Murphy Analytics Issues Research Update on IceWEB(TM)

DULLES, Va., Oct. 8 /PRNewswire-FirstCall/ -- IceWEB (OTC Bulletin Board:
IWEB) (www.iceweb.com) announced today that Murphy Analytics, an independent
equity research group, has updated their initial coverage report on IceWEB,
Inc.

In the report entitled "IWEB Business Development Creates Significant
Opportunity as Sector Revenue, Earnings and Mergers & Acquisition Activity
Grow," Murphy discusses, "Momentum in the IT sector in general and in IWEB's
markets in particular create significant potential for IWEB, and recent
business development achievements including the Adelos Program and other
governmental and commercial relationships seem to affirm that the IWEB product
and service offering fits well into the market opportunity."

The full report is available for review at:
http://www.murphyanalytics.com/uploads/IWEB_Profile_10-8-09

About Murphy Analytics
Murphy Analytics LLC is owned by Patrick J. Murphy, who has 15 years of
capital markets experience, providing institutional investment and transaction
analysis across a range of asset classes including microcap equities,
commercial real estate debt and equity, municipal derivatives and public
finance, venture capital, fixed income, CMBS and mortgage REIT's. Murphy
Analytics provides company-sponsored research coverage on small-cap stocks in
a broad range of sectors. For additional information, please visit
http://www.murphyanalytics.com . The views expressed in the report on IceWEB
Inc. accurately reflect the analyst's personal views. Neither the analyst's
compensation nor the compensation received by Murphy Analytics is in any way
related to the specific rating or the views contained in this research report.

About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures and
markets storage solutions and on-line cloud computing application services.
Its customer base includes U.S. government agencies, enterprise companies, and
small to medium sized businesses (SMB). For more information, please visit
www.IceWEB.com.

This press release may contain forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. In some cases you can identify those so-called "forward
looking statements" by words such as "may," "will," "should," "expects,"
"plans," "targets," "believes," "anticipates," "estimates," "predicts,"
"potential," or "continue" or the negative of those words and other comparable
words. These forward looking statements are subject to risks and
uncertainties, product tests, commercialization risks, availability of
financing and results of financing efforts that could cause actual results to
differ materially from historical results or those anticipated. Further
information regarding these and other risks is described from time to time in
the Company's filings with the SEC, which are available on its website at:
http://www.sec.gov. We assume no obligation to update or alter our
forward-looking statements made in this release or in any periodic report
filed by us under the Securities Exchange Act of 1934 or any other document,
whether as a result of new information, future events or otherwise, except as
otherwise required by applicable federal securities laws.

Contact:
IceWEB, Inc.
Investor Relations, 571-287-2400
investor@iceweb.com
Gary Nash
CEOcast, Inc. for IceWEB at 212-732-4300

SOURCE IceWEB, Inc.

IceWEB, Inc., Investor Relations, +1-571-287-2400, investor@iceweb.com, or
Gary Nash, CEOcast, Inc. for IceWEB, +1-212-732-4300