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New York, NY and Boulder, CO – June 20, 2011 - DH Capital, LLC (“DH Capital”), an investment banking firm serving companies in the Internet infrastructure and communications sectors, is pleased to announce the closing of a majority investment into iWeb Group, Inc. (“iWeb”), a leading provider of Internet hosting services and IT infrastructure to nearly 24,000 customers in 150 countries by a group of investors led by Novacap, a Canadian private equity group with over $750 million in assets under management.

The Novacap investment will facilitate the previously-announced amalgamation (the “Amalgamation”) under a merger agreement with 7807201 Canada Inc. and 7807210 Canada Inc., two corporations controlled directly or indirectly by Novacap Technologies III, L.P., Caisse de dépôt et placement du Québec and an investment vehicle affiliated with Bank Street Capital Partners and certain of their affiliates.

DH Capital, LLC served as exclusive financial advisor to iWeb for this transaction.

About iWeb:

iWeb provides Internet hosting services and IT infrastructure to nearly 24,000 customers in 150 countries. With its four data centers, iWeb’s total capacity has reached 34,000 dedicated servers, over 1,100 co-location cabinets and 77 Gigabits per second (Gbps) of Internet connectivity, from 9 separate providers.

One of Canada’s 100 fastest growing companies according to PROFIT Magazine, iWeb now generates more than 60% of its revenues, which reached US$29 million in 2010, from abroad.

About Novacap:

With over $750 million in assets under management, Novacap is one of Canada’s leading private equity and venture capital firms. Since 1981, its partnership strategy has helped over 50 companies accelerate growth and maximize value. Novacap is one of North America’s top private equity firms, with first-quartile returns in North America. Further information about Novacap is available at www.novacap.ca.

About DH Capital, LLC:

DH Capital is a private investment banking partnership serving companies in the Internet infrastructure and communications sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm’s principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed M&A transactions and private capital placements totaling more than $4 billion in value.