iWeb (TSX-V : IWB) has improved its ranking among Canada's growth leaders, moving up to 85th position from 100th on the Profit100, the annual ranking of Canada's fastest growing companies based on revenue growth over the past 5 years.
From 2003 to 2008, the company's revenues have gone from $ 1.384 million to $ 15,616 million as of October 1st 2008. Last year, iWeb's 5-year growth totaled 627%, enough for the IT infrastructure and Internet hosting company to make its entry into the 100th position on the annual ranking.
Eric Chouinard, CEO and co-founder of iWeb; "In 2003, shortly before iWeb went public and bought its first data centers, we knew everything would become digital. It's amazing to see how quickly this transition is actually happening!." He then adds that "This is a very proud achievement for iWeb. More than anything else, it is the result of teamwork and persistence."
"Since 2003, we have grown from 15 employees to over 170 today! The fact that many of those original 15 are still involved with iWeb today says a lot about our environment" comments Martin Leclair, co-President, products and Technology and iWeb co-founder. "The biggest challenge has been to continue innovating while managing our growth" he adds.
iWeb, who has reported revenue growth exceeding 90% for the first two quarters of 2009, is also becoming an important exporter of IT services, generating over 60% of its revenues from abroad.
The PROFIT 100 is the annual ranking which rates the top 100 Canadian companies based on the percentage of their revenue growth over a 5-year span. Produced by the business magazine PROFIT, 2009 marks the 21st edition of the ranking. The complete list will be published in the June edition, as well as on the website: http://www.profit100.com.
About PROFIT Magazine:
PROFIT: Your Guide to Business Success, is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5 to 250 employees and annual revenue of $1 million to $25 million, reaching 306,000 readers across Canada. Visit PROFIT online at http://www.PROFITmagazine.ca.
About iWeb.com:
iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. Since 2004, the company's compounded annual growth rate has been above 75%, making it one of Canada's 100 fastest growing companies according to PROFIT Magazine.
Founded in 1996 in Montreal, iWeb now generates more than 60% of its revenues from abroad and employs over 170 full-time employees. providing Dedicated Server Hosting, Co-location and Web Hosting services to more than 20,000 customers in 150 countries. iWeb's shares are listed on the TSX Venture Exchange (TSX-V : IWB), for more information please consult the Company's website: http://about.iweb.com.
SOURCE: IWEB GROUP INC.
Bernard Dahl, Director, Communications and Public Relations, iWeb Group Inc., (514) 802-2801, bdahl@iweb.com; Philip Tousignant, Chief Financial Officer, iWeb Group Inc., (514) 286-4242, ext 149, ptousignant@iweb.com
