 years.
    From 2003 to 2008, the company's revenues have gone from $ 1.384 million
to $ 15,616 million as of October 1st 2008. Last year, iWeb's 5-year growth
totaled 627%, enough for the IT infrastructure and Internet hosting company to
make its entry into the 100th position on the annual ranking.
    Eric Chouinard, CEO and co-founder of iWeb; "In 2003, shortly before iWeb
went public and bought its first data center, we knew everything would become
digital. It's amazing to see how quickly this transition is actually
happening!." He then adds that "This is a very proud achievement for iWeb.
More than anything else, it is the result of teamwork and persistence."
    "Since 2003, we have grown from 15 employees to over 170 today! The fact
that many of those original 15 are still involved with iWeb today says a lot
about our environment" comments Martin Leclair, co-President, products and
Technology and iWeb co-founder. "The biggest challenge has been to continue
innovating while managing our growth" he adds.
    iWeb, who has reported revenue growth exceeding 90% for the first two
quarters of 2009, is also becoming an important exporter of IT services,
generating over 60% of its revenues from abroad.

    
    iWeb's growth, in numbers(*):

    -------------------------------------------------------------------------
                                          2003          2008      % increase
    -------------------------------------------------------------------------
    Employees                               15           166           1 107%
    -------------------------------------------------------------------------
    Revenues (in thousands $)            1,384        15,616           1 128%
    -------------------------------------------------------------------------
    Data center square footage (net)       500        59 000          11 800%
    -------------------------------------------------------------------------
    Network Capacity                       100 Mbps       59 Gbps     59 000%
                                          (0,1 Gbps)
    -------------------------------------------------------------------------
    Dedicated servers                      200        11 000           5 500%
    -------------------------------------------------------------------------
    Co-location cabinets                     4         1 012          25 300%
    -------------------------------------------------------------------------
    (*)rounded figures
    

    The PROFIT 100 is the annual ranking which rates the top 100 Canadian
companies based on the percentage of their revenue growth over a 5-year span.
Produced by the business magazine PROFIT, 2009 marks the 21st edition of the
ranking. The complete list will be published in the June edition, as well as
on the website: http://www.profit100.com.

    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.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.
    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
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://about.iweb.com.




For further information:

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

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iWeb Group Inc.

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