VideoBank Selects IceWEB Storage for Its Customer Deployments

Initial Order for 62 Terabytes to be Delivered this Quarter


STERLING, Va., Feb. 23  /PRNewswire-FirstCall/ -- IceWEB, Inc.(TM) (OTC Bulletin Board: IWEB), http://www.iceweb.com/, a leading provider of building blocks for cloud storage networks and purpose built appliances, announced today that it has been chosen by VideoBank, http://www.videobankdigital.com/ to deliver storage for a government and commercial solution deployments.

"The performance and features of the IceWEB platform made the decision easy.  IceWEB's thin provisioning and storage pooling make it easy for our customers to increase storage capacity, an important feature for our customers," said Lou Siracusano, CEO for VideoBank. "IceWEB's experience and excellent reputation providing storage building blocks for leading software companies solidified our decision."

"We are honored to be chosen by VideoBank, a leader in providing video platforms for commercial and government programs," said Tim McNamee, Director of Business Development for IceWEB.  "With video content growing at more than 30% annually, the video market is an important vertical market for our growth."

About VideoBank

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, managed, and distributed their products and services worldwide. More importantly, our systems have transformed the way the men and women of our armed forces gather and utilize intelligence both at home and abroad.  At VideoBank we make it our responsibility to stay on the cutting edge of technology, which helps allow business leaders, doctors, teachers, government officials and soldiers to concentrate their energies where they truly belong -- on serving their local and global communities.

About IceWEB, Inc.

Headquartered just outside of Washington, D.C., IceWEB manufactures and markets purpose built appliances, network and cloud storage solutions and delivers on-line cloud computing application services. Its customer base includes U.S. government agencies, enterprise companies, and small to medium sized businesses (SMB). For more information, please visit http://www.iceweb.com/.

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: http://www.sec.gov/. 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 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.

  Contact:
  IceWEB, Inc.
  Investor Relations, 571.287.2400
   or Gary Nash CEOCast 212.732.4300


DATASOURCE: IceWEB, Inc.



CONTACT:  IceWEB, Inc. Investor Relations, [phone],

; or Gary Nash, CEOCast, [phone]



Web Site:  http://www.iceweb.com/ 

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