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[QUOTE]Originally posted by J_U_ICE: [QB] HWBI .0090 Hot Web, Inc. Signs Global Capital and Underwriting Agreement to Facilitate Launch of Finance and Insurance Business Units Thursday, November 09 2006 8:48 AM, EST BOISE, Idaho --(BUSINESS WIRE)-- Hot Web, Inc. (Pink Sheets:HWBI) announced today that it has finalized a landmark agreement with international private equity and investment management firm, Cambria-Pacific Partners , whereby Cambia-Pacific will provide Hot Web with the ongoing capital reserves and underwriting capabilities necessary for the Company to launch its new Finance and Insurance strategic Internet business units in early 2007. The agreement, signed earlier in the week, will enable the Company's highly-anticipated Internet Insurance and Finance businesses, dubbed 'HotInsuranceWeb(TM)' and 'HotLoanWeb(TM)', respectively, the ability to operate as stand-alone business units as opposed to having each property be inextricably linked to Hot Web's other network properties. "Originally, we planned to offer limited financing and insurance services for customers purchasing vehicles through the Hot Web network," commented Brian Hanold, CEO of Hot Web, Inc. "Now, we have the capability to write a full spectrum of insurance coverage as well as the ability to provide financing for everything from airplanes to residential homes. This agreement has fundamentally shifted the business model for both web properties." 'HotLoanWeb(TM)' and 'HotInsuranceWeb(TM)', currently in development, are being designed to provide comprehensive offerings within each sites' vertical market. Both will offer consumers a range of proprietary Hot Web insurance and/or loan products, backed by Cambria-Pacific Partners , and each entity will provide all consumers with a competitive & secure online application process. Brian Hanold continued, "The capital, processing and underwriting experience that Cambria-Pacific is bringing to the table will allow both sites to evolve from niche market providers to single 'touch point' service providers." He concluded, "Aside from creating two new profit centers for the company, the benefit within the Hot Web network is that we will now be able to use our new underwriting and loan capabilities to generate more sales, enhance user satisfaction and create a fraud free buying and selling environment for our network of customers." About Hot Web, Inc. Hot Web, Inc. operates a portfolio of diversified online businesses focusing on services related to the sale of "big ticket" transportation-related items. 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 more protected way to conduct online/offline commerce. The Company's Hot Auto Web subsidiary is engaged in the business of direct-to-consumer sales and auctions of highly coveted collectable vehicles. While Hot Auto Web currently sells other forms of conveyance, such as RVs, Aircraft, Motorcycles and Boats, the company will be building vehicle-specific web sites to facilitate listings and sales in the same manner as its Hot Auto Web property. About Cambria-Pacific Partners Cambria-Pacific Partners is comprised of companies providing Corporate Advisory, Strategic Consulting and Private Equity and Investment Management Services. We advise private and public companies and institutional investors on corporate development, strategic planning, international development and capital formation strategies. For further information about the company, please visit the Company's website at: http://www.cambriapacific.com 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, please visit the Company's website at: http://www.hotwebinc.com Source: Hot Web, Inc. [/QB][/QUOTE]
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