MONTREAL, April 23 /CNW Telbec/ - iWeb Group inc. - iWeb8.com
(TSX-V: IWB) is pleased to announce that it has met the requirements of TSX
Venture Exchange Policy 2.5 - Tier Maintenance Requirements and Inter-Tier
Movement and that accordingly, the TSX Venture Exchange has granted its
conditional approval for iWeb's tier classification change from Tier 2 to Tier
1. The classification change will be effective upon satisfactory review of the
personal information forms of the two newly appointed directors of iWeb.
Tier 1 is the TSX Venture Exchange's premier tier and is reserved for the
most senior Issuers. Tier 1 Issuers benefit from decreased filing requirements
and improved service standards.
"We are very proud of where we are today and what we have accomplished,"
states iWeb's Co-Founder and Chief Executive Officer, Eric Chouinard. "Our
graduation demonstrates our commitment to continued growth as an advanced web
hosting services company. Being recognized as a Tier 1 company sets yet
another major milestone for iWeb," he added.
About iWeb Group Inc.
Founded in 1996, iWeb offers a full line of advanced web hosting services
either through shared hosting, dedicated servers or colocation in its own data
centers featuring 25,000 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.
iWeb Group Inc. is listed on the TSX Venture Exchange under the IWB stock
symbol. For more information, visit the Company's website at http://iWeb8.com/
The TSX Venture Exchange Inc. does not accept responsibility for the
adequacy or accuracy of this press release.
For further information:
For further information: Marc Guindon, Chief Financial Officer, (514)