IceWEB Enters Agreement With ExxonMobil Global Services for Upstream Services

STERLING, Va., Nov. 3 -- IceWEB, Inc.(TM) (OTC Bulletin Board: IWEB), www.IceWEB.com, a leading provider of purpose built appliances and building blocks for cloud storage networks, announced today that the Company has entered into a Standard Procurement Agreement (SPA) with ExxonMobil Global Services Company, an operating division of ExxonMobil, the largest publicly traded international oil and gas company.

  The agreement for upstream services from IceWEB is for both the design of Geographical Information Systems (GIS) and to provide GIS technical staff including Consultants, Project Managers, Senior GIS System/Software Architects, GIS Software Developers, Engineers, Data Base Analysts, and Senior Storage Engineering staff.

John R. Signorello, CEO of IceWEB said, "Land exploration in the oil and gas sector requires the ability to put detailed imagery in the hands of those who need it regardless of where they may be. With this agreement ExxonMobil will leverage IceWEB expertise to work on building new infrastructure to accomplish that task. We are very pleased to be able to make our resources available to ExxonMobil for this important project."

About IceWEB, Inc.

Headquartered just outside of Washington, D.C., IceWEB manufactures and markets purpose built appliances, network and cloud attached storage solutions and delivers 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.

Web Site: http://www.iceweb.com/