Webs.com (Freewebs) Ranks 119th Fastest Growing Company in North America on Deloitte's 2008 Technology Fast 500

Wed Nov 12, 2008 2:11pm EST

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  SILVER SPRING, MD, Nov 12 (MARKET WIRE) -- 
Webs.com (formerly Freewebs) today announced that it ranked number 119 on
Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing
technology, media, telecommunications and life sciences companies in
North America. Rankings are based on percentage of fiscal year revenue
growth over five years, from 2003-2007. Webs.com grew 1704.23 percent
during this period.

    Web's CEO, Haroon Mokhtarzada, credits an innovative and adaptable social
publishing platform with the company's 1700% revenue growth over the past
five years.

    "In the beginning, we innovated website-building by making it as easy to
do as sending an email," said Mokhtarzada. "But the internet is no longer
about one-way publishing. Social interaction now drives online traffic and
public opinion and we have evolved to accommodate the internet's social
evolution. We owe our success to an adaptable platform and constant
innovation in online publishing."

    "Each company on Deloitte's Technology Fast 500 is an innovator with an
exceptional five-year track record of growth," said Phil Asmundson,
Deloitte LLP vice chairman and national managing partner for Technology,
Media and Telecommunications. "Webs.com has earned its position among the
fastest growing companies in North America, and we are proud to honor this
important accomplishment."

    In addition to ranking on Deloitte's Technology Fast 500, Freewebs ranked
number five on the Greater Washington Regional Technology Fast 50, which
is a ranking of the 50 fastest growing technology firms in the
Washington, D.C. region.

    Fast 500 Selection and Qualifying Criteria

    The Fast 500 ranks the fastest growing technology, media,
telecommunications and life sciences companies in North America. It is
compiled from Deloitte's regional North American Fast 50 programs,
nominations submitted directly to the Fast 500, and public company
database research. Companies are selected based on percentage revenue
growth from 2003 to 2007.

    Entrants must own proprietary intellectual property or proprietary
technology that contributes to a significant portion of the company's
operating revenues or devote a significant proportion of revenues to
research and development of technology. Using other companies' technology
or intellectual property in a unique way does not qualify. Base-year
operating revenues must be at least $50,000 USD or $75,000 CD, and
current-year operating revenues must be at least $5 million USD or CD.
Companies must be in business a minimum of five years, and they must be
headquartered within North America.

About Webs.com

    Launched in 2001 by the Mokhtarzada brothers, Webs.com (Freewebs) had a
simple mission -- to create a website building service easy enough for
their mother to use. Five years and millions of websites later, Webs.com
received its Series A funding from Novak Biddle Venture Partners and
Columbia Capital in August 2006. In 2008, Webs.com added popular social
media applications like photo and video galleries, Web stores, calendars
and a widget bank to enable users to further customize their sites.
Webs.com, located in Silver Spring, M.D. now boasts 20 thousand user
signups a day and over 30 million unique visitors to their sites each
month. For more information, visit www.Webs.com.

    About Deloitte

    As used in this document, "Deloitte" means Deloitte LLP. Please see
www.deloitte.com/about for a detailed description of the legal structure
of Deloitte LLP and its subsidiaries.

    

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