This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IceWEB Shares Letter Received From Graeme Gibson, CEO Of Computers & Telecom And KC NAP, Discussing Pending Merger & Compelling Advantages Of Joining Forces

IceWEB Storage Corporation – (OTC BB:IWEB),  an award-winning Unified Data Storage appliance provider for cloud and virtual environments, as well as the highly secure, scalable IceBOX BYOD (Bring Your Own Device) Private Digital Cloud  Solution, CEO, Rob Howe today provided the following update regarding the pending acquisition of Computers & Telecom, Inc. and KC NAP, the companies that IceWEB has been in the process of acquiring.

“Mr. Gibson’s letter spells out in detail many of the reasons why we are excited about this acquisition, why it has been a lengthy process to complete, and shows the enthusiastic commitment of CTC/KC-NAP’s team to become part of IceWEB as a Complete Cloud Services Company,” said Rob Howe, IceWEB CEO.

Mr. Gibson’s Letter:
An Open Letter to IceWEB July 7 th, 2013
Management & Stockholders:

I felt it would be useful for both IceWEB’s management and its stockholders to hear from us as we wind down the process of getting through the due diligence & audit and soon prepare to be an IceWEB owned pair of companies. It has been a difficult process, as we have had to completely explain two very complex private closely held companies, with unique assets for which there are no readily available comparable public firms for appraisal or evaluation. After all, there are only 45 NAP’s in the world, most run as closed subsidiaries of telephone companies or real-estate investment trusts that do not publish independent data. Add to this the fact that many of the vendor relationships of both CTC and the NAP are not based on dollar denominated payments, but trades for roof rights or bandwidth exchanges, and we have had the auditors and IceWEB’s CFO hopping in casting the financials to GAAP standards.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs