SOURCE: Hot Web, Inc.

September 25, 2007 09:08 ET

Hot Web, Inc. Releases Current Auction Information

BOISE, ID--(Marketwire - September 25, 2007) - Hot Web, Inc. (PINKSHEETS: HWBI) today released information about recently initiated auctions that the Company's HotAutoWeb business unit is running through eBay Motors™. Currently, the HotAutoWeb unit has twenty-one 7-day vehicle auctions in place through eBay Motors™ 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."

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.

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