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˛™)– 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.
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˛™),
is now fully operational in a tier four facility with complete archiving
capability. IN2can 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.
IN2 is built with INLINE Storage
at the core, providing ultra-high performance, high availability and
uncapped data storage potential all in an encrypted environment. IN2
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), IN2
also features a comprehensive Disaster Recovery plan, which is available
as a white paper on the Company’s website.
About 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.
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing are
forward looking statements that involve a number of risks and
uncertainties.It is possible that the assumptions made by
management are not necessarily the most likely and may not materialize.In addition, other important factors that could cause actual results
to differ materially include the following: business conditions and the
amount of growth in the computer industry and general economy;
competitive factors; ability to attract and retain personnel, including
key sales and management personnel; the price of the Company's stock;
and the risk factors set forth from time to time in the Company's SEC
reports, including but not limited to its annual report on Form 10-K and
its quarterly reports on Forms 10-Q; and any reports on Form 8K. IceWEB
takes no obligation to update or correct forward-looking statements.
IceWEB, Inc. My Le Phuong, 703-344-0951 investor@iceweb.com or Elite
Financial Communications Group, LLC Dan Conway, Chief
Strategy Officer, 407-585-1080 dan@efcg.net
