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| [May 12, 2008] |
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IceWEB(TM) Receives $930,000 Log Management Platform Contract Award
HERNDON, Va. --(Business Wire)-- IceWEB, Inc., www.IceWEB.com (OTCBB:IWEB), today announced the company has received a contract for $930,000 from a major Federal Government Agency for a Log Management and Intelligence Platform.
Under the terms of the contract, IceWEB will deliver a turnkey hardware software infrastructure to capture critical log data from various financial systems, general purpose web servers and firewalls. As Government agencies have moved to address new compliance requirements, the challenge of log data management and intelligence has only worsened. IceWEB's network security compliance experience helps IT staffs find and report on mission-critical IT data buried in the terabytes of log data, thereby simplifying compliance tasks, reducing costs and mitigating risks. The network platforms can hand off log data to IceWEB InLINE(R) storage products thereby allowing customers to retain log data for seven or more years to meet compliance requirements.
John R. Signorello, IceWEB Chairman and Chief Executive Officer said, "This new contract is further evidence of the pipeline of business we continue to capture in this rapidly growing web logging and tracking environment."
All the products and services involved with this contract will be delivered during IceWEB's current fiscal quarter which ends June 30th.
About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures and markets storage solutions and on-line application services. Additionally it is a leading source for best-of-class security products, services and solutions offered in partnership with a wide range of global technology leaders. Its customer base includes U.S. government agencies, enterprise companies and small to medium sized businesses (SMB). For more information, please visit www.IceWEB.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the computer industry and general economy; competitive factors; ability to attract and retain personnel, including key sales and management personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q; and any reports on Form 8K. IceWEB takes no obligation to update or correct forward-looking statements.
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