Safe Harbor: The below press releases contain statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Hot Web, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Hot Web, Inc. Announces Completion of Significant Share Reacquisition
BOISE, ID--(MARKET WIRE)--Apr 2, 2008 -- Hot Web, Inc. (Other OTC:HWBI.PK - News) announced today that, in conjunction with the Company's recently completed and announced capital restructuring, the Board of Directors reached agreement with five of its larger shareholders in mid-January 2008 to reacquire 12,500,000 shares of the company's freely tradable common stock. This action reduced the Company's total outstanding shares by approximately 2.5% to 454,887,086 shares and reduced the estimated outstanding float -- or shares in the DTC system -- by approximately 6.1%, to 191,592,711. All of these reacquired shares have already been returned to the stock transfer agent for retirement
George Stevens, Chairman of Hot Web, Inc., commented, "I thought it was important to highlight concurrent share reduction initiatives that were instituted alongside our milestone capital restructuring announced last week. By returning over 12 million shares of stock to our Treasury, Hot Web shareholders realized increased intrinsic value for those shares held in the public marketplace. This major change in our capital structure, in conjunction with several significant pending announcements, represents genuine progress in our efforts to finally begin rewarding our loyal and patient investor base."
Hot Web, Inc. Announces Elimination of Legacy Debts and Capital Restructuring
BOISE, ID--(MARKET WIRE) Mar 27, 2008 Hot Web, Inc. (Other OTC:HWBI.PK - News) announced today that the Company has successfully eliminated approximately $1.6 Million in "legacy" debt that was incurred by Snap 'N Sold Corporation, Hot Web's predecessor company, in an effort to prepare Hot Web, Inc. for future financial audits, fully-reporting listing status and growth of its businesses.
Hot Web Chairman & CEO, George Stevens, stated, "When we hired the legal firm of Ater Wynne LLP in the third quarter of 2007 and began working with them to prepare to become a fully reporting public company, we thoroughly reviewed the outstanding liabilities of Hot Web. Speaking with debt holders, it became readily apparent that some of the debts incurred by the former management team of Hot Web's predecessor, had to be dealt with in order to give the company a fighting chance to succeed moving forward. The overhang from these previous debts would stymie the ability to finance the company responsibly into the future. Unfortunately, it took us nine months to negotiate applicable solutions, but that process has now been completed."
Under current Hot Web management, the Company reached a restructuring agreement with existing debt holders that eliminated $1.6mm of the Company's debts and debentures. The restructuring agreement also provided for an additional equity-based capital infusion of $500,000 for ongoing expansion and marketing of the Company's businesses. In consideration for this $2.1 Million conversion of debt and increase in net equity, the various debt holders and investors will receive 200,000,000 newly issued restricted common shares of Hot Web at a cost basis of $.0105 -- a 3500% premium to yesterday's closing price for Hot Web's common shares.
Pursuant to the restructuring, the capital structure of Hot Web is as follows: Officially, there are currently 750 Million shares Authorized with 454,887,086 shares Issued and Outstanding. Internal estimates of the "tradable" float remain -- otherwise known as shares within the DTC system -- at approximately 191,592,711.
Stevens continued, "Not only were we able to eliminate the debt under favorable terms, but we were also able to improve the capital position of Hot Web. After lengthy discussions with Hot Web's management team and a comprehensive review of the Company's business plan and operating models, the cost basis that the debt holders and investors accepted under this agreement truly shows the potential they believe Hot Web possesses."
hot web, inc. engages VUi consulting for investor relations services
BOISE, Idaho ... October 11, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) has selected VUI Consulting to replace Brass Bulls Corporation as their Investor Relations specialists, effective October 8, 2007. Following a long and prosperous relationship with the Brass Bulls Corporation, Hot Web, Inc. is excited about this propitious association with the progressive and creative VUI Consulting firm. VUI's staff has a substantial background with over 50 years of experience representing small cap public companies. Their current clients include AccessKey IP, inc. (AKYI) and FaceKey (FEKY). All future Investor Relations questions should be directed to Guy Vinci at 866-730-9634, or email wvfinc@embarqmail.com.
hot web, inc. releases current auction information
BOISE, Idaho ... September 25, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today released information about recently initiated auctions that the Company's HotAutoWeb business unit is running through eBay Motors(TM). Currently, the HotAutoWeb unit has twenty-one 7-day vehicle auctions in place through eBay Motors(TM) with aggregate posted asking prices for the entire twenty-one-vehicle inventory exceeding $1,015,000.00. The auctions, which were initiated on Sunday morning and are roughly 36 hours old, are drawing some solid bidding activity, with most of the vehicles seeing multiple bids and bidders and several auctions fielding firm offers as of Monday afternoon.
Furthermore, the Company expects to begin additional 7-day auctions later this week that should raise the aggregate posted asking prices of the vehicles being auctioned on eBay Motors to between $1,250,000,00 and $1,500,000,00. All current auctions can be viewed by visiting the HotAutoWeb's eBay Motors Store at the following URL: http://stores.ebay.com/Hot-Webs-HotAutoWeb
Hot Web President and CEO, Brian Hanold, commented, "We are seeing an increase in general market activity for buyers of classic cars worldwide. Our latest marketing initiatives and the overriding seasonal trend are helping U.S. sales, while the weakness in the U.S. dollar is helping to attract foreign buyers." He continued, "Listings continue to come in the door and sales volumes are starting show strength. We are encouraged at the 4th quarter activity so-far, and look forward to sales activity for the remainder of the year."
hot web, inc. announces new vehicle listings
BOISE, Idaho ... September 18, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced that the Company has secured 15 new vehicle listings for its HotAutoWeb business unit as a result of management's successful trip to Jersey City, NJ last week. In total, the value of secured listings from the trip carries an estimated retail market value of $325,000.00 USD.
Hot Web's management inspected and documented 15 highly coveted vehicles, many of them vehicles from the 1940s & 1950s, from Cambridge Motor Works of Jersey City, NJ. All of the vehicles are in excellent condition and most are rare in the sense that they are of "stock restored format." Notable listings include a completely restored 1941 Ford Super Deluxe 2-door convertible, a 1961 Ford Thunderbird convertible, a 1955 Ford Thunderbird, three Ford Rancheros from 1957, 1958 and 1959, a 1950 Ford Club Coupe, two Ford Galaxie Sunliner convertibles from 1959 and 1961, a 1957 Ford Thunderbird, a 1958 Edsel Citation, a completely restored 1948 Jeepster, a 1953 Buick Special 2-door Hardtop, a 1978 Lincoln Mark V Diamond Jubilee and a 1984 Corvette. Chevrolet®, Buick® and Pontiac® are registered trademarks of the General motors Corporation (NYSE). Ford®, Lincoln® and Pontiac® are trademarks of Ford Motor Company (NYSE).
Brian Hanold, CEO of Hot Web, Inc., commented, "All the vehicle listings gathered from our recent trip to New Jersey are highly coveted cars and appear to appropriately priced with a marketable pricing structure. Historically, it is these moderately priced collectable consignments that tend to sell very quickly." He continued, "The partners of Cambridge Motor Works are well aware of both our marketing capabilities and standing in the classic car community, so its meaningful that they have chosen HotAutoWeb to consign 15 vehicles. I also believe it is a testament to no only our existing accomplishments, but also our future prospects that one of the Cambridge Motor Works partners decided to purchase shares of Hot Web in the open market."
hot web, inc. welcomes first international regional representative
BOISE, Idaho ... September 13, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) announced today that the Company has signed an agreement that will, for the first time in Company history, increase Hot Web's representation for Classic Cars, Hot Rods, Airplanes, Boats, Recreational Vehicles (RVs) and Motorcycles beyond the borders of the continental United States.
Mr. Ross Bracher, an avid classic car collector, enthusiast and HotAutoWeb customer, based in Brisbane, Australia, will provide the Hot Web network with its first representation in a country that is well known for its appetite for "all things American," including classic cars and hot rods. In addition to managing the acquisition, marketing and inspection of new listings, Mr. Bracher will also be charged with promoting the Hot Web brand within the Australian territories of Queensland and New South Wales and recruiting new Representatives in other geographic areas within Australia.
With training scheduled to begin immediately, Mr. Bracher will also be the first Regional Representative to be trained and certified "virtually" through Hot Web's new interactive Internet-based training program, a groundbreaking initiative that is designed to lower overall training costs and speed up Regional Rep acclimation.
Brian Hanold, CEO and President of Hot Web, commented, "We are thrilled to be able to announce the first international Rep to the Hot Web family. Ross is a seasoned collector and automotive enthusiast and he is as excited to be representing Hot Web in Australia, as we are to have him. His infectious enthusiasm and first hand knowledge of the Hot Web's FRAUD FREE inspection, transaction and delivery process will go a long way to foster increased listings and sales and to and from his international region."
hot web, inc. announces august's listing results for hotautoweb
business unit and pending september listings
BOISE, Idaho ... September 6, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced the listing results for the Company's www.HotAutoWeb.com business unit for the recently completed month of August 2007 in which the HotAutoWeb business unit secured listings with an approximated total Gross Merchandise Value of $597,000.00 USD.
HotAutoWeb's notable August listings included a 1968 Ford Shelby GT-500 KR Convertible, a 2008 Ford Mustang Shelby GT-500 Coupe SVT, an Award-Winning Sam Foose-built 1957 Chevrolet 150 Custom, a 1967 Pontiac GTO 1968, an Award-Winning Bobby Alloway-built 1932 Ford Roadster, a 1946 Ford Super Deluxe LS-1 Power, and a stunning 1946 Lincoln Continental, 1 of only 265 built. Chevrolet® and Pontiac® are registered trademarks of the General motors Corporation. Ford® and Pontiac® are trademarks of Ford Motor Company.
The Company also noted that September listing activity will begin with the documentation and inspection of two individual collections in the Northeast and Pacific Northwest United States. The Northeast collection, located in Jersey City, New Jersey, contains 14 highly coveted vehicles, including several extremely rare "2 +" quality "Original Style" early Ford's from the 1940s and '50s. The Pacific Northwest collection, located in Portland, Oregon, contains several highly desirable "Big Block" GM Muscle cars from the 1960s and 1 spectacular Street Rod Cabriolet that is powered by a very rare GM 427 "Twin O-Head Cam V-8."
Brian Hanold, CEO of Hot Web, Inc., commented, "August was a building month in which we worked to finalize agreements and initiate training with our new group of Regional Representatives as well as target new boat and RV dealers for the expansion of the HotBoatWeb and HotRVWeb properties. We continue to have a back-log of pending automotive listings yet to be inspected and newly scheduled listing inspections for the coming week are expected to be impressive." He continued, "While the spring and summer months typically show significant increases in activity, it is in the fall and winter months when HotAutoWeb has historically completed more vehicle sales than at any other time during the year. With a handful of upcoming high-profile car shows and events, we are gearing up for a banner fall and winter."
hot web, inc. recaps august 27th open conference call
BOISE, Idaho ... Sept 4, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today issued a recap of last week's open conference call, hosted after the markets close on Monday, August 27th by Company Chairman, George Stevens, and President and CEO, Brian Hanold.
The open conference call, which lasted approximately 40 minutes and played host to an intimate group of 38 individuals, provided an open and informal platform for participants to ask direct questions to and receive direct answers from the Company's senior management. In answering participant's questions, Mr. Steven's and Mr. Hanold reviewed the powerful simplicity of the Company's business model, the ability to replicate the model to achieve potentially enormous future growth, the importance of maintaining the highest levels of integrity and service to fuel the company's already stellar reputation and increase word-of-mouth referrals as a growth catalyst and, lastly, the Company's past and current successes given limited human resources and the new prospect of creating efficiencies and scale in the Company's vehicle inspections and listing process created by Hot Web's Regional Representative program.
Additional points-of-interest discussed on the call included:
-- Management emphasized that it had no immediate plans for financing or
to engage in any other dillutive event. Additionally, management assured
participants that there were no current plans for a reverse split of any
kind and that a reverse split would only occur to either facilitate the
closing of a major "platform" acquisition or to meet minimum share price
requirements needed for listing on a bona-fide exchange, such as the
American Stock Exchange.
-- Management reiterated the current share structure: 250 Million
"authorized" common shares; 229 Million "outstanding" shares and
approximately 180 Million "floating" common shares (shares in the DTC
system).
-- Management reiterated its commitment to shareholder transparency and
voluntary disclosure of financial and operational information, but noted
that OTCBB listing will not be possible until such time as the Company can
responsibly incur the additional costs associated with Sarbanes-Oxley
compliance.
-- Management discussed that a number of acquisition candidates are
currently being approached, negotiated with or are in various stages of due
diligence.
-- Management reviewed its commitment to the development of the Company's
25 branded and category-specific Internet domains, particularly focusing on
the building-out of the Company's airplane, RV, boat, vehicle finance,
insurance and warranty businesses in the near-term.
-- Management elaborated on the lengthy and highly selective process of
recruiting and training new regional representatives and remarked that the
Company is intently focused on vastly increasing this Regional Rep base
through the recruitment of new reps at various regional vehicle events this
fall and winter.
Company Chairman, George Stevens, commented, "The feedback we have received from Hot Web stakeholders who participated in the conference call has been encouraging. Our intent was to provide as much information to the participants as possible in the most 'matter-of-fact' way possible, and I believe we succeeded, as participant feedback suggests that the open and honest hype-free discussion was appreciated." He continued, "We are an ever vigilant ear when it comes to the needs of all of our constituent stakeholders. Aside from shareholders, I find myself frequently discussing the quality of the Hot Web experience with customers and believe our shareholders should take a look at a snapshot of the customer feedback we have generated from our unflinching commitment to quality and customer satisfaction, for it is what will make Hot Web a long term success. In the meantime, I expect that we will be sharing some new listings within the next week that will confirm the building excitement around what Hot Web is doing in the world of vehicle consignments."
To view customer feedback, please visit the following link: http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=hotautoweb&ftab=FeedbackAsSeller
hot web, inc. Releases open conference call instructions
BOISE, Idaho ... August 27, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) this morning released instructions to the open conference call scheduled to take place this afternoon at 4:05PM EDT. Open to all who wish to participate, the call will be hosted by Hot Web Chairman, George Stevens, and President and CEO, Brian Hanold and will give management the opportunity to discuss current Company developments as well as to answer questions directly from call participants. All are encouraged to participate.
To participate in the open conference call, dial (605) 772-3200 and enter the pin, '366301#'.
hot web, inc. qualifies prospective regional representatives in four new domestic territories
BOISE, Idaho ... August 23, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced that Company management is in the process of qualifying several individuals for Regional Representative positions throughout the United States as a result of Hot Web's ad placement in the September issue of the Good Guys Gazette, a publication of Goodguys Rod & Custom Association, which is distributed to over 100,000 hot rod, classic and custom car enthusiasts.
Once qualification and training is completed, Hot Web anticipates that it will introduce new Certified Regional Representatives for territories in Southern Texas, Oklahoma, and Northern Florida in addition to the Bakersfield and Los Angeles areas of Southern California. Currently, the Company's CEO, Brian Hanold, is on a trip meeting with the prospective Regional Representatives and securing new vehicle listings.
George Stevens, Chairman of Hot Web, Inc., commented, "As our Advertising mix expands with new targeted outlets, we are seeing increased response levels from prospective regional representatives and increased web traffic by collectors and enthusiasts at our various internet properties." He continued, "We are currently targeting 100% growth in the total number of Regional Representatives for the second half of 2007, which helps to further increase listings, lowers traveling costs and gives us greater word-of-mouth exposure in local areas."
Hot web, inc. announces increased international sales and
increased inquiries for foreign representation.
domestic sales continue to improve.
BOISE, Idaho ... August 20, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced that the Company is seeing increased sales and Regional Representative inquiries from the international community in the face of an "ever-increasing appetite" for classic American cars by foreign nationals. The company is currently negotiating with prospective Regional Representatives in Moscow, Russia and Brisbane, Australia and management believes that growth of inquiries by prospective Regional Representatives from foreign countries will accelerate going forward.
Recently closed international sales from the Company's HotAutoWeb business unit included a 1967 Ford Mustang Fastback for $72,000 to a buyer in Auckland, New Zealand (Ford® is a trademark of Ford Motor Company (NYSE: F - News) and a 1955 Chevrolet Belair for $47,000 to a buyer in Adelaide, Australia (Chevrolet® is a registered trademarks of the General Motors Corporation (NYSE: GM - News).
The company also noted that domestic sales continue to strengthen and, according to Company management, have the best sales months still ahead, supported by several high-profile events and auctions, such as the "Hot August Nights" event held last week in Reno, NV, the Russo & Steele Collector Automobile Auction held this past weekend in Monterey, CA, and the famed Annual Barrett-Jackson Collector Car Auction Event in January of 2008.
Recently closed domestic sales for the Company's HotAutoWeb business unit include a 1936 Ford Pick-Up Street Rod for $54,000, a 1957 Chevy Belair LS1 for $69,000, a 1928 Ford Model A Roadster for $21,500 and a 1955 Chevy Belair for $49,500.00.
Brian Hanold, CEO of Hot Web, Inc., commented, "Listings inquires are at an all-time high, consignment is strong and several big-ticket listings and collections are scheduled for early in the week this week. With strong inventory and the selling season upon us, management is both excited and ready to increase listing and sales growth going forward."
hot web, inc. announces open conference call
BOISE, Idaho ... August 17, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced that, due to the overwhelming response received by shareholders pursuant to Wednesday's shareholder letter, Chairman, George Stevens, will join President and CEO, Brian Hanold, in hosting an open conference call - the first in Hot Web's history - for shareholders, the general investment community, securities industry professionals and company affiliates on Monday, August 27th at 4pm EST.
The open conference call is intended to give management the opportunity to discuss, in greater detail, topics from Wednesday's shareholder letter that were not adequately addressed, provide a open platform for any and all participants to ask direct questions and receive direct answers and discuss other developments that are currently nearing completion.
Company Chairman, George Stevens, commented, "Much to my surprise, the company has received hundreds of phone calls over the past two days, at both our company headquarters in Idaho and our Investor Relations offices in Florida, from existing and prospective Hot Web shareholders wanting more information. A matter-of-fact shareholder letter that was simply intended to review and inform has met with praise, accolades, considerable enthusiasm and, of course, many follow-up questions. As such, we have decided that additional communication is necessary. What better way to foster open communication than an open conference call?" He continued, "We are very excited to field and answer all participants questions and we firmly believe that the substance of the call will usher in new level of shareholder enthusiasm going forward."
Anyone wishing to participate in the conference call is encouraged to call Hot Web Investor Relations and RSVP for the call, so that toll-free dial-in instructions can be provided to each prospective participant.
HOT WEB, INC. PROVIDES INVESTOR UPDATE IN SPECIAL LETTER TO SHAREHOLDERS
BOISE, Idaho ... August 15, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) Chairman, George Stevens, issued a special letter to shareholders today to highlight accomplishments over the past 12 months, as well as to outline the Company's future plans and expectations in light of shareholder requests directly resulting from recent trading activity in Company shares. The complete text of the letter is as follows:
Dear Fellow Hot Web, Inc. Shareholder,
This letter has been a long time coming and I am glad that, despite somewhat alarmist notions stemming from recent market activity, our shareholders have taken the interest and initiative to reach out and ask that I address both existing and prospective shareholders alike.
It has been roughly 12 months since the Board of Directors of Hot Web's predecessor company embarked on a decision that would serve as the genesis of what we all know today as Hot Web, Inc. In 2005, Hot Web's predecessor, Snap n Sold Corporation, acquired HotAutoWeb, a two-and-a-half year-old on-and-offline consigner of fine and classic automobiles with folksy appeal and consistent organic growth, to address and capitalize on a distinct market need. At the Corporate level, business integration issues and failures to create growth in the Company's core "drop store" business forced the Company's Board of Directors to decided on a course of action to eliminate the non-performing management team and business and make a strategic bet to redirect all resources to the Company's HotAutoWeb business unit, that while undercapitalized, was still managing to perform at or above expectations. While the decision was something of a calculated gamble at the time, it also represented the opportunity to build a leading-edge company around a highly-unique, bricks-n-clicks vehicle consignment model that re-introduced humanism to commerce - one that we believed that could someday become the dominant force in "Fraud Free" on-and-offline line big-ticket commerce.
Fast-forward to today and it looks like the decision was the correct one, as we have managed to transform the Company from a struggling concern, concentrated in a business of questionable merit, into a viable niche-focused enterprise with an impressive list of milestones attained and even more impressive potential for growth in the future. Quite simply, Hot Web, Inc., is more stable and successful today than at any time in its history. Consider for a moment the extraordinary developments and strides made in a little less than a year.
-
The Company was reorganized as Hot Web, Inc., complete with new trading symbol and CUSIP number. Brian Hanold, the founder of HotAutoWeb, was named as President & CEO and I was named as the Company's Chairman.
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7 total regional representatives have been recruited and trained, in line with the hub & spoke operating strategy that evolved into Hot Web's Regional Representative Program (RRP). The Company now has local marketing, inspection and listing collection representation for classic cars, show cars, hot rods, cycles, boats, airplanes and RV's in areas of Arizona, Southern California, Illinois, Iowa, Wisconsin, New Mexico and Texas.
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The Company secured a long-term lease on, renovated and launched a 4,570 sq ft. World-Wide Head Quarters in Boise, Idaho complete with offices, a warehouse, vehicle showroom, inspection facilities, photography operations and online listing operations and a bonded dealers license from the sate of Idaho.
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A new Corporate website was launched, significant upgrades were made to the HotAutoWeb site and two new sites designed and launched - HotCycleWeb and HotBoatWeb - representing two critical components for our future growth.
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Preparations have been made and relevant information aggregated from former management and operations to file an Information and Disclosure Statement pursuant to Rule 15c2-11 of the Securities and Exchange Act of 1934, though St. Petersburg, Florida-based Spartan Securities Group, Ltd. in order to move the Company from "Unsolicited" Pink Sheet listing status to "Fully Compliant" listing status.
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We have aligned the Hot Web "brand" with that of best-of-breed participants in the automotive and business community, such as Proctor & Gamble (NYSE: PG - News), Dodge(TM), Texaco Havoline(TM)(a trademark of Chevron Corporation (NYSE: CVX - News) and General Motors (NYSE: GM - News) by active and frequent participation in prestigious exhibitions and events nationwide. Several hundred thousand automotive and vehicle enthusiasts have now had a chance to "meet" and "get to know" Hot Web face-to-face.
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We have initiated a monthly nationwide print advertising campaign - the first in company history - to compliment online marketing efforts. These initiatives have provided immediate dividends in sales and listing increases, brand awareness in the community and dramatically increased online traffic.
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The Company has successfully listed some of the most highly coveted show cars in America and has become a "favorite resource" for well-known and extremely affluent domestic and international automotive collectors.
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A 26-year auto industry veteran was hired to run Corporate Sales & Operations in the Company's Boise, Idaho Head Quarters.
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We have generated dramatic increases in Internet traffic to the Company's flagship property, HotAutoWeb. According to Alexa® Internet, a subsidiary of Amazon.com, Inc. (NASDAQ: AMZN - News), the HotAutoWeb site climbed into the top 100,000 most visited sites on the Internet for the first time in Company history. Additionally, the HotAutoWeb domain was ranked as the 18,098 most visited Internet destination in the United States. According to Ranking.com, HotAutoWeb was recently is ranked 40,059 of all websites worldwide, while the domain is currently ranked 3rd worldwide in the "Classic Car" category.
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New Company records for the value of system-wide listings obtained in a single-month were established. A new record was established in May 2007 when $1.76 Million (USD) in system-wide listings were secured, only to be broken 60-days later, in July 2007, when $3.6 Million (USD) in system-wide listings were obtained.
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Announced un-audited financial performance for the fist six-months of FY 2007 of $1,222,058.00 USD, or $.005 per common share and a modest net loss of $96,899.00 USD, or $.00039 per share.
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The Company surpassed $13,000,000.00 USD in total vehicle sales in its history.
If you consider the above list, and the amount of time it took to accomplish the items listed, I think you will all agree that we have accomplished a great deal in a relatively short period of time. The progress made to-date, however, is merely prologue to a chapter in Hot Web's history that, we believe, will highlight the most significant series of events to come. The real purpose behind this letter is to provide shareholders with an overview of our plans and expectations for the foreseeable future, and in so doing, set expectations and goals for us, as management, to deliver to you, the shareholder.
In the coming 12 months, the Hot Web management team will be singularly focused on our 4 pillars of growth:
1.) Utilizing our existing hub & spoke system of centralized management and regional representation throughout each of our business lines to increase penetration domestically and internationally while minimizing costs - Regional representatives are the keystone to monthly listing and sales growth, and while finding, recruiting and training candidates who are committed to our processes, quality, integrity and customer experience isn't easy, it is vital to protecting our image and ensuring repeat customers over time.
2.) Dramatically increasing consumer awareness of our branded businesses through a combination of merit-based media coverage, event-driven sponsorship and representation and direct-to-source marketing and advertising - We will continue to market ourselves to local communities through event sponsorship and participation as well as increase the volume of our highly-targeted nationwide print advertising and radio advertising to compliment our increased levels of online marketing initiatives over the next 12 months.
3.) Rolling-out new service offerings including our HotPlaneWeb, HotInsuranceWeb and HotloanWeb properties - These properties will slowly take shape over the next year, just as HotBoatWeb and HotCycleWeb did over the past year. Our feedback has indicated that product focus generates loyalty among product-focused consumers. One size does not fit all, particularly for the product-focused business community members and individuals we are looking to attract.
4.) Completing at least one highly synergistic "platform" acquisition - We are, and have been, in active discussions with several candidates that fit our "platform" mandate. While for a number of reasons, the business nature of these companies must remain confidential for the time being, it is important to note that each has established revenue and earnings bases that would propel Hot Web to immediate profitability, if acquired, and possess little "service offering overlap", only enhancement. Ultimately it is our belief that one of these, or other, potential "platform" acquisitions will lead to a "1+1=3" scenario.
It is important to note that at the corporate level, Hot Web management has taken steps to provide our shareholders with assurances that can only be gained by full disclosure and transparency. As previously announced, we have aggregated the necessary information and are preparing the documentation to file an Information and Disclosure Statement sometime in the next financial quarter. While the costs associated listing on the OTC Bulletin Board and maintaining ongoing regulatory compliance, reporting and financial transparency pursuant to Sarbanes Oxley legislation are prohibitive at this point, it is our intent to take these steps when we can justify the additional costs. In the meantime, I will reassure that we are absolutely committed to our fiduciary responsibility to the shareholder and the maximization of shareholder value and will, whenever possible, file voluntary information to keep you up-to-speed.
Lastly, the prospect of financing and the dilution commensurate with such activities is of great concern to many of our shareholders - particularly as the specter of dilution pertains to the trading of Hot Webs' common shares. The capital structure of Hot Web has remained static for a considerable length of time. Officially, there are currently 250 Million shares Authorized with 243,601,372 shares Issued and Outstanding. Our internal estimates of the "tradable" float are roughly 180 Million shares. Management is acutely aware of the tension that exists between the need for capital to drive growth and the ultimate cost of that capital in terms of share appreciation potential. While it is a distinct possibility that we may need to raise capital at some point in the extended future, we have no intent and/or no immediate plans for financing in the near future, particularly at the valuation the market has recently assigned to the Company. As for the trading of our shares, I cannot comment on the "in's and out's" of every trading day, but I do maintain that the Company is considerably stronger and more viable than at times in its past when it carried a valuation 7 to 10 times higher than what it is today. All we can hope for is that eventually the company's intrinsic value and growth prospects become reflected in the value of the shares. My personal opinion is that they currently are not.
In summation, I want to thank the shareholders that have stuck by us over the past year for their votes of confidence and the commitment they have made to the Company. Investing in early-stage companies a highly speculative endeavor that requires both patience and fortitude and everyone at Hot Web acknowledges your role in our early successes. It simply would not have been possible without you. My hope is that your resolve as a shareholder has been strengthened by our accomplishments so far and I can say with all confidence that the company's management, employees and stakeholders look forward to rewarding you with impressive returns on invested capital as the company continues to grow. With your continued support we will complete the task of building a world-class enterprise originally set before us.
Yours truly,
George Stevens, Chairman
Hot Web, Inc.
HOT WEB, INC. ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR FIRST SIX MONTHS OF 2007
BOISE, ID ... Aug 13, 2007 ... Hot Web, Inc. (Other OTC:HWBI.PK - News) today announced the Company's unaudited financial results for the first half of fiscal 2007. Reported financial results represent consolidated revenues from all Hot Web businesses for the period beginning January 1st, 2007 through June 30th, 2007.
For the first six months of the current fiscal year, Hot Web, Inc posted unaudited revenues of $1,222,058.00 USD, or $.005 per common share. For the same period, the Company posted a modest net loss of $96,899.00 USD, or $.00039 per share.
George Stevens, Chairman of Hot Web, Inc., stated, "We have aggregated the financial results for the first six months of 2007 in order to file an update 15c-211 information statement in the third quarter. While an OTCBB listing clearly isn't in our immediate future, we ardently believe in communicating our financial results to our shareholders and creating an environment of transparency for the future, and as such will begin voluntarily filing our financial information with pink sheets until such time as the Company can justify the additional monetary burden associated with Sarbanes Oxley compliance and OTCBB listing." Stevens continued, "We have seen two record breaking months of listings in less than 90 days. While system-wide listings totaled $1.76 Million in May, they were dwarfed by July's listings of $3.66 Million, a 100%+ increase. The trend certainly seems to be going in the direction we have worked very hard to bring about. We are already seeing some of our week-old boat listings starting to sell, with a 2004 Carrera 'Party Effect' selling for over $45,000.00 USD alone. Additionally, we have not even begun to discuss RV listings, which beginning to show signs of significant growth. We are pleased with the results for the first 6 months of the year and, given the precipitous increase in business momentum over the past several months, anticipate increasing top and bottom line numbers to close out 2007."
hot Web, inc. announces july listing results for hotboatweb and hotcycleweb business units
company revises total value of system-wide listings upward to $3.6 million for july
Boise, ID ... Aug 9, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced the listing results for the Company's www.HotBoatWeb.com and www.HotCycleWeb.com business units for the recently completed month of July 2007. During the month of July, the Company's HotBoatWeb business unit secured a total of 26 listings with an approximated total Gross Merchandise Value of $910,000.00 USD. The Company's HotCycleWeb business unit secured 10 listings for the month, with an approximated total Gross Merchandise Value of $250,000.00 USD.
The addition of these listings to the $2,500,000.00 USD of listings secured by the www.HotAutoWeb.com business unit, announced Tuesday of this week, has increased the total value of listings for July 2007 within the entire Hot Web system to $3,660,000.00 USD. The aggregate listing value of listings secured in July 2007 establishes a new company record for listings secured in a single month, handedly breaking the old record of $1.76 Million, set back in May of this year, by 107%.
July's notable HotCycleWeb listings included 2 "Orange County" Choppers, a collection of 5 vintage scooters, a 1937 Harley Davidson WLD 32 (Harley-Davidson® is a trademark of Harley-Davidson Corporation (NYSE), a 2005 Custom Chopper and a 2004 "Big Dog" Chopper.
July's notable HotBoatWeb listings included 22 new and used boats from a recently signed internet co-marketing agreement between HotBoatWeb and Boise, Idaho-based Allan Marsh Travel Center (est. in 1976), most by such revered boat manufacturers as Godfrey Marine, Rinker, Polar Kraft, SanPan, Sweetwater, Hurricane and Hyde Drift Boats. Additional listings included a 2007 Nordic "Rage," a 2004 Carrera "Party Effect," a 1997 Advantage "SR21" and a 1978 Eliminator Jet Boat. These listings will be posted on the HotBoatWeb site within the next week.
Brian Hanold, CEO of Hot Web, Inc., commented, "In Tuesday's press release, I had mentioned that the listings from HotBoatWeb and HotCycleWeb would adjust our total system-wide listings upward by 18% to 20%. In reality, the last-minute additions by Allan Marsh Travel Center, a highly respected retailer in the local area, actually increased system-wide listings up by an additional 60%, for a total of 107% over May's listing results. Needless to say, we are thrilled with July's overall performance." Hanold continued, "August is a target month for the rapid expansion of HotBoatWeb and HotRVWeb, as we are in the process of signing similar agreements, both locally and nationwide, with Boat and RV dealers over the coming weeks and months. We look forward to the growth the anticipated surge in Boat and RV listings will bring to Hot Web and its shareholders."
HOT WEB, INC. announces record-breaking listings for hotautoweb business unit during July 2007
Boise, ID ... Aug 7, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced the listing results for the Company's www.HotAutoWeb.com business unit for the recently completed month of July 2007. During the month of July, the Company's flagship business listed a total of 29 vehicles with an approximated total Gross Merchandise Value of $2,500,000.00 USD. The strong July activity establishes a new Company record for total value of listings in a single month, handedly breaking the old record of $1.76 Million, set back in May of this year, by 42%.
July's listings were primarily comprised of Custom Street Rods, Muscle Cars and Classic Cars. The most notable listings, however, came from a private collection of six (6) 2006 Chevrolet Corvette Z06 Coupes, one in each of the original factory colors. All of the highly coveted vehicles in this private collection are in factory and/or dealer "new" condition, with only test miles having been driven.
Brian Hanold, CEO of Hot Web, Inc., commented, "July was another record month in terms of listings for Hot Web, Inc. and we continue to see business momentum on the whole accelerating. It is important to note that the $2.5 Million in announced listings only incorporate listings from the HotAutoWeb unit and not the listings from the www.HotCycleWeb.com unit or the www.HotBoatWeb.com unit, both of which witnessed a significant up tick in listing activity over the past month. We are currently tallying total listings for these units and will release them to shareholders within the next week. All told, we estimate their inclusion will increase our margin of increase over May's performance by an additional 18% to 20%."
The Company also released that web traffic for the HotAutoWeb unit continues to increase. According to Ranking.com, the Company's HotAutoWeb domain (www.hotautoweb.com) is now ranked 40,058 of all websites worldwide. This ranking is a 19% improvement from mid-June when the HotAutoWeb ranking was 49,451. HotAutoWeb's current Ranking.com information can be accessed by visiting: http://scripts.ranking.com/data/details.aspx?theurl=hotautoweb.com.
HOT WEB, INC. announces two new regional representatives
Boise, ID ... Aug 2, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) announced today that company management, recently returned from a successful nationwide trip in July, has added two new Hot Web Regional Representatives to its existing roster that will service selected areas within the Midwest U.S. and the Lake Havasu region of Arizona.
Jon Stimac and Les Breier, the owners of The Hot Rod Shop of Milwaukee, a highly respected Cudahy, Wisconsin-based shop that has specialized in the maintenance, repair and construction of collector cars, street rods and street machines since 1948, is the newest addition to the Company's Regional Representative Program and gives Hot Web a strong and much-needed foothold and physical presence in the Midwest United States.
In addition to inspecting and cataloging all Hot Web vehicle listings within the southern region of Wisconsin, parts of Illinois and Iowa, co-owner, Jon Stimac, will also act as the "Classics" Representative in the "Hot Rod Rich" Resort area of Lake Havasu, Arizona, where he resides during the autumn and winter months.
Hot Web President, Brian Hanold, commented; "We are fortunate and honored to add Jon and Les' experience level to the Hot Web family and look forward to them having a meaningful impact on the growth of Hot Web." He continued, "While this relationship was certainly a highlight of the trip, it is just one of many successes, some of which are highlight worthy in their own right and will be discussed publicly soon. The Company is also seeing positive and measurable results from other initiatives put in place recently that we will discuss with shareholders in the coming days and weeks. We continue to evaluate incoming Regional Representative applications on a daily basis and continue to look for individuals and specialized providers with similar qualifications worldwide to bring into the Hot Web family of Regional Representatives."
HOT WEB, INC. MANAGEMENT 'HITS THE ROAD' TO LIST PRIVATE COLLECTIONS, ATTEND EVENTS AND RECRUIT REGIONAL REPRESENTATIVES
Boise, ID ... July 11, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced that key management will be traveling around the country this week to document and list a private car collection as well as several individual listings, attend high profile automotive events and recruit regional representatives to build out the Company's Regional Representative Program.
On Tuesday July 10th and Wednesday, July 11th, CEO, Brian Hanold will meet up with Regional Representative and Board Member, Ron Fuller, to document and list a "very prestigious" 40-vehicle private automotive collection located in Murrysville, PA.
On Thursday, July 12th, Mr. Hanold will be in Milwaukee, WI to meet with owners and document and list up to 10 individual high-dollar-value vehicle listings, at which point he will meet newly appointed and recently announced Corporate Sales Manager, Steve Snyder, to attend the 35th annual "IOLA Old Car Show and Swap Meet" through Sunday, July 15th in Iola, WI. Hot Web has teamed up with "The Rod Shop" of Cudahy, Wisconsin (established 1948) and Compo Steel Fabrication at the show to host a 12-Car 'Hospitality Tent' and both Mr. Hanold and Mr. Snyder will be networking with collectors, securing new listings and recruiting new regional representatives. Information on the Iola Old Car Show and Swap Meet can be obtained by visiting www.iolaoldcarshow.com.
From Friday, July 13th through Sunday, July 15th, Mr. Fuller will in Columbus, OH at the "GoodGuys PPG Nationals," sponsored by Good Guys and PPG Industries (NYSE) a well known automotive event featuring Hot Rods, Custom Cars, & Classic Cars through 1972, where he will be networking with collectors and enthusiasts in addition to recruiting potential regional representatives. Information on the GoodGuys PPG Nationals can be obtained by visiting www.good-guys.com.
hot web, inc. adds accomplished industry veteran as sales manager of boise, id headquarters
Boise, ID ... July 5, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced that the Company has hired 26-year industry veteran, Mr. Steven Snyder, as the Corporate Sales Manager for Hot Web’s National Headquarters in Boise, Idaho. Mr. Snyder joins Hot Web after spending the past six-years as Arbitration Director for Boise-based Idaho Auto Auction. Furthermore, Mr. Snyder’s automotive passion has been exhibited in prior industry roles including 14 years as a Master Auto & Truck Technician and six years in various auto dealer Service Department Management roles.
Effective immediately, Mr. Snyder will begin the acclamation process and begin managing the Company’s national sales operations on a day-to-day basis, including all sales inquiries (showroom and internet), preparation and management of all vehicle marketing activities (ad production/placement), vehicle inspection, auction placement, inbound listing packages, management of existing and new Hot Web regional representatives , coordination of all office staff, maintaining the quality of the “customer experience” and expanding the local market awareness of the Boise, Idaho Classic Car consignment facility.
Brian Hanold, CEO of Hot Web, Inc., commented, “We have been actively searching for the right individual to run day-to-day sales operations since January and the search has been a long and exhaustive one. Fortunately, we have landed someone of Steve’s integrity and expertise to help lead the Company through its next growth phase.” Hanold continued, “Steve’s most recent position, Arbitration Director, is undeniably one of the most demanding jobs in the automotive industry today. It requires exceptional people and time management skills, a thorough understanding of vehicle mechanics and a discerning eye necessary for body and paint inspections. The toughest part of the job, however, is the heavy-and-ongoing negotiation between Car Dealers over disagreements in vehicle condition. Most folks in this position burn out after only a couple years. Steve has outlasted most in this highly-demanding role. Quite simply, the guy is a machine. It’s this unique and heavily sought-after experience in conjunction with his friendly “can do” demeanor, honesty and auction process knowledge that will make him an invaluable asset to Hot Web moving forward.
Hot Web, Inc. Announces Current vehicle auctions, near-term auction activity outlook and web traffic activity increases
BOISE, ID ... Jun 21, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced that the Company is currently running 30 individual vehicle auctions on eBay Motors(TM), with a roster that includes Award-winning Show Cars, Hot Rods, Classics Boats and Motorcycles and a total posted retail value that exceeds $1,844,919.00 USD. The Company's current auctions can be viewed by visiting the following link: http://motors.search.ebay.com/_W0QQsassZhotautoweb.
Of special note is Hot Web's auction of the previously announced 1959 Chevrolet Impala Sport Coupe "SO BIG," a Detroit Autorama 2006 Top 8 "Ridler Contender," an automobile so special that a "Hot Wheels(TM)" die-cast version of the car is slated to be introduced to the public in 2008 (Hot Wheels a registered trademark of Mattel, Inc.). The auction listing for "SO BIG" is currently posted asking $459,000.00 USD in a 21-Day Fixed Price or Best Offer Format. The "SO BIG" auction can be viewed by visiting the following link: http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=230144751027.
Brian Hanold, CEO of Hot Web, Inc., commented, "eBay Motors has become an effective sales channel for us, as it is for many others in the automotive retail and resale business. While Hot Web's repeat customer base and buyer/seller network grows daily, eBay Motors(TM) outlet give us an opportunity to attract Classic Car, Show Car and Hot Rod enthusiast by highlighting the quality of the listings Hot Web carries."
The Company's management also issued guidance that estimates that over the next several weeks, Hot Web's scheduled auctions on the eBay Motors(TM) should exceed an estimated retail value of $2,500,000.00 USD, including the current listings, as several private collections are scheduled to be listed by the company and 'come to market' in the same time frame.
Lastly, the Company also released details regarding its dramatically improving web traffic in recent months and weeks. According to Ranking.com, the Company's HotAutoWeb domain (www.hotautoweb.com) is ranked 49,451 of all websites worldwide, while the domain is currently ranked 3rd worldwide in the "Classic Car" category, directly behind Hemmings Motor News (www.hemmings.com). HotAutoWeb's current Ranking.com information can be accessed by visiting: http://scripts.ranking.com/data/details.aspx?theurl=hotautoweb.com. Similarly, the Company's Alexa.com ranking (Alexa® Internet is a subsidiary of Amazon.com, Inc.) can be viewed by visiting: http://www.alexa.com/data/details/traffic_details?q=hotautoweb.com&url=hotautoweb.com/.
Hot Web, Inc. Announces Gross Merchandise Sales for May 2007, Reviews Company Successes for the Month
Boise, ID … June 6, 2007 … Hot Web, Inc. (Pink Sheets: HWBI - News) today announced the Company’s Sales results for the recently completed month of May 2007. System-wide un-audited Gross Merchandise Sales for the period totaled $355,500.00 USD, consistent with April’s total of $367,000.00 USD.
Among the vehicles sold, notables included a 2000 Harley-Davidson Motorcycle with Sidecar (Harley-Davidson, Inc. (NYSE: HOG – NEWS), a 1985 Jaguar XJS, a 1968 Pontiac GTO Convertible, a 1948 Chevrolet Aero Sedan, a 1955 Chevrolet Pick-Up, a 1957 Chevrolet Bel-Air, a 1934 Chevrolet Phaeton (Chevrolet® and Pontiac® are registered trademarks of the General motors Corporation (NYSE: GM - News) and a 1956 Ford F-800 Show Truck (Ford® is a trademark of Ford Motor Company (NYSE: F - News).
The Company also reiterated significant milestones that were reached during the recently completed month of May. During the month, the Company’s hard work resulted in record-breaking estimated Gross Merchandise Value of listings introduced into the Hot Web system, exceeding $1.76 Million. Additionally the company announced during the month that, according to Alexa® Internet (a subsidiary of Amazon.com, Inc. NASDAQ: AMZN – NEWS), total Internet traffic to the Company’s HotAutoWeb division (www.hotautoweb.com) over the past financial quarter climbed into the top 100,000 most visited sites on the Internet for the first time in Company history. The highest ranking reached by the site was under 70,000, while the percentage of global Internet users who have visited the HotAutoWeb site has increased a staggering 4,700% over the past 3 months.
Brian Hanold, CEO of Hot Web, Inc., commented, “Business momentum continues to build. May’s sales were encouraging, but the other milestones we reached during the month really has everyone in the company excited for the future. We are particularly excited for June, which historically has been a brisk month for sales in the Company’s history. Additionally our national marketing campaign for the four ultra-high-end show cars listed in May will begin this month and help to expand the Hot Web brand and the Company’s standing and notoriety in the global community of classic car and hot rod enthusiasts.”
Hot web, inc. announces record-breaking listings for may 2007.
Internet traffic rankings for hotautoweb division reaches all-time high
Boise, ID … May 30, 2007 … Hot Web, Inc. (Pink Sheets: HWBI - News) announced today that estimated Gross Merchandise Value (GMV) of the Company's vehicle listings for the month of May 2007 exceeded $1.76 Million, surpassing the company's previously announced, and upwardly revised, listing estimates of $1.7 Million. The strong May activity establishes a new Company record for total listings in a single month, handedly breaking the old record by a wide margin.
Brian Hanold, CEO of Hot Web, Inc., commented, "We are thrilled with the business momentum we have been able to generate over the last several months. Quality always wins over time. Couple our fraud-free, detailed hands-on approach to selling fine vehicles with a historic 70% sales success rate and you have a winning combination that people have to take notice of."
Further validating the Company's recent increase in activity, Hot Web management referenced dramatic increases in total Internet traffic to the Company's HotAutoWeb division (www.hotautoweb.com) over the past financial quarter. According to Alexa® Internet (a subsidiary of Amazon.com, Inc.) the HotAutoWeb site climbed into the top 100,000 most visited sites on the Internet for the first time in Company history. The three-month average traffic rank for HotAutoWeb is now 157,040, while the percentage of global Internet users who have visited the HotAutoWeb site has increased a staggering 4,700% over the past 3 months. In addition, The HotAutoWeb domain currently ranks as the 18,098 most visited Internet destination in the United States.
Hanold continued, "While the dramatic increase in web traffic brings more potential buyers to the table and increases our general brand awareness, we are more excited by the quality of the listings we are seeing from the ultra high-end collectors and owners. In the last month alone we have been selected to market and consign some of the finest automobiles in the world. Indications for early June suggest we will be listing autos from several high-end private collections from the mid-west and the east coast."
Hot Web, Inc. Announces feature listing of three
premiere Big-ticket American Show Cars
Boise, ID … May 23, 2007 … Hot Web, Inc. (Pink Sheets: HWBI - News) announced today the Company has secured the listing to three of America's premier big-ticket show cars worth a combined estimated $800,000.00 USD in retail value. Each of the one-of-a-kind automobiles were designed, fabricated and built by Divers Street Rods, Inc., a custom Street Rod Builder based in the Pacific Northwest that is widely regarded as one of the premiere builders, both in the United States and worldwide.
Hot Web has teamed up with Divers Street Rods, and its respective owners, to market 3 of the most creative street rods in the world today, including a "Top 5 Pic Street Rod d'Elegence" and "Boyd Coddington Pro's Pick" designee 1948 Buick RoadMaster Convertible, nicknamed "LOWLA", a "Top 5 Pic America's Most Beautiful Street Rod" and "Street Rodder Top Ten" recipient 1937 Ford Minotti Roadster nicknamed "Bad In Black" and a "Top 5 Pick Most Beautiful Street Rod" honoree 1940 Pontiac nicknamed "1-Wicked-1."
To view the current photos and feature ads for these magnificent automobiles through the Company's HotAutoWeb division, please visit the following links:
"LOWLA " --- www.hotautoweb.com/48buickrm.html
"Bad In Black" -- www.hotautoweb.com/37fordmin.html
"1-Wicked-1" -- www.hotautoweb.com/40pontw.html
Buick® and Pontiac® are registered trademarks of the General Motors Corporation. Ford® is a trademark of Ford Motor Company.
Brian Hanold, CEO of Hot Web, Inc., commented, "Divers Street Rods, a prominent force in the world of today's best Street Rods, was recently noted as Seattle Roadster Show 2006 'Custom Builder of the Year' and has been chosen by many of the top Street Rodders in the country for quality, creative design and fabrication." He continued, "Their uncanny ability to deliver on their mantras of 'Think out of the box,' 'Dare to be different' and 'If you're not living on the edge, you're taking up too much room' has made them a leader of the Street Rodding community. We are both excited and honored to have been selected by Divers Street Rods to market these fine automobiles."
The Company noted that, while more listings will be announced shortly, the successful listing of these automobiles brings the Gross Merchandise Value of the Hot Web's total listings for the three weeks of May 2007 to over $1.5 Million.
Hot Web, Inc. Announces Exclusive Feature Listing of Premiere
American Show Car
Boise, ID … May 16, 2007 … Hot Web, Inc. (Pink Sheets: HWBI - News) announced today the Company has secured the exclusive listing to one of America’s premier show cars, a prestigious 2006 Detroit AutoRama “Great Eight” Ridler Contender. Aptly named “So Big”, a spectacular 1959 Chevrolet Impala owned by Bob & Barb Delia of Libertyville, Illinois. This vehicle is expected to carry a retail market value of approximately $500,000.00 US Dollars.
Automotive specimens such as this represent the “Top Show Cars in the World” where the award emphasizes “Creativity, Engineering and Workmanship”. Most of these exquisite automobiles are built in a cloud of secrecy in order to preserve individuality and adhere to award qualifications.
The rules are simple and carry a “No Exceptions” policy whereas the vehicle must make it’s first public showing at the Detroit AutoRama with No articles, video footage or stories with photos of the vehicle in it’s finished form prior to the event and the vehicle must prove minimal operability. It must start, stop, move forward and reverse, turn left and right before placed on the floor for display.
In order to be introduced into the “Circle of Champions”, from inception to completion, the owner builder must maintain a creative vision, superior craftsmanship and an unwavering financial commitment. In this case, Bob & Barb Delia’s vision was to create a Chevrolet “BowTie” with a special Tribute to Automotive History, One that represents the Fabulous 50’s, a time when Fins and Chrome were “So Big”.
Of additional note is that prior to the Delia’s amazing restoration/modernization, this vehicle was purchased from the private collection of Screen Actor and celebrity, Nicolas Cage. History takes it to Australia where Cage had it restored and finished in lime green with black interior.
To view the current photos and feature ad in progress by our HotAutoWeb Division, visit the following link: www.HotAutoWeb.com/59imp06top8.html
Brian Hanold, CEO of Hot Web, Inc., commented, “We are excited to represent such an exceptional vehicle and take pride in our ability to represent the “Best of the Best”. While we have always featured the “Cream of the Crop”, our reputation and ability to provide a safe and controlled environment for both the buyer and seller is expanding awareness and notoriety among a much larger audience than ever in the Company’s history.” He continued, “We have just completed a trip visiting a world renowned builder in the Pacific Northwest and will be featuring other top Award-Winning Show Cars, including a Top 5 Street Rod “D'Elegance”, a Top 5 “Most Beautiful” Street Rod and other national award winners. Look for details in future press releases…”
Hot Web, Inc. dramatically increases listing guidance for may
New Projections to Exceed Previously Announced Estimates by 70%
Estimated Value of Listings for the First Week of May Alone Exceeds the Total Listing Value of April by 29%
Boise, ID ... May 9, 2007 ... Hot Web, Inc. (Pink Sheets:HWBI - News) announced today that the Company, on the heels of a extremely successful campaign throughout the mid-west United States over the past week, is increasing its upper-range guidance for the projected value of system-wide listings for the month of May 70% to $1.7 Million from its previously projected estimate of $1 Million for the month.
The Company's HotAutoWeb (www.hotautoweb.com) division experienced a heightened level of listing activity than usual on the completed trip, securing total vehicle listings with an approximate retail listing value of $720,000.00 for the first week of May, alone. Among the vehicles secured during the successful mid-west campaign was a one-of-a-kind 2006 Detroit Autorama Top-8 'Ridler Contender', widely regarded to be one of the finest show cars in the world. Hot Web has announced that it will release specific details about the 'Ridler Contender' listing in the upcoming week and provide links and photographs for Hot Web shareholders to view.
Also contributing to the increased listing guidance is a series of appointments in Seattle, Washington scheduled for this week in which it is estimated the Company will secure listings with an estimated value of up to $780,000.00. Several of Seattle-based cars being considered are national award winning show cars. Additionally, the company is witnessing increased listing inquiries in the area around the Company's headquarters in Boise, Idaho that could result in up to $200,000 in estimated listing value over the coming weeks.
Brian Hanold, CEO of Hot Web, Inc., commented, " We continue to make great strides forward as listings continue to roll in, both locally and Nationwide. Word-of-mouth praise continues to spread about our 'refreshing, hands-on and fraud free' way of buying and selling highly-coveted classics and award winning show cars. Our recent advertising activities are also bearing fruit, driving new customers who want to experience the Hot Web difference." He continued, "While we are excited about listing growth in our cornerstone business (classic cars, show cars and hot rods) we are perhaps even more excited at the recent marked increased in interest for listings services through our recently launched www.HotBoatWeb.com, www.HotPlaneWeb.com and www.HotCycleWeb.com sites."
Hot Web, Inc. dramatically increases listing guidance for may
New Projections to Exceed Previously Announced Estimates by 70%
Estimated Value of Listings for the First Week of May Alone Exceeds the Total Listing Value of April by 29%
Boise, ID ... May 9, 2007 ... Hot Web, Inc. (Pink Sheets:HWBI - News) announced today that the Company, on the heels of a extremely successful campaign throughout the mid-west United States over the past week, is increasing its upper-range guidance for the projected value of system-wide listings for the month of May 70% to $1.7 Million from its previously projected estimate of $1 Million for the month.
The Company's HotAutoWeb (www.hotautoweb.com) division experienced a heightened level of listing activity than usual on the completed trip, securing total vehicle listings with an approximate retail listing value of $720,000.00 for the first week of May, alone. Among the vehicles secured during the successful mid-west campaign was a one-of-a-kind 2006 Detroit Autorama Top-8 'Ridler Contender', widely regarded to be one of the finest show cars in the world. Hot Web has announced that it will release specific details about the 'Ridler Contender' listing in the upcoming week and provide links and photographs for Hot Web shareholders to view.
Also contributing to the increased listing guidance is a series of appointments in Seattle, Washington scheduled for this week in which it is estimated the Company will secure listings with an estimated value of up to $780,000.00. Several of Seattle-based cars being considered are national award winning show cars. Additionally, the company is witnessing increased listing inquiries in the area around the Company's headquarters in Boise, Idaho that could result in up to $200,000 in estimated listing value over the coming weeks.
Brian Hanold, CEO of Hot Web, Inc., commented, " We continue to make great strides forward as listings continue to roll in, both locally and Nationwide. Word-of-mouth praise continues to spreads about our 'refreshing, hands-on and fraud free' way of buying and selling highly-coveted classics and award winning show cars. Our recent advertising activities are also bearing fruit, driving new customers who want to experience the Hot Web difference." He continued, "While we are excited about listing growth in our cornerstone business (classic cars, show cars and hot rods) we are perhaps even more excited at the recent marked increased in interest for listings services through our recently launched www.HotBoatWeb.com, www.HotPlaneWeb.com and www.HotCycleWeb.com sites."
Hot Web, Inc. Announces Gross Merchandise Sales for April 2007
Gross Merchandise Sales surge 82% over prior month
Boise, ID ... May 3, 2007 ... Hot Web, Inc. (Pink Sheets: HWBI - News) today announced the Company’s Sales results for the recently completed month of April 2007. System-wide un-audited Gross Merchandise Sales for the period grew an astonishing 82% over the prior month, to $367,000.00 USD in April from $201,000.00 USD in March.
Among the vehicles sold, notables included a 1992 Chevrolet Camaro Z28, a 1941 Chevrolet Sedan Delivery, a 2001 Chevrolet Corvette, a 1955 Chevrolet Bel-Air, 1959 Chevrolet Apache 1⁄2 ton (Chevrolet® and Chevy® are registered trademarks of the General motors Corporation (NYSE: GM - News), a 1948 Ford Mild Custom and a a 1938 Ford “Tormentor” Show Car (Ford® is a trademark of Ford Motor Company (NYSE: F - News).
Brian Hanold, CEO of Hot Web commented, “Aprils sales were fantastic and, if listing activity is any indicator, May and June have the potential to break Company sales records. Our increased attendance at events such as the recent Del Mar Nationals coupled with a greater online and offline advertising is creating a lot of new customers, both buyers and sellers, is rapidly driving listing and sales growth from month to month. As an adjunct, the number of applications for Certified Regional Representative designations are also increasing” He continued, “The great thing about our “hands-on”, fraud free way of doing business is that most customers fall in love with the Hot Web buying/selling experience and become life-long repeat customers. We are truly excited with what the coming months hold for Hot Web”.
Hot Web, Inc. Sees Spike in International Sales & Customers and
Extends Regional Representative Program Overseas
