IceWEB, Inc. (OTC QB:IWEB; “IceWEB” or the “Company”), a provider of
wireless and fiber broadband service, co-location space and related
services and the operator of a Network Access Point (“NAP”) where
customers directly interconnect with a network ecosystem of partners and
customers, today announced that it engaged American Capital Ventures
(“ACV”), a boutique provider of comprehensive investor relations,
financial marketing and capital advisory services to the micro- and
small-cap community.
Harold F. Compton, CEO of IceWEB, Inc., commented, “2014 is expected to
be a year of execution and top line growth for the Company – both
through new and existing business customers, as well as an expansion in
our services offered. In October 2013, we acquired Computers &
Tele-Comm, Inc. and KC-NAP, LLC effectively growing our service offering
to include data center, colocation, wireless ISP, managed services and
cloud services, while reducing overhead significantly. We are focused on
continued expansion in all facets of the business and looking at a
variety of paths to get there. ACV, an experienced provider of investor
relations to small, emerging companies like ours, has been selected to
assist us in transitioning to profitability, a goal we hope to achieve
this year, and in communicating our company and opportunity to the
masses. We are excited and look forward to working with ACV in the time
ahead.”
“IceWEB operates in a highly visible, opportunistic, competitive market
– data center, colocation, wireless internet and cloud services. The
potential seen here is enormous, particularly for companies like IceWEB
that have a recurring revenue business model and are growing their
service offerings in line with customer demand. We are pleased to be
engaged with the Company for investor relations and are excited to begin
working with their world-class team,” commented, Howard Gostfrand,
President of American Capital Ventures.
About IceWEB, Inc.
IceWEB is a provider of wireless and fiber broadband service,
co-location space and related services and the operator of a Network
Access Point (“NAP”) where customers directly interconnect with a
network ecosystem of partners and customers. IceWEB also manufactures
award-winning, high performance unified data storage appliances with
IceWEB´s proprietary IceSTORM™ storage management software, providing
enterprise storage management capabilities at a fraction of the price of
traditional providers. Through thin provisioning, target deduplication
and inline compression, IceWEB´s unified storage arrays enable
standardization, consolidation and optimized storage utilization for
virtual and cloud environments, saving up to 90% of storage costs, while
reducing space, power and cooling requirements and simplifying storage
management. For more information please call 800-465-4637 or visit www.ctcwi.com and www.IceWEB.com.
To become part of the Company's e-mail list for industry updates and
press releases, please send an e-mail to ir@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.
Copyright Business Wire 2014