MONTREAL, Sept. 26 /CNW Telbec/ - iWeb Group Inc. (TSX-V: IWB) today
announced that pursuant to its stock option plan, an aggregate of
647,500 stock options with an exercise price of $1.04 has been granted to
directors, members of its management team and key employees.
Of that total, 492,500 stock options are vested in four equal annual
installments, starting at the end of the first year after the grant. For the
remaining 155,000 stock options, one third of them are exercisable starting
September 26, 2009, then 2010 and 2011. All of these options will expire on
September 26, 2013.
About iWeb :
iWeb is listed on the TSX Venture Exchange (TSX-V : IWB), and is one of
the largest Canadian providers of Internet hosting services and IT
infrastructure. With three secure data centers, all in Montreal, iWeb has
carved out an enviable position on the international scene with more than 60%
of its revenues from abroad. Founded in 1996 in Montreal, iWeb has recently
completed a $22M financing agreement with investment banking giant Goldman
Sachs. iWeb now has over 120 full-time employees and more than
17 000 customers in 145 countries. For more information, please visit the
company's website at www.iweb.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
For further information:
For further information: Marc Guindon, Vice-President and Chief
Financial Officer, iWeb Group Inc., (514) 286-4242 ext. 121,
email@example.com; Bernard Dahl, Director, Communications and Public
Relations, iWeb Group Inc., (514) 286-4242 ext. 115, firstname.lastname@example.org