iWeb’’s First Quarter Marked by Growth and Investment Wednesday, February 23, 2011, 11:35:08 AM iWeb (TSXV: IWB), a global provider of Internet hosting services and IT infrastructure, today released its financial results for the first quarter (Q1) of its fiscal 2011, quarter ended December 31, 2010. First Quarter Highlights: – 17% increase in revenues, from $6.9 million to $8.0 million – Launch of “Smart Servers” – Added $205,000 in monthly recurring revenue, 50% more than recurring revenues generated in the entire previous fiscal year – Adjusted EBITDA of $1.7 million (21% of revenues) – Operating loss of $956,000, net loss of $1.0 million “Growing iWeb’’s revenue was one of the main priorities throughout the first quarter. Because they are recurring, these results will affect the company’’s results throughout the coming quarters.” declared Eric Chouinard, iWeb President