IceWEB(TM), Inc. Announces Launch of LearningStream.com(TM).Hosted Online Learning Site Revamped with over 2,000 New Courses
HERNDON, Va. -- IceWEB Inc., www.iceWEB.com (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :IWEB), announced that their newly expanded LearningStream.com website is now in live production and taking orders at www.LearningStream.com. John R. Signorello, IceWEB Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "LearningStream.com represents another online hosted offering for our existing and prospective customers. Businesses of any size, regardless of where they are located, must have affordable access to productivity tools. Advanced electronic courseware, as delivered by LearningStream.com is one of those tools - one that allows them to ensure that their employees are armed with the best training available."
LearningStream.com has generated over $1,000,000 in online sales since 2003. The online courseware offerings and website, while producing revenue, had remained largely unchanged and offered a limited set of courses until this new release. LearningStream.com has increased its offering from only 15 to now nearly 2000 interactive online courseware modules from which users can order. Online courses range from general business and finance skills to computer desktop and networking technologies. The LearningStream.com website has been completely re-designed and is fully integrated with courseware provider networks to allow IceWEB to easily expand and adapt our offerings.
LearningStream.com also leverages the power of Google Inc.'s (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : GOOG GOOG Google, Inc. (stock symbol) ) advanced electronic payment engine, "Google Checkout Google Checkout is an online payment processing service provided by Google aimed at simplifying the process of paying for online purchases. Users store their credit or debit card and shipping information in their Google Account, so that they can purchase at participating stores at ". Mr. Signorello said, "We chose to utilize Google's payment engine because of the very high level of attention they have paid to detecting and thwarting fraudulent orders. The LearningStream ordering process is completely automated, and as such, strong Fraud Prevention provides very significant benefits both for IceWEB and for our LearningStream clients. Google also represents a familiar and trusted brand - one through which any prospective LearningStream.com customer will be comfortable in placing their orders. "
Separately, on April 26th, IceWEB announced record revenues of $5,877,457 for their fiscal second quarter of 2007, surpassing their sales for the entire 2006 fiscal year. The company has reiterated its 2007 revenue forecast of $17 million. The Q2-07 release also noted that the company had achieved $170,000 in EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become during the quarter.
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IceWEB, Inc., (OTC OTC
See over-the-counter market (OTC). BB:IWEB), utilizes a hosted software services model that brings technologies normally reserved for large corporations to the small business customer. By subscribing to IceWEB's flagship products, IceMAIL and IcePORTAL small and medium sized businesses can now have the benefits of these more advanced software systems for a low 'pay as you grow' basis instead of being faced with large up-front capital expenses. IceWEB also provides network infrastructure solutions services to our enterprise and Government customers with a specific focus on network security. Founded in 2000, IceWEB is headquartered in Herndon, VA, and serves customers in the public and private sectors. For more information, please visit http://www.IceWEB.com or http://www.IceMAIL.com.
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