IceWEB CEO Issues Corporate Update

IceWEB, Inc., provider of purpose built appliances and building blocks for cloud storage networks, provides shareholders with corporate update.

John R. Signorello, CEO of IceWEB stated: "IceWEB’s strategic purpose is to offer customers worldwide a solution that provides data storage without limits in the cloud; this is our core mission.

"In line with our core mission, we have set the following goals in 2010:

• "Our first goal is to continue the growth of our channel worldwide.
• "Our second goal is to protect the intellectual property our team has created and acquired throughout the Company’s history. We will provide shareholders additional updates in the coming weeks and months on our research, development, and intellectual property patent efforts.
• "Our third goal is to market the IceWEB and Iplicity brands synonymously with cloud storage computing. Our marketing roll out in 2010 will be aimed at correctly positioning our Company to our shareholders and the market and more importantly what will differentiate us from our competition in the future.
• "Our fourth goal is to provide unparalleled customer service to our clients. Our partners and customers, which are some of the largest in the world, demand the highest level of customer service when it comes to protecting and utilizing their data.
• "Our fifth goal over the next 24 months is to grow the Company’s revenue to $25 million with profit margins of 60%. We feel confident that with our current product mix, customer base and partner network, that this goal is achievable in 2011. As we increase sales of our core storage products, we will see an increase in recurring revenue from warranty and maintenance contracts, which will contribute to higher margins.
• "Our final and most important goal of 2010 is to increase shareholder value. As we continue to add strategic investments like the common stock of VOIS to our balance sheet, our liquidity should improve without additional dilution. On behalf of myself, and the entire IceWEB team I would like to thank all of our shareholders for their continued support and we are looking forward to a prosperous and successful 2010."