August 13, 2007
Prospector
Profile
07.1174
 
IceWEB, Inc. NAICS 516110
205 Van Buren Street, Suite 150 Herndon, VA 20170 Description Internet Sites
(703) 964-8000 Employees 25
http://www.iceweb.com/home/about_us.asp Revenue (mil) 4.7680
  Income (mil) -3.8700
  Assets (mil) 2.5950
  Liability (mil) 3.6660
  (for the year ended 2006-09-30)
 
Category: Loss/Deficit
 
Event: Sherb & Co. LLP expressed substantial doubt about Ice Web, Inc.'s ability to continue as a going concern after auditing the Company's consolidated financial statements for the year ended Sept. 30, 2006. The auditing firm pointed to the company's net losses of $3,870,387 and $903,508 respectively, for the years ended September 30, 2006 and 2005.
 
Intellectual Property: The Company's success depends on its ability to protect intellectual property. The source codes, object codes, and documentation related to its products are all proprietary and protected by copyright. The Company also relies on common law rights to the trademark and service mark "IceWEB" in both block letters and stylized form. [SEC Filing 10-KSB 02-08-07]
 
Description: The Company develops content creation, management, publication, and delivery tools, which is implemented on Website.
 
Officers: John R. Signorello (Chair & CEO); James M. Bond (CTO); Harold F. Compton (Dir.); Raymond Pirtle (Dir.); Joseph L. Druzak (Dir.); Jack Bush (Dir.)
 
Auditor: Sherb & Company LLP
 
Securities: Common Stock-Symbol IWEB.OB; OTC BB; 10,268,514 common shares outstanding as of April 24, 2007.
 
 
 
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