IceWEB CEO Rob Howe Purchases One Million Shares

IceWEB, Inc. announced that the company’s CEO, Rob Howe, purchased 1 million shares of the company’s common stock through an exercise.

Additionally, during the weeks since Howe’s appointment,
the company has:

• pruned SG&A expenditures by more than 10%;
• created momentum on the sales front with existing and potential clients;
• revamped operations to create a more efficacious team;
• expanded development efforts to enhance present product offerings and create product dedicated to new markets; and
• explored and will attend industry conferences where the opportunity to showcase the technology will be abundant.

"The entire company is focused on moving forward on the sales, development and operating fronts. We all understand our clearly-defined roles, and we are ‘heads down’ every day making this company fulfill its promise. And, that promise involves keeping our shareholders updated regularly as we can release further details," stated Rob Howe.

"My exercise of one million shares represents two very important things – number one, we have put the difficulties of the past in our rear view, and number two, we’re very optimistic about our future," Howe concluded.