no IIS hosted application... its gotta run .NET remmember.
Althought i think a DLL that runs on the server can have a static connection to the FTP and IIS will keep it going.
The other option is to have a DLL that can perform all the functions and then you just decide where you want it to be... but a DLL CANNOT run on its own, it must have a host app / thread hence a service or app
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