April 24, 2007 – (HOSTSEARCH.COM) – iWeb Group Inc. (http://www.iweb8.com) has received conditional approval to graduate to Tier 1 issuer on the TSX Venture Exchange, the company announced yesterday. The company met the requirements of TSX Venture Exchange Policy 2.5 - Tier Maintenance Requirements, and Inter-Tier Movement and TSX Venture Exchange has “granted its conditional approval for iWeb's tier classification change from Tier 2 to Tier 1”. iWeb will receive the new classification when the personal information forms of its two new directors are reviewed.
"We are very proud of where we are today and what we have accomplished," suggested Eric Chouinard, Co-Founder and Chief Executive Officer of iWeb. "Our graduation demonstrates our commitment to continued growth as an advanced web
hosting services company. Being recognized as a Tier 1 company sets yet another major milestone for iWeb."
Established in 1996, iWeb provides shared hosting, dedicated servers and colocation services in English, French and Spanish to clients in around 140 countries. Graduation to Tier 1 is a major step for the company. Tier 1 is the TSX Venture Exchange's premier tier and is reserved for the most senior Issuers. Providers in this category benefit from decreased filing requirements.
