IceWEB, Inc.™ - (OTCBB:IWEB), an award winning
Unified Data Storage appliance provider for cloud and virtual
environments and its innovative IceBOX highly secure, infinitely
scalable Private Cloud solution as well as other Cloud Services,
today announced comments made by the Company’s CFO, Mark Lucky, on new
product offerings which address cloud security issues and the Company’s
revenue model.
“Icebox is a new service offered by IceWEB that allows business,
education and government organizations to utilize a private cloud to
securely backup and share files within their organization. Icebox
provides organizations with an enterprise-grade cloud collaboration
solution that addresses the concerns that organizations have in using
consumer-oriented technologies for business, by providing control over
confidential or critical information, and providing for compliance and
governance of proprietary information. It is the alternative to
consumer-oriented products such as Dropbox that require data to be
stored on 3rd party servers. There are many companies out
there that are looking to follow IBM’s lead in banning unsecure cloud
collaboration tools in favor of offerings just like IceBOX” said Mark
Lucky, IceWEB CFO.
“The Icebox product offering has created a paradigm shift in the way
that IceWEB does business. The Icebox product uses a subscription model
that creates a recurring revenue stream. This model complements our
existing hardware business, as many of our Icebox customers also have
data storage needs which require IceWEB data storage hardware appliances
as a component of their data storage solution.”
“Not all revenue is created equal. The more predictable and steady that
revenue is, the more valuable it becomes. As we add new customers we are
creating an annuity of cash flow. This will allow us to allocate more of
our limited resources to growing our business rather than on trying to
acquire enough new or repeat business just to hit the same revenue level
that we did in prior periods. This predictability of revenue lowers our
risk profile, and we expect that this recurring revenue will become an
increasing share of our overall revenue.”
“In addition, this subscription-based model provides a way for us to
reach out to our customers more frequently and build a more loyal
customer base. Icebox is built to scale as we grow out our customer
base, and has created a more collaborative environment for us, enabling
us to create an ecosystem of partners and additional revenue
opportunities,” Lucky concluded.
About IceWEB : For more information please call
800-465-4637 or visit www.iceweb.com.
To become part of the Company's e-mail list for industry updates and
press releases, please send an e-mail toir@iceweb.com.
This press release may contain forward-looking statements, which are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. In some cases you can identify those
so-called "forward looking statements" by words such as "may," "will,"
"should," "expects," "plans," "targets," "believes," "anticipates,"
"estimates," "predicts," "potential," or "continue" or the negative of
those words and other comparable words. These forward looking statements
are subject to risks and uncertainties, product tests, commercialization
risks, availability of financing and results of financing efforts that
could cause actual results to differ materially from historical results
or those anticipated. Further information regarding these and other
risks is described from time to time in the Company's filings with the
SEC, which are available on its website at: http://www.sec.gov.
We assume no obligation to update or alter our forward-looking
statements made in this release or in any periodic report filed by us
under the Securities Exchange Act of 1934, as amended, or any other
document, whether as a result of new information, future events or
otherwise, except as otherwise required by applicable federal securities
laws.
