SOURCE: IceWEB, Inc.

IceWEB, Inc.

February 27, 2012 11:59 ET

Demand for IceWEB Products Surges in Q2

Revenue Expands Over Previous Quarter; Backlog at Highest Levels Ever for the Entire IceWEB Unified Data Storage Product Line

STERLING, VA--(Marketwire - Feb 27, 2012) - IceWEB, Inc.™ (OTCBB: IWEB), www.IceWEB.com, a leading provider of Unified Data Storage appliances for cloud and virtual environments, announced today that it is experiencing a surge in product sales along with an extremely high inquiry demand. Channel partners are now experiencing wins in multiple accounts. Strategic OEM relationships, combined with additional marketing and financial resources, have dramatically impacted the fundamentals of the company.

"Our unique IceSTORM™ operating system was architected so that we could quickly modify the entire IceWEB platform for OEMs and channel partners. Moving forward we are building an extensive roadmap based on customer needs unmet by slow and expensive dominant vendors. IDC estimates that data storage will grow 50 times by the year 2020 while IT staffs managing that explosive data will only increase by a factor of 1.5x over the same period and IT budgets growing only marginally relative to the explosive data growth. These factors clearly underscore the immediate need for storage solutions that are easier to manage, scalable, and more affordable than ever, which is why IceWEB is gaining rapid momentum in the marketplace with our ability to best satisfy these needs. We do expect to see an increase in top line quarter over quarter and anticipate that trend continuing through the end of the calendar year. The plan remains the same, stay focused, grow organically, remain nimble and drive top line," stated John R. Signorello, IceWEB CEO.

All IceWEB Unified Storage Platforms are available through the Company's exclusive value-added distributor Promark Technology (800-634-0255). Promark markets IceWEB products throughout the United States through its nationwide network of 1,200 channel partners. For more information, please visit http://www.promarktech.com/iceweb_vendor_store.asp.

About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures award-winning, high performance unified data storage appliances with enterprise storage management capabilities at a fraction of the price of traditional providers. Through thin provisioning, target deduplication and inline compression, IceWEB's unified storage arrays enable standardization, consolidation and optimized storage utilization for virtual and cloud environments, saving up to 90% of storage costs, while reducing space, power and cooling requirements and simplifying storage management. For more information please call 800-465-4637 or visit www.iceweb.com.

This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," "plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934, as amended, or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.

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