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/Peo, FreeWebSpace.net
i am looking for a good reliable and fast hosting include these features,
ftp accounts
500 mb webspace
5 gb monthly bandwidth
POP3 email Accounts
99% up time
ASP support
I'm sorry to say armanim that Windows hosts are generally alot more expensive then that.
If you want a discount host, try PHP. Better language all around and almost all hosts support it. 50 dollars per year could get you alot more if you don't need ASP.
The link that Jan posted looks ok to me, prices are within your budget, mabye try and find out a little more about them, or send them a couple of emails.