MONTREAL, July 20 /CNW Telbec/ - iWeb Group Inc. (TSX-V: IWB) (the "Company"), announces that it has granted a total of 1,253,000 stock options under its stock option plan to members of its management team (including insiders), as well to key employees of the Company, at an exercise price of $0.75 each. The options will vest one third at the time, at each anniversary date. The options will expire in five years.
About iWeb Group Inc. (iWeb.com)
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iWeb.com is a worldwide provider of Internet hosting services and IT Infrastructure. With the opening of its fourth secured data center in Montreal, iWeb's capacity will near 35,000 dedicated servers. 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 180 full-time employees providing Dedicated Server Hosting, Co-location and Web Hosting services to close to 22,000 customers in 150 countries. iWeb's shares are listed on the TSX Venture Exchange (TSX-V: IWB); for more information please consult: http://investors.iweb.com.
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For further information: Philip Tousignant, Chief Financial Officer, iWeb Group Inc., (514) 286-4242 ext. 2149, [email protected]; Bernard Dahl, Investor Relations/Media Relations, Presentis, (514) 802-2801, [email protected]
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