LAS VEGAS, Dec. 17, 2009 (GLOBE NEWSWIRE) -- If you pay attention you'll hear the buzz. In fact, you'll notice a near ubiquity of the phrase "cloud computing." For many, the notion of cloud computing is a concept overdue and clearly the next step in the evolution of the Internet. For early investors, this could spell opportunity.
At Small Cap Sentinel our mantra is "New Ideas for a New Stock Market," an axiom that confirms our objective to try and find the better mousetraps in a stock market smarting from the troubles of the recent past that now looks more critically at public companies. We want new ideas but we want new ideas with traction, momentum, and proof of concept.
As cloud computing becomes ubiquitous and investors start to look for the early players in the space inevitably there will be a spate of companies intent on capitalizing, companies that throw their hooks in the deep water of a growing trend. Investors will have to scratch the surface to parse dreams from reality. Looking for agreements with large companies -- or the federal government -- is a strong start.
Today's featured company, IceWEB, Inc. (OTCBB:IWEB), appears to embody those attributes and earns a place on our watchlist. Not only does the company have a product well-positioned in what we expect will soon be a "cloud computing craze" it also has credibility in the field with a unique product offering and sales to the U.S. Department of Agriculture.
Moreover, IceWEB, Inc. announced yesterday it has expanded on its original deployment of its TruEnterprise product line, a high-density storage platform, with the U.S. Department of Agriculture's Agricultural Research Service (ARS). Not only has IceWEB, Inc. landed a confidence-building government agency, it has now expanded the relationship and doubled capacity provided.
This indeed, should provide a little credibility in the growing cloud.
A profile featuring IceWEB, Inc. (OTCBB:IWEB), is available at www.smallcapsentinel.com/IWEB
Locate every blog, news item, Twitter, message board and more IWEB at financial search engine www.BoardMark.com
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