Promark Contracts With IceWEB

IceWEB, Inc. has signed a distribution agreement with Promark Technology. This is the final step in proceeding to a 100% channel driven model.

Dale Foster, Promark’s President, stated of the agreement: "We spent a significant amount of time stress testing the IceWEB Platform. The product met and exceeded all of our technical specifications. We are confident in taking the IceWEB Systems Platform to our Value-Added Resellers (VARs). Our goal at Promark is to increase our revenue by $100 million over the next 3 years. IceWEB’s products will be a major element in driving our sales to that goal. The opportunity with IceWEB is similar to what we experienced several years ago with LeftHand Networks. We started out small, but rapidly drove sales in excess of $50M over the last two years. I believe that with a few wins under our belt, we will see similar success with IceWEB. I expect the product to gain traction exponentially in the unified data storage and cloud space."

"It is really amazing to have our products distributed nationally by Promark Technologies. Promark has a dedicated base of storage focused VARs that they have developed over the last 20 years," stated John R. Signorello, CEO of IceWEB. "Those VARs understand what it takes to sell storage. We can now leverage our 100% channel driven model to the right audience. With Promark handling the credit and finance issues, it reduces the burden of raising additional capital at our current stock price. IceWEB now has the luxury to focus on execution of our business model to drive shareholder value."

The complete IceWEB product line will be available on Promark’s two tier GSA schedule. Shipping is available immediately.