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Novel Fund-Raising for Virtual Hosting Development

Media Release for Immediate Release

iServe Announces Novel Fund-Raising Approach to Build New Zealand’s Biggest Ever Virtual Hosting Development

Leading infrastructure hosting and management company, iSERVE Ltd, announced today plans for a multi-million dollar development to build New Zealand’s biggest virtual hosting platform.

The company plans to embark on a major development that will include a substantial, fully redundant information backup and recovery facility and the implementation of an always-live 24x7 Linux, Microsoft and Apple certified support desk.

It will also develop several geographically diverse, carrier neutral hosting facilities within New Zealand enabling iSERVE to offer New Zealand's only 100 per cent network uptime promise.

To assist with the funding of this development iSERVE is offering new lifetime hosting plans, Life Plan for $2995 and Life Plan Plus for $3995, which additionally allows ownership of the plan to be transferred to another person before June 1, 2016. This limited offer is being made available to the public from June 1.

The plans - the first lifetime web hosting plans to be made available in New Zealand - are guaranteed for life and come with no strings attached.

Last month iSERVE customers were offered the plans at a discounted rate for a limited period ending June 1.

iSERVE General Manager Joy Cottle says the offer would help raise a portion of the capital required for this major project.

“If the response of our existing customers to this offer is anything to go by we expect to raise a significant portion of the capital required,” she says. iSERVE customers who have signed up to the plans have welcomed the offer as a way to reduce their ongoing hosting costs.

She says while it is traditional for fast-growing companies, like iSERVE, to pursue other capital raising and investment options for such a significant project, the company decided to take a simpler approach.

“By offering the lifetime hosting plans we can help raise the cash needed without using external sources while keeping our regular cashflow stabilised, which is why we have capped the offer to a limited number.

“This way we do not need to consider loan repayments, or have to deal with a severely depleted cashflow while maintaining higher expenses.

“Other investment or capital raising options can also present other issues that could impact on our company’s direction and beliefs,” she says. “At this stage of our business, where our goals and way forward are very clearly defined, we do not want to introduce any such distraction.”

Both the Life Plan and Life Plan Plus plans entitle clients to host as many websites, domain names, email addresses and POP mailboxes as they want without paying another cent for hosting.

The plans also come with the special features already offered to iSERVE customers, including up to 2GB disk space, unlimited traffic and a hosting management console. For further details please visit: www.iserve.co.nz.

ENDS

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