iWeb Group Inc. obtains Conditional Approval to Graduate to Tier 1 Issuer on the TSX Venture Exchange

HostReview.com
Tuesday, April 24, 2007; 01:37 AM

iWeb8.com (TSX-V: IWB) is pleased to announce that it has met the requirements of TSX Venture Exchange Policy 2.5 - Tier Maintenance Requirements and Inter-Tier Movement and that accordingly, the TSX Venture Exchange has granted its conditional approval for iWeb's tier classification change from Tier 2 to Tier 1. The classification change will be effective upon satisfactory review of the personal information forms of the two newly appointed directors of iWeb.

Tier 1 is the TSX Venture Exchange's premier tier and is reserved for the most senior Issuers. Tier 1 Issuers benefit from decreased filing requirements and improved service standards.

"We are very proud of where we are today and what we have accomplished," states iWeb's Co-Founder and Chief Executive Officer, Eric Chouinard. "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," he added.

Founded in 1996, iWeb offers a full line of advanced web hosting services either through shared hosting, dedicated servers or colocation in its own data centers featuring 25,000 square foot of floor space and the latest technological equipments. iWeb provides services in English, French and Spanish to clients in more than 140 countries.

iWeb Group Inc. is listed on the TSX Venture Exchange under the IWB stock symbol. For more information, visit the Company's website at http://iWeb8.com/

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this press release.

For further information: Marc Guindon, Chief Financial Officer, (514) 286-4242; http://iWeb8.com/investors/