KANSAS CITY, Mo.--(BUSINESS WIRE)--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 email@example.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.