iWeb Communities: Blog

MONTRÉAL, QUÉBEC ? October 11, 2007 ? iWeb Group Inc. (TSX-V: IWB) (?iWeb? or the ?Company?), a worldwide internet hosting infrastructure provider, today announced that it has filed a preliminary short form prospectus in each of the provinces of Alberta, British Columbia, Manitoba, Ontario and Québec, qualifying an offering (the ?Offering?) of common shares. The pricing and other terms of the Offering, including the definitive number of shares to be offered, will be established immediately prior to the filing of a final short form prospectus.

A syndicate, led by GMP Securities L.P. and including Cormark Securities Inc. and National Bank Financial Inc. will act as underwriters in connection with the Offering. iWeb expects that the gross proceeds of the Offering will be up to $13 million. The closing of the Offering is expected to occur on or about November 15, 2007, and is subject to usual regulatory approvals.

iWeb intends to use the net proceeds of the Offering to: i) implement phases three and four of the installation of the Company?s second data center; ii) repay a portion of the Company?s indebtedness if acceptable terms can be negotiated with lenders and iii) for general corporate purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About iWeb Group
Founded in 1996, iWeb offers a full line of advanced IP hosting services either through shared hosting, dedicated servers or co-location in three data centers, featuring over 52,000 square feet of floor space and the latest technological equipment. iWeb provides services in English, French and Spanish to clients in more than 130 countries. For more information, please visit www.sedar.com or the Company?s website at http://iWeb8.com.

Caution concerning forward-looking statements
This news release contains certain forward-looking statements. These statements relate to future events or iWeb?s future economic performance and reflect the current assumptions and expectations of management. Certain unknown factors may affect the events, economic performance and results of operations. iWeb undertakes no obligation, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information

Éric Chouinard
Groupe iWeb Inc.
Chief Executive Officer
(514) 286-4242 ext. 102
echouinard@iweb.com

Kristen Dickson
The Equicom Group Inc.
Investor Relations
(416) 815-0700 ext. 273
kdickson@equicomgroup.com