STERLING, VA — (Marketwire) — 03/09/12 — IceWEB, Inc. (OTCBB: IWEB), , a leading provider of Unified Data Storage appliances for cloud and virtual environments, announced today that ON THE MARKET, an investment research and analysis authority, has identified IceWEB as “The Turnaround Stock of the Year,” based on thorough analysis of the company-s fundamentals, market trends, recent industry consolidations, and rapid company momentum.
ON THE MARKET-s perspectives are described as follows:
For one… 5.9 billion mobile subscribers creating a scalding hot data storage market driven by video on smart phones.
According to a recent research report from Berg Insight, the number of mobile application downloads worldwide will grow at a compound annual growth rate of 56.6% between 2010 and 2015 .
Apple-s (APPL) App Store just reported that there have been 25 billion apps downloaded.
Investor-s Business Daily reported on Monday that the sector of “Data Storage” stocks has risen to No. 22 from No. 139 (of 179 sectors) since the start of February.
Surging orders and extremely high inquiry demand that has produced significant increases in top line quarter over quarter growth, “That trend will continue through the end of the year” says (IWEB) management.
(IWEB) wins #1 ranking in the DCIG 2012 Midrange Array Buyer-s Guide over EMC, NetApp, IBM, HP, et al* Unparalleled performance metrics with over 71,000 IOps.
Product line sold at a fraction of the cost of the competition. A price point that-s consistently 30% lower than the high cost vendors such as EMC and NetApp. And, the sale of the award winning product carries more lucrative commissions.
In late January (IWEB) announced its new “IceTIME Guarantee”; promising a setup time of five-minutes or less for any of its unified storage appliances, compared to hours required by complicated systems manufactured by larger vendors.
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.
Revenue increased 12% year-over-year.
Revenue increased 362% in successive quarters.
Operating expenses decreased 50% for the quarter compared to same quarter in FY 2011.
Loss from operations decreased 61% in Q1 2012 vs. Q1 2011 and 73% less in successive quarters.
Looming in the background and favoring (IWEB) is the booming M&A activity in the storage industry. Acquisition multiples are running from 7 to 10 X revenue. Rumors of a Fusion-io (FIO) take-out by Intel (INTC) fired a 13% jump in (FIO) shares a few weeks ago. (FIO) shares trade at over 9 X revenues (their biggest customer is Facebook).
In addition, Dell (DELL) announced recently it acquired AppAssure, Software Inc. (a private company) to expand their storage portfolio. AppAssure-s leading backup solutions that seamlessly move and replicate data across their existing platforms enhance Dell-s existing storage capabilities.
The trend over the last 4-years has been when the big companies validate the advancement in technology and software of the smaller companies the big guys follow with original equipment manufacturing licensing agreements and buyouts. When revenues ramp quickly in these small co-s the larger companies look to acquire them as the recent and numerous deals by Dell, HP, IBM, Oracle, NTAP, EMC and Intel attest.
The eventual exit-strategy for (IWEB) will be a takeout by a major… Bet on it!
On Balance Volume* is saying, “Buy me!”
Note the long erosion in “price” and the sustained move higher and breakout in On Balance Volume
Rising OBV warns of an upward breakout.
Bullish divergence between OBV and price warns of market bottoms.
(IWEB) has built an award-winning, family of high performance data storage array products with enterprise-class features and performance capabilities at a fraction of the price of traditional providers. And now the market is discovering it and new orders are pouring in as the recent press releases demonstrate.
* (IWEB) won the distinction of DCIG “Best in Class” in the Replication Software category as noted in the Industry Replication Software Award for 2012 competing against all the big guys, EMC, NetApp – et al.* their #1 ranking in the Replication Software category shows that IceWEB is currently better positioned than its competitors to meet this specific organizational need.
Headquartered just outside of Washington, D.C., IceWEB manufactures award-winning, high performance unified data storage products 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 .
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: . 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.
Image Available:
IceWEB, Inc.
Investor Relations
571.287.2400
or
Stephen D. Axelrod, CFA
212.370.4500
Wolfe Axelrod Weinberger Associates, LLC.
You must be logged in to post a comment Login