Alliance Advisors will provide IceWEB with a premier information resource to institutional investors, hedge funds, independent portfolio managers, buy-side and sell-side analysts, small to large retail brokerage firms and accredited individual investors. Alliance will leverage its recognized investment management team to help capitalize on IceWEB's proven assets and growth opportunities. Additionally, they will work with IceWEB to extend market development, investor awareness programs and shareholder communications. Alliance shall provide advice to IceWEB about the financial marketplace, competitors, business acquisitions and other aspects of or concerning the Company's business about which Alliance has knowledge or expertise.

"This is an exciting time of growth and expansion for IceWEB," said John R. Signorello, Chairman and CEO, IceWEB Inc. "The team at Alliance Advisors is well-respected and have a proven track record on Wall Street. We have experienced recent success with our latest acquisition of PatriotNet and the expansion of our indirect sales channel which is beginning to deploy the IceWEB network of products including Microsoft Exchange and Blackberry services. We are confident that Alliance Advisors will further assist us in communicating our story and recent achievements as we strive for additional success."

Mr. Sheinwald commented, "IceWEB continues to execute their strategic plan while achieving key milestones in connection with its goal of supplying industry packaged solutions and tailored services to help strengthen the success of small and mid-sized businesses. The company's recent success combined with its strong product of creating a smart enterprise suite that allows small businesses to emulate large IT infrastructures at an affordable price makes IceWEB's a compelling story to tell. The timing is right to raise the level of awareness of IceWEB with the investment community."