IceWEB, Inc. (OTCBB:IWEB), a data storage and on-line applications
company headquartered in Herndon, VA, today announced that Catalyst
Financial Resources, LLC has updated its coverage of the company.
The full report is available on the Catalyst website: http://www.catalystresearch.com
One of IceWEB’s primary competitors,
Rackspace, Inc. has announced its plans to go public via a Dutch
auction, and to trade on the NYSE under ticker symbol RAX. Our analyst
can now compare valuations of the two companies; our original thesis,
that IWEB is undervalued is further supported by this comparison.
About IceWEB, Inc.
Headquartered just outside of Washington DC, IceWEB manufactures and
markets storage solutions and on-line application services.
Additionally, it is a leading source for best-of-class security
products, services and solutions offered in partnership with a wide
range of global technology leaders. Its customer base includes US
Government agencies, enterprise companies, and small to medium sized
businesses (SMB). For more information, please visit www.IceWEB.com.
About Catalyst Financial Resources, LLC
Catalyst Financial Resources, LLC is an investor awareness firm helping
small- and micro-cap companies gain credible exposure in the financial
community. Employing the Catalyst System, we augment a firm’s
existing investor relations activities and assist in achieving
appropriate valuation in the marketplace. The Catalyst System was
born out of an intense commitment to the small-cap, under-followed
market and the need to forge a new standard on Wall Street. Founded in
2002 by Marc Robins, CFA, Catalyst Financial Resources has a proven
track record of meeting the needs of both the management and the
shareholders of small-cap companies. For more information, please visit www.catalystresearch.com.
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