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IceWEB Taking on The Oil Spill - (OTCBB: IWEB)

IceWEB Inc. (OTCBB: IWEB, a leading provider of Unified Data Storage and building blocks for cloud storage networks, has taken advantage of the Gulf Coast oil spill crisis as it announced today that it has received an order from a U.S. Department of Homeland Security agency responsible for safeguarding maritime borders. The multi-terabyte order will aid in the recovery efforts ongoing in the Gulf of Mexico oil spill.

According to Thursday’s edition of The Wall Street Journal, BP estimates the costs arising from the disaster so far at $450 million, with the total mounting daily as the spill flows toward the U.S. Gulf Coast.

"When we get calls from our partners asking us to stop what we're doing and respond, that's exactly what we do. We are able to break into our production lines and do a short run custom build as the priority one need arises," said Stephen A Gill, Director, Southeast Channels.

John R. Signorello, CEO of IceWEB, noted, "This order is further indication that in critical situations where quality is paramount, large corporations and government agencies look to IceWEB to supply the vital equipment and software to help solve the problem. We are pleased to be able to assist the U.S. Government in its efforts to mitigate the impact of the Gulf oil spill."

As the CEO stated, when the government comes to you in a time of crisis for your company’s services you know you’re doing something right. Crisis always bring about new opportunities and IceWEB is taking full advantage of theirs.

IWEB is trading at $0.29 up $0.02 or 7% on heavy volume of 191k:

IWEB is part of our WWM Nana Cap Index:

For more stories on IWEB, written by World Market Media, click here:

Disclosure: no positions