SOURCE: Hot Web, Inc.

June 06, 2007 09:40 ET

Hot Web, Inc. Announces Gross Merchandise Sales for May 2007, Reviews Company Successes for the Month

BOISE, ID--(Marketwire - June 6, 2007) - Hot Web, Inc. (PINKSHEETS: HWBI) today announced the Company's Sales results for the recently completed month of May 2007. System-wide unaudited 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) 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) and a 1956 Ford F-800 Show Truck (Ford® is a trademark of Ford Motor Company).

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) 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."

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 NYSE) 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.

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.

FOR FURTHER INFORMATION, investors are asked to visit the Company's website at www.hotwebinc.com.

Contact Information

  • Contact Investor Relations:

    Matthew Lovito
    Brass Bulls Corp.
    1-866-342-2700