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  • IceWEB Inc. (OTCBB: IWEB) $22M (MarketCap) Lands Additional Contract with the Federal Government 1 comment
    Jun 11, 2010 1:58 PM
    The military community has a mounting challenge: how to ingest and process the rapidly increasing volumes of live video and other data streaming from sensors in the sky and on the ground. Given the exponential growth in platforms and sensors and the resulting volume of data, the military is heavily relying on platforms like the IceWEB 5000, a product of IceWEB, Inc., to provide unified access and compression to meet this increased need for performance and scalability. IceWeb, Inc. manufactures and markets data storage products, network and cloud storage solutions, and delivers on-line cloud computing application services.

    Today, IceWEB, Inc. (OTCBB: IWEB) announced that IceWeb Channel Partner (ICP), VideoBank, has secured an additional contract with the Federal Government. For more than a decade, VideoBank has revolutionized the ways in which educational institutions, medical facilities, government organizations, entertainment companies, and the U.S. military have archived, manage, and distributed their products and services worldwide. IceWEB’s high performance computing storage solution offers unique capabilities for maximizing performance and integration into video streaming environments. The 5000 has the ability to support both file and block protocols and support 10GB Ethernet, Fibre Channel technology, making it the ideal solution for unstructured data-intensive environments. This additional contract indicates the Federal Government’s confidence and reliability on the IceWEB 5000.

    "The value of geospatial information cannot be overstated," said Mr. John R. Signorello, CEO of IceWEB, "A real time view of an ever changing world when analyzed, provides critical on-demand insight into video data that is not available from simple data inputs. It is the expertise of our Federal Channel Partner, VideoBank, and its success in satisfying Federal Government agencies demanding requirements that allow IceWEB to build out our digital footprint for the future. The key to long term scalability is to leverage multiple channel partners with a broad range of vertical skill sets."

    To view this article at World Market Media click on the link below:

    Disclosure: no positions
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  • deeppocketsgolf
    , contributor
    Comments (111) | Send Message
    Detailed Quote for IceWEB Inc. (IWEB)
    $ 0.20, -0.01, (-4.76%) Volume: 141.38k


    With the Market Cap of 27.735M; and with the 138.678,875M Shares; or approx 140M Shares;


    Per Cash Change from ’09 to MRQ Reported; for that time Accum Deficit (8.220,047M) Change;
    {Stated Sale of Subsidiary in ‘09] to focus on GeoSpatial Informations Systems / Storage Solutions;


    Cash Change Approx 193K; Since ’09; @ .0015 / Share;


    Desc, Breakdown, Price: , Metric. , Weight. , Primary Weight Adj Trading Metric ,Year, Weight Adj Price.


    20.Accum Deficit: , PT MRQ: 0.0015 , (0.0067) , 94 , (0.63), Price1, 0.14


    21.OperBalanceSHeet Diff: , PT MRQ: 0.0015 , 0.1924 , 317 , 61, Price2, 0.47


    22. Paid In Equity: , PT MRQ: 0.0015 , 0.0068 , 250 , 1.70, Price3, 0.37


    23. Other Equity: , PT MRQ: 0.0015 , (2.229) , 183 , (408), Price4, 0.27


    24. Net: Other / NonCash /Oper Exp : , PT MRQ: 0.0015 , 0.00 , (71) , 0 , LowPrice, (0.11)


    Sum Trading At: ,Primary Metric(s) per CF, (2.04) ,Weighted per Price Range / Change, 773.467_404 ,Primary Weight Adj Trade Metric, (346) , (0.2697) off adjusted level price of 27.12 Cents;


    Net$$M Accum Deficit Reported: (30.878,606)
    MinRetGrowth: 0.04
    MinRetInv: 0.04
    Weighted Cost of Capital: 1.20404
    Estimated Local Continuing Value in $$M: (0.000300812), No Value Locally;
    Estimated Factor NOT LOCAL in $$M: (13,316.332) per 120 Garbage Pro Sports Media Teams: (110.969M);
    Estimated ContinuingValue:Avg Desired Sales $$M: 4M
    Est NOT LOCAL Price on LT Fwd Value : 0.12_8_86
    0.03 Factor Forward.
    4.46_1_12 Price To.
    24% , Desired Percentage Increase in Sales from most recent report.


    Do not own Shares; Follow the Company;


    Federal Government Primary Contractor; Military / DoD;


    IceWEB Receives Order for Storage Platform Upgrade From Fortune 500 Telecommunications Company; add-on order is for a Geospatial Information Systems (GIS) application; Future Shipment Pipeline Maintained at More Than $10 Million;


    Pricey @ + 8.12 Cents; +11M Market Cap; (40%) per Downside;


    Technical Downside: (.19_86), (27.540M), (99.3%)


    #9: [0.00 for 12 with 8K’s]; What is that about?,
    Swing the Stinking bat like you mean it!!!



    3 Mar 2011, 06:22 PM Reply Like
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