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IWEB (IceWEB, Inc.)
Headquartered just outside of Washington, D.C., IceWEB manufactures and markets storage solutions and on-line application services. Additionally it is a leading source for best-of-class security products, services and solutions offered in partnership with a wide range of global technology leaders. Its customer base includes U.S. government agencies, enterprise companies and small to medium sized businesses (SMB). For more information, please visit www.IceWEB.com Nov 25, 2008 IceWEB Awarded $3.75 Million in New Contracts www.IceWEB.com, announced today that the Company has been selected to supply the United States Government with Geospatial infrastructure and network security products. John R. Signorello, Chairman and Chief Executive Officer of IceWEB, Inc., said, "IceWEB's expertise in the area of Geospatial and network security infrastructure continues to be a resource that the government draws upon in meeting their mission critical technology needs." IceWEB, Inc. (OTCBB:IWEB), www.IceWEB.com, announced today that the company products have been selected to be implemented in a new data center. The equipment will be utilized to protect critical data assets for a large undisclosed Federal agency. The equipment will be delivered and installed this quarter and will facilitate disaster recovery and continuity of operations (COOP).
John R. Signorello, CEO and Chairman of IceWEB, Inc., said, "We are very gratified to continue to succeed in winning contracts from various Federal agencies. Our products and services assist the Federal Government in deploying technology used to protect, backup and secure mission critical data. Sep 10, 2008 1:30:00 PM IceWEB Awarded Federal Contract for $450,000 Revenue to Be Recognized in Fourth Quarter IceWEB, Inc.(TM) (OTCBB:IWEB), www.IceWEB.com, announced today that the company products have been selected to be implemented in a new data center. The equipment will be utilized to protect critical data assets for a large undisclosed Federal agency. The equipment will be delivered and installed this quarter and will facilitate disaster recovery and continuity of operations (COOP). John R. Signorello, CEO and Chairman of IceWEB, Inc., said of the contract award, "We continue to assist the Federal Government in deploying technology used to protect, backup and secure mission critical data. Our products and solution sets continue to garner acceptance as a viable source for assisting the Government in transforming traditional network technologies to a more cost effective, energy saving, Service Oriented Architecture (SOA)." Jun 5, 2008 9:24:00 AM IceWEB(TM) Signs Agreement with Premier Technical Services Corporation IceWEB to supply networking and storage solutions on $16.5 Million Development of Green Data Center and Office Complex in Page County, Virginia IceWEB, Inc. (OTCBB:IWEB) www.IceWEB.com announced today that the Company has signed a formal Teaming Agreement with Premier Technical Services Corporation (Premier), a Virginia-based IT and engineering firm, naming IceWEB as a subcontractor on the team for development and implementation of a LEED-certified green data center in Page County, Virginia. The new state-of-the-art, energy efficient, large-scale data center is a part of a planned $16.5 million data center and office complex in development by Premier, who will also serve as prime contractor on the project. Specifically, IceWEB will assist Premier and other team members with the design, development and deployment strategy for integrating power protection, storage and server architecture, security and networking solutions in the new data center. Brian Van de Meulebroecke, Senior Vice President of Premier, stated, "There is no question that the talented professionals at IceWEB possess the deep expertise and knowledge required to implement a project of this complexity, size and scope. Moreover, their proven record of accomplishment in providing high quality, innovative IT services and solutions to large enterprise and federal customers makes them the ideal partner to help us execute this mission-critical expansion initiative." Tim McNamee, Vice President of Solutions and Storage Sales, Stated, "IceWEB is ideally suited to provide Premier with a full range of next generation IT infrastructure solutions necessary for managing, accelerating and securing applications within its new data center and to the rest of its enterprise, in addition to contributing our proven technological expertise and services to ensure smooth, cost efficient implementation. We are very proud that our Company has been named to the team of subcontractors on this significant project, and look forward to working closely with Premier to optimize the development and deployment process." About Premier Technical Services Premier is an award-winning Service-Disabled Veteran-Owned Small Business (SDVOSB), and a HUBZone Certified Small Business Concern (HUBZone Certified SBC). Incorporated in the Commonwealth of Virginia on July 21, 1989, Premier provides a distinctive array of product and equipment sales, management, administrative, fulfillment, engineering and technical support services for short and long-term projects. The Company has earned a stellar reputation serving a diversified client base that includes federal, state and local government agencies, commercial enterprises, prime contractors, trade associations, nonprofits and the military. Premier currently performs IT and engineering-related activities at various client sites throughout the United States, providing a customer-centric workforce and proven solutions to its clients to meet and exceed their current and future missions. Premier maintains fully staffed corporate and administrative offices in Luray, Virginia and has operations in O'Fallon, Illinois; Alexandria, Virginia; Radford, Virginia; Harrisonburg, VA; Merrifield, Virginia and Washington, DC. In anticipation of closing the transaction expeditiously, Wells Fargo has filed a blanket UCC-1. The transaction is subject to customary due diligence and is expected to close in the next 45 days. "This refinancing represents a critical step forward for IceWEB in strengthening our balance sheet and improving our monthly cash flow. Moreover, we anticipate that it will represent savings of approximately $700,000 in interest expense over the course of the next 12 months, while also providing essential capital to fund several large upcoming projects in our pipeline." IceWEB(TM) Inc. Announces Revenue of $2.3 Million for April IceWEB, Inc. (OTCBB:IWEB), www.iceweb.com, announced today that the company booked revenue of $2.3 Million in April. The acquisition of INLine and the increasing market acceptance of the company's IceMAIL(TM) and IcePORTAL(TM) products have increased gross margin significantly to 18% in April. John R. Signorello, Chairman and Chief Executive Officer of IceWEB, said, "Our branded storage products and online application services are throwing off very high margins. When blending the high margin business with the Federal contracting work, our gross margin has increased 80% over the last two quarters. We are on track to attain profitability in the 4th quarter." Apr 18, 2008 3:23:00 PM In 2006, IceWEB's management team made a conscious decision to develop a proprietary suite of enterprise-class, IceWEB-branded online products and services, and make them available, on demand, to small and medium-sized businesses pursuant to a Software as a Service (SaaS) business model. The expertise IceWEB earned in building large-scale, on-premise enterprise systems empowered the Company to begin offering the same robust computing and networking capabilities, once available only to large organizations, to small and medium-sized business owners - all at a fraction of what it would cost if they were to deploy these systems on their own.
John R. Signorello, Chairman and Chief Executive Officer of IceWEB, stated, "As of January 1, 2007, our revenues for IceMAIL and IcePORTAL were less than $1,000 per month. Now, less than 16 months later, we have crossed the critical $100,000 a month threshold. While we have encountered some challenges through this growth process, the products are now generating strong cashflow on a monthly basis. Moving forward, we will continue our focused Internet marketing initiatives, which should provide us with long-term sustainability in this space. Our online products are clearly showing strong growth trends, gaining $10,000 to $15,000 in new recurring revenue with each passing month. If we maintain this pace, we should see our revenues double again to more than $200,000 in less than seven months."
Continuing, Signorello added, "Considering that our business model provides for our ability to double our current user capacity with little to no effort, we are very confident that the exponential growth we are experiencing in our On Demand business will soon prove to be a material contributor to further strengthening IceWEB's overall financial performance. Moreover, in light of the fact that we now manufacture our own line of proprietary storage products and solutions, our growth potential cannot be capped, and we are empowered to match the growth of our loyal customer base. I would like to take this opportunity to personally thank our valued customers for their enthusiastic support, new customer referrals and user input - all of which has proven instrumental in helping IceWEB to guide the development and commercialization of our new and planned On Demand products and services."
In related news, the Company reported that its next generation hosting platform, dubbed Network 2.0 (IN(2)(TM)), is now fully operational in a tier four facility with complete archiving capability. IN(2) can scale flawlessly to one petabyte of storage and 100,000 users without the addition of servers or hard drives. "Irrespective of the size of a business, IceWEB can deliver enhanced productivity and material cost savings through its hosted On Demand platform -- providing its users with a full suite of robust, highly scalable applications and tools that are fast becoming mission critical in most business environments," concluded Signorello.
IN(2) is built with INLINE Storage at the core, providing ultra-high performance, high availability and uncapped data storage potential all in an encrypted environment. IN(2) incorporates an enhanced 64-bit server platform allowing a transparent migration to Microsoft's Exchange Server 2007 and Exchange 14 upon its projected release by Microsoft in 2009. The enhanced Exchange Server environment will improve the overall user experience with faster data throughput and enhanced collaboration tools. Available in nine languages (providing for expansion into BRIC markets, otherwise known as second-tier IT markets between Western countries and developing nations), IN(2) also features a comprehensive Disaster Recovery plan, which is available as a white paper on the Company's website.
Sep 17, 2008 1:30:00 PM
IceWEB Announces Contract Win from Federal Agency for $427,000
May 19, 2008 4:40:00 PM
IceWEB(TM) Receives Commitment Letter from Wells Fargo Business Credit to Refinance Senior Debt
Expected to Yield Savings of Approximately $700,000 in Interest Expense Over the Next 12 Months
IceWEB, Inc. (OTCBB:IWEB) (www.IceWEB.com) today announced that the company has received a commitment approval from Wells Fargo Business Credit to refinance its current accounts receivable securitization facility under terms that are much more favorable to the Company. The future borrowing capacity will be limited only by IceWEB's total accounts receivables deemed valid by the lender. Consequently, as the Company's accounts receivables increase, available funding under the line will also rise. The variable interest rate will be equal to the Prime Rate published in the
May 14, 2008 11:57:00 AM
Momentum from INLine(TM) Acquisition Generating Increased Sales Activity with 80% Improvement in Gross Margins
May 12, 2008 6:54:00 PM
IceWEB(TM) Receives $930,000 Log Management Platform Contract Award Revenue to Be Recorded in Current Quarter
IceWEB, Inc., www.IceWEB.com (OTCBB:IWEB), today announced the company has received a contract for $930,000 from a major Federal Government Agency for a Log Management and Intelligence Platform.
Under the terms of the contract, IceWEB will deliver a turnkey hardware software infrastructure to capture critical log data from various financial systems, general purpose web servers and firewalls. As Government agencies have moved to address new compliance requirements, the challenge of log data management and intelligence has only worsened. IceWEB's network security compliance experience helps IT staffs find and report on mission-critical IT data buried in the terabytes of log data, thereby simplifying compliance tasks, reducing costs and mitigating risks. The network platforms can hand off log data to IceWEB InLINE(R) storage products thereby allowing customers to retain log data for seven or more years to meet compliance requirements.
John R. Signorello, IceWEB Chairman and Chief Executive Officer said, "This new contract is further evidence of the pipeline of business we continue to capture in this rapidly growing web logging and tracking environment."
All the products and services involved with this contract will be delivered during IceWEB's current fiscal quarter which ends June 30th.
IceWEB(TM) Recurring Revenue from IceMAIL(TM) and IcePORTAL(TM) Eclipses $100,000 Per Month Milestone
IceWEB's Next Generation Hosting Platform - Network 2.0 (IN(2)(TM)) - Is Now Fully Operational
IceWEB, Inc. (OTCBB:IWEB) (www.IceWEB.com) today announced that the Company has achieved a notable financial milestone with IceMAIL and IcePORTAL. As of the end of March 2008, the two products are now booking recurring monthly revenue in excess of $100,000 per month from 1,300 online customers. The company attributes the enormous Growth Rate on focused Internet Search Marketing with Google, Yahoo and Microsoft and "Word of Mouth" buzz from the customer base. This recurring revenue does not include annual maintenance contracts from the INLINE storage products, nor does it include option years on Federal contracts.
Apr 2, 2008 10:06:00 AM
IceWEB(TM) Awarded $583,000 Contract from Federal Agency
Multi-Phased Networking Project Expected to Yield Additional $600,000 Later This Year
HERNDON, Va.--(BUSINESS WIRE)--
This contract represents the initial implementation of a multi-phased networking project for this particular government agency that is expected to yield IceWEB up to another $600,000 in additional revenues later this year. Commenting on the contract win, John R. Signorello, Chairman and Chief Executive Officer of IceWEB, stated, "We are tremendously proud of the fact that IceWEB is recognized as a trusted partner by a wide range of Federal Agencies and enterprise companies that have come to rely on our industry leading capabilities and world class networking and IT expertise."
Having served the Federal Government for the past several years, IceWEB possesses multiple GSA, GWAC and BPA agreements with key agencies. In 2008, the Company added its own manufacturing GSA Schedule with its entire line of INLINE(TM) storage products and a Top Secret Cleared facility to help facilitate larger contract wins in the future.
Mar 26, 2008 9:29:00 AM
IceWEB(TM) Expands Board of Directors with Appointment of Retired U.S. Army Lt. General Harry E. Soyster as Independent Member
Former Director of Defense Intelligence Agency to Aid Company in delivering IceWEB's cutting edge storage and on-line application services to the Federal Government
IceWEB(TM)
General Soyster served as Director,
In 1957, General Soyster graduated from the
"We feel very privileged to have the opportunity to tap General Soyster's extensive knowledge, business expertise and sphere of influence within the federal government," stated John R. Signorello, Chairman and Chief Executive Officer of IceWEB. "As the newest addition to our Board of Directors, we look forward to him playing a proactive role in helping IceWEB break into key government accounts with our storage products and on-line application services. Moreover, his innumerable strengths are sure to complement and enhance those of our other distinguished Board members, helping IceWEB to further elevate our corporate governance practices."
"IceWEB has extraordinary potential," said General Soyster. "I'm looking forward to working with the IceWEB management team and the Board to help ensure the Company is well positioned to optimize new business opportunities within the federal government market place. IceWEB's products and services simplify how businesses communicate, manage and protect their data - exactly what organizations, public or private, large or small, need today."
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