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IceWEB, Inc. Announces That Catalyst Financial Has Updated Its Coverage of the Company
Business Wire, May 9, 2008
PORTLAND, Ore. -- IceWEB, Inc. (OTCBB:IWEB), a data storage and on-line applications company headquartered in Herndon, VA, today announced that Catalyst Financial Resources, LLC has updated its coverage of the company.
The full report is available on the Catalyst website: http://www.catalystresearch.com
One of IceWEB's primary competitors, Rackspace, Inc. has announced its plans to go public via a Dutch auction, and to trade on the NYSE under ticker symbol RAX. Our analyst can now compare valuations of the two companies; our original thesis, that IWEB is undervalued is further supported by this comparison.
About IceWEB, Inc.
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Headquartered just outside of Washington DC, 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 US Government agencies, enterprise companies, and small to medium sized businesses (SMB). For more information, please visit www.IceWEB.com.
About Catalyst Financial Resources, LLC
Catalyst Financial Resources, LLC is an investor awareness firm helping small- and micro-cap companies gain credible exposure in the financial community. Employing the Catalyst System, we augment a firm's existing investor relations activities and assist in achieving appropriate valuation in the marketplace. The Catalyst System was born out of an intense commitment to the small-cap, under-followed market and the need to forge a new standard on Wall Street. Founded in 2002 by Marc Robins, CFA, Catalyst Financial Resources has a proven track record of meeting the needs of both the management and the shareholders of small-cap companies. For more information, please visit www.catalystresearch.com.
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