iWeb Communities: Blog

MONTRÉAL, QUÉBEC, February 4, 2008 iWeb Group Inc. (TSX-V: IWB) (iWeb or the Company), a worldwide internet hosting infrastructure provider, today announced that it has increased its existing lending facility with the Bank of Montreal (BMO). The existing term loans facility, which was for $1.5 million, has been increased by $1 million, bringing the total credit available with the BMO to $2.5 million.

iWeb intends to use this loan facility to fund servers to be integrated in phase three of the installation of the Company’s second data center. This investment in servers and other necessary IT infrastructure will continue expanding the company’s dedicated hosting service offering.
The facility is available in term loans, bearing interest at the banks prime lending rate plus 2.5% and payable in monthly installments over a period of three years.

About iWeb Group Inc.
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 www.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 news release.
For more information

Marc Guindon
Groupe iWeb Inc.
Vice-President and Chief Financial Officer
(514) 286-4242 ext. 121
mg@iweb.com

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