iWeb announces correction to previously reported third quarter 2007 earnings per share results and filing of an Annual Information Form

    MONTREAL, Aug. 29 /CNW/ - iWeb Group Inc. (TSX-V: IWB) (the "Company" or
"iWeb"), a worldwide Internet hosting infrastructure provider, announced today
a correction to its reported earnings per share information for the third
quarter 2007. The correct earnings per share for the third quarter 2007 is
$0.0085 rather than the $0.085 as originally reported. For the third quarter
2006, earnings per share was $0.0061 rather than the $0.061 as originally
    There were no other corrections to the release as reported in the
Company's release issued August 28, 2007.
    The Company also announces they have filed an Annual Information Form.
Access to this document can be found on www.sedar.com.

    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 feet of floor space and the latest
technological equipment. 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. 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 release.

    %SEDAR: 00018802E

For further information:

For further information: Marc Guindon, iWeb Group Inc., Chief Financial
Officer, (514) 286-4242 ext. 121, mg@iweb.ca; Danielle Ste-Marie, The Equicom
Group Inc., (514) 844-6064, dste-marie@equicomgroup.com

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