BOISE, Idaho, Dec. 3, 2008 (GLOBE NEWSWIRE) -- Hot Web, Inc. (Pink Sheets:HWBI) announced today that the Company has entered into a relationship with WEB312, Inc. ("WEB312") to transform Hot Web and its properties (www.hotautoweb.com, www.hotplaneweb.com, www.hotboatweb.com, www.hotcycleweb.com, www.hotrvweb.com) into an online media portal that will also serve as a social networking platform for the items it represents (autos, boats, RVs, planes, art, real estate, etc.). The Company's focus is to develop online media spaces that attack niche audiences and demographic segments across all the industries represented in its classified listings.
Josh Singer, CEO of WEB312, stated, "By leveraging its solid reputation and loyal, established audience, Hot Web is poised for success as a pure play online media portal. The online advertising market continues to grow and the opportunities it presents for media companies who can attract and retain an audience are ample. With a clear advantage in attracting an audience in place, a well developed Hotautoweb.com site with rich content offerings and well-designed user frameworks and functionalities in place will ascend the Classic Auto media space. This will provide substantial opportunity for revenues and, more importantly, serve as a model and springboard for the ideation and development of future online media portals."
About WEB312, Inc.
WEB312 is a cutting-edge website development company that focuses on the development and marketing of e-commerce and social networking sites. The Company has recently completed www.teachersrecess.com, a social networking site for teachers and www.sportsjungle.com, a sports oriented social networking platform.
WEB312 is based out of Chicago and has been written up in numerous publications.
About Hot Web, Inc.
Hot Web, Inc. is engaged in the business of consigning "big ticket" transportation related items through its diversified presences, both online and offline. The Company's mission is to "change the way the world buys and/or bids online" by harnessing the power of the Internet and coupling it with human interaction and expertise to create a safe, productive, comfortable and "Fraud Free" way to conduct online/offline commerce. The company utilizes both its internal certified regional representative base in addition to online third-party marketing tools like eBay Motors and others to attract and market vehicle listings.
The Company's current portfolio of niche-focused online businesses consists of www.hotautoweb.com, www.hotboatweb.com, www.hotcycleweb.com, www.hotrvweb.com and www.hotplaneweb.com. The company is also currently developing other Hot Web branded online business units to complement its current roster.
The Hot Web, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4946
Safe Harbor
This press release contains 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.