SOURCE: Hot Web, Inc

September 04, 2007 09:26 ET

Hot Web, Inc. Recaps August 27th Open Conference Call

BOISE, ID--(Marketwire - September 4, 2007) - Hot Web, Inc. (PINKSHEETS: HWBI) 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

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 a combination of its category-specific proprietary online properties, an established and growing base of repeat customers, a network of certified regional representatives and online third-party marketing tools like eBay Motors (NYSE), Yahoo! Motors (NasdaqGS), MSN Motors (NasdaqGS), AOL Autos (NYSE) and others to attract and market vehicle listings.

The Company's current portfolio of catagory-specific 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.

Contact Information

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

    Or Contact Investor Relations:

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