iceweb inc (IWEB:OTCBB - OTCQB)
iceweb inc (IWEB) Key Developments
IceWEB, Inc. announced that Canada-based University will initially deploy IceBOX for 1,500 Faculty and Staff members with a plan to include more than 20,000 students in phase two of the project. Additionally, the customer added the IceWEB 2250 13.5TB Unified Storage Appliance with SSD IceCACHE and IceSTORM Operating Systems to accommodate its growth plans and leverage the 2250's replication and disaster recovery capabilities.
IceWEB, Inc. announced the addition of three new IceBOX-based appliances to its hardware portfolio, the S1200, S2200, and the S2250. The IceWEB S2250, the flagship IceBOX Appliance, delivers 16TB of high-performance storage coupled with IceCACHE(TM), a series of SSD-based read and write cache mechanisms. The industry-leading private-cloud appliance allows customers to dynamically scale capacity to meet the growing demand for BYOD-based file sharing and collaboration. Both the IceWEB S2250 and S2200 include the cloud replication capabilities for backup and disaster recovery purposes. The entry-level system, the IceWEB S1200, provides customers with a quick, simple-to-use appliance that can be up and running in under an hour. The S1200 comes standard with the IceBOX software and 1TB of data capacity, ideal for the small customer requiring simple file sharing and collaboration coupled with the use of mobile devices for access.
IceWEB, Inc. announced that it has completed a sale of its flagship IceBOX "Bring Your Own Device" (BYOD) cloud collaboration platform to a Medical University in the Midwest, making an entry into the healthcare industry. In a release, the company said that it is providing a complete IceBOX on-premise solution so that its customers can manage up to 1,000 users while also meeting the strict Health Insurance Portability and Accountability Act (HIPAA) data storage requirements which prevents most health care facilities from benefiting from the BYOD capabilities of the Cloud.
IceWEB, Inc. announced that it has won a repeat order for data storage to be deployed in the United Kingdom. The customer who previously has deployed an IceWEB system for its VMware infrastructure is now purchasing more storage for deployment in the UK, through nDataStor, Inc., a key IceWEB reseller.
Source Capital Group, Inc. (SCG) has been engaged to by IceWEB, Inc. to scout for acquisition opportunities. IceWEB's Chief Executive Officer, Rob Howe, said, "We look forward to benefiting from Source Capital's industry knowledge and depth of experience as they serve as an advisor on our M & A activity. With SCG's deep knowledge and expertise in investment banking, along with proficiency in our industry, we know the firm will be able to guide us well in strategically positioning our company. In fact, in just a matter of several business days, we have already held discussions with a number of potential candidates for merger, acquisition and/or joint venture which could dramatically accelerate our model and position us well for significant growth."

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Industry Analysis
IWEB
Industry Average
| Valuation | IWEB | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 4.0x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 3.0x |
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