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Hot Web, Inc. Announces Current Vehicle Auctions, Near-Term Auction Activity Outlook and Web Traffic Activity Increases
Last Update: 9:09 AM ET Jun 21, 2007
BOISE, ID, Jun 21, 2007 (MARKET WIRE via COMTEX) -- Hot Web, Inc. (PINKSHEETS: HWBI) today announced that the Company is currently running 30 individual vehicle auctions on eBay Motors(TM), with a roster that includes Award-winning Show Cars, Hot Rods, Classics Boats and Motorcycles and a total posted retail value that exceeds $1,844,919.00 USD. The Company's current auctions can be viewed by visiting the following link: http://motors.search.ebay.com/_W0QQsassZhotautoweb. Of special note is Hot Web's auction of the previously announced 1959 Chevrolet Impala Sport Coupe "SO BIG," a Detroit Autorama 2006 Top 8 "Ridler Contender," an automobile so special that a "Hot Wheels(TM)" die-cast version of the car is slated to be introduced to the public in 2008 (Hot Wheels a registered trademark of Mattel, Inc.). The auction listing for "SO BIG" is currently posted asking $459,000.00 USD in a 21-Day Fixed Price or Best Offer Format. The "SO BIG" auction can be viewed by visiting the following link: http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=230144751027. Brian Hanold, CEO of Hot Web, Inc., commented, "eBay Motors has become an effective sales channel for us, as it is for many others in the automotive retail and resale business. While Hot Web's repeat customer base and buyer/seller network grows daily, eBay Motors(TM) outlet give us an opportunity to attract Classic Car, Show Car and Hot Rod enthusiast by highlighting the quality of the listings Hot Web carries." The Company's management also issued guidance that estimates that over the next several weeks, Hot Web's scheduled auctions on the eBay Motors(TM) should exceed an estimated retail value of $2,500,000.00 USD, including the current listings, as several private collections are scheduled to be listed by the company and 'come to market' in the same time frame. Lastly, the Company also released details regarding its dramatically improving web traffic in recent months and weeks. According to Ranking.com, the Company's HotAutoWeb domain ( www.hotautoweb.com) is ranked 49,451 of all websites worldwide, while the domain is currently ranked 3rd worldwide in the "Classic Car" category, directly behind Hemmings Motor News ( www.hemmings.com). HotAutoWeb's current Ranking.com information can be accessed by visiting: http://scripts.ranking.com/data/details.aspx?theurl=hotautoweb.com. Similarly, the Company's Alexa.com ranking (Alexa(R) Internet is a subsidiary of Amazon.com, Inc.) can be viewed by visiting: http://www.alexa.com/data/details/traffic_details?q=hotautoweb.com&url=hotautowe b.com/. 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.
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Hot Web, Inc. (HWBI.PK) UPDATE - GOOD DAY. Will it Continue?
Since our last update, last Wednesday, shares of HWBI have flirted with its recent US$.005 lows only once - early on during yesterday's trading session when it hit US$.0055 - at which point the stock rallied handedly to close up 23% from its opening price of US$.0065 on higher than average volume. In fact, the stock closed at its high for the day of US$.008, a price we have not seen in exactly one week (to the day), and coincidentally the price of our initial alert on Hot Web, Inc shares.
So what does it all mean?
In and of itself, nothing. Just another day's trading in which buyers battle sellers like in any other stock, penny or otherwise. The volume that materialized late in Monday's trading session and the resulting price action in the stock could mean something, however. Most professional Wall Street traders recognize that technical price action must be supported by volume in order to mean something. Price movements in small, mid and large cap stocks that is supported by higher than average volume typically suggests institutional involvement, which (generally speaking of course) is viewed as "smart money".
While we make no assertion that institutional players are coming into shares of Hot Web - the fact being that is highly unlikely if for no other reason that HWBI is a penny stock (sub-penny if you want split hairs). That being said, Volume - even in penny stocks - still means something. Volume validates price direction.
Clearly, someone is watching and heeding the old Wall Street adage that we issued in last week's alert (specific to Hot Web, of course): "If you liked it at US$.008, you gotta love it at US$.0055...a $1.1 Million market cap." The above average volume of 1,214,000 shares (still only US$7,800 worth of stock) is more indicative of sentiment than several trading sessions over the past week in which the stock flirted with recent lows and traded only several hundred dollars worth of stock.
The Company did release news on Thursday of last week that officially ended a week long information drought. Oh yeah...and it was GOOOOD news. The Company updated internet rankings from another metric provider of such data, Ranking.com. Additionally, and more importantly, the Company released that it has more than US$1.8 Million in current auctions through eBay Motors and hinted that they could reach US$2.5 Million within weeks.
Are we the only ones that see that something is wrong here? The amount of current and active vehicle auctions through the Hot Web system is US$1.8 Million, which the company believes will go up to US$2.5 Million shortly. The TOTAL market cap of HWBI shares (based on Monday's closing price of US$.008) is approximately US$1.8 Million!
Keep the faith. my friends. We have done our homework and hopefully you have too. Be patient, accumulate on weakness and wait for what we believe is the inevitable...the street recognizing the value of this undiscovered gem.
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Hot Web, Inc. (HWBI.PK) UPDATE - The Week Past. The Week Ahead
The last 5 trading sessions have witnessed more "all over the place" trading in shares of HWBI. Like the broader markets, Hot Web shares have been range bound for some time, and in Hot Web's case, vacillating in its recent discounted trading range. While the stock has not tested recent near-term highs of $.0013 in several weeks, positive aspects (volume acceleration) are becoming more consistently more evident, particularly over the past week.
Including yesterday's trading session, we have seen daily share volume increase in Hot Web with HWBI shares having traded in excess of 1 million shares in three of the past six trading sessions (almost four, if you look at Wednesday's activity of roughly 900k shares traded). While the price action has not exactly given our subscribers reason to rejoice (based on yesterday's close we are off 25% from our initial pick price of US$.008) we have seen the stock bounce handedly off the US$.005 to US$.0055 levels on higher than average volume in almost every instance.
For those of you with Level II access (something we recommend for all traders of micro-cap / penny stocks) you will notice that bids have been stacked in the US$.005 to US$.0055 level in seemingly unmovable fashion, even in the face of semi-sizable blocks of 500k shares or more. As a point of reference, US$.0055 represents a US$1.25 Million market cap for Hot Web, Inc. A bottom? We think so.
To paraphrase a portion of last week's update, volume is a confirming indicator that validates price action. Price action without volume means little. Price action supported by significant volume definitely means something. Particularly in the case of micro-caps and penny stocks where news releases play such a prominent role in the trading of these stocks, HWBI managed to increase its share volume in a week that witnessed no news released by the company
So what's next? We don't know anymore than you do, but what we do know is that this holiday shortened week will most likely not reveal any earth shattering developments from the Company. As we have maintained from the very beginning, this is a longer-term trade / investment that will take time to yield results. Some of you that got in at our initial alert price of US$.008 and watched the stock almost immediately trade up to the US$.013 level (a 62% increase) are probably upset you didn't take the gain and move on, but we maintain that there is much more meat on the bone here. We reiterate our fair value estimate of US$.021, a 350% gain from the existing price.
Keep the faith. my friends. We have done our homework and hopefully you have too. Be patient, accumulate on weakness and wait for what we believe is the inevitable...the street recognizing the value of this undiscovered gem.
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Hot Web, Inc. Adds Accomplished Industry Veteran as Sales Manager of Boise, Idaho Headquarters
Last Update: 8:38 AM ET Jul 5, 2007
BOISE, ID, Jul 05, 2007 (MARKET WIRE via COMTEX) -- Hot Web, Inc. (PINKSHEETS: HWBI) today announced that the Company has hired 26-year industry veteran, Mr. Steven Snyder, as the Corporate Sales Manager for Hot Web's National Headquarters in Boise, Idaho. Mr. Snyder joins Hot Web after spending the past six-years as Arbitration Director for Boise-based Idaho Auto Auction. Furthermore, Mr. Snyder's automotive passion has been exhibited in prior industry roles including 14 years as a Master Auto & Truck Technician and six years in various auto dealer Service Department Management roles. Effective immediately, Mr. Snyder will begin the acclamation process and begin managing the Company's national sales operations on a day-to-day basis, including all sales inquiries (showroom and internet), preparation and management of all vehicle marketing activities (ad production/placement), vehicle inspection, auction placement, inbound listing packages, management of existing and new Hot Web regional representatives , coordination of all office staff, maintaining the quality of the "customer experience" and expanding the local market awareness of the Boise, Idaho Classic Car consignment facility. Brian Hanold, CEO of Hot Web, Inc., commented, "We have been actively searching for the right individual to run day-to-day sales operations since January and the search has been a long and exhaustive one. Fortunately, we have landed someone of Steve's integrity and expertise to help lead the Company through its next growth phase." Hanold continued, "Steve's most recent position, Arbitration Director, is undeniably one of the most demanding jobs in the automotive industry today. It requires exceptional people and time management skills, a thorough understanding of vehicle mechanics and a discerning eye necessary for body and paint inspections. The toughest part of the job, however, is the heavy and ongoing negotiation between Car Dealers over disagreements in vehicle condition. Most folks in this position burn out after only a couple years. Steve has outlasted most in this highly demanding role. Quite simply, the guy is a machine. It's this unique and heavily sought-after experience in conjunction with his friendly 'can do' demeanor, honesty and auction process knowledge that will make him an invaluable asset to Hot Web moving forward." 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.
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Hot Web, Inc. Management 'Hits the Road' to List Private Collections, Attend Events and Recruit Regional Representatives
Last Update: 9:10 ET Jul 11, 2007
BOISE, ID, Jul 11, 2007 (MARKET WIRE via COMTEX) -- Hot Web, Inc. (PINKSHEETS: HWBI) today announced that key management will be traveling around the country this week to document and list a private car collection as well as several individual listings, attend high profile automotive events and recruit regional representatives to build out the Company's Regional Representative Program. On Tuesday July 10th and Wednesday, July 11th, CEO, Brian Hanold will meet up with Regional Representative and Board Member, Ron Fuller, to document and list a "very prestigious" 40-vehicle private automotive collection located in Murrysville, PA. On Thursday, July 12th, Mr. Hanold will be in Milwaukee, WI to meet with owners and document and list up to 10 individual high-dollar-value vehicle listings, at which point he will meet newly appointed and recently announced Corporate Sales Manager, Steve Snyder, to attend the 35th annual "IOLA Old Car Show and Swap Meet" through Sunday, July 15th in Iola, WI. Hot Web has teamed up with "The Rod Shop" of Cudahy, Wisconsin (established 1948) and Compo Steel Fabrication at the show to host a 12-Car 'Hospitality Tent' and both Mr. Hanold and Mr. Snyder will be networking with collectors, securing new listings and recruiting new regional representatives. Information on the Iola Old Car Show and Swap Meet can be obtained by visiting www.iolaoldcarshow.com. From Friday, July 13th through Sunday, July 15th, Mr. Fuller will in Columbus, OH at the "GoodGuys PPG Nationals," sponsored by Good Guys and PPG Industries (NYSE) a well known automotive event featuring Hot Rods, Custom Cars, & Classic Cars through 1972, where he will be networking with collectors and enthusiasts in addition to recruiting potential regional representatives. Information on the GoodGuys PPG Nationals can be obtained by visiting www.good-guys.com. 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.
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They keep coming with news and getting a lot of attention b/c of their success rate of selling their listing..... This is big news imo....
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Our last update on Hot Web was two weeks ago, prior to the open of trading on July 10th. Admittedly, we dropped the ball by not covering the positive news announced by the company on Wednesday the 11th - and it was positive, indeed. In the press release, Hot Web management highlighted a very busy week in which members of the team (still small in numbers even by small company standards) were traveling to different locations across the united states list several highly-coveted private auto collections and attend two high-profile industry events.
The intent of the release, besides the obvious intent of communicating with shareholders, was undoubtedly to draw attention to the heightened pace of business activity within the Hot Web universe.
It worked. The stock traded as high as US$.009 during Wednesday's trading session on higher than average volume of 1.4 Million shares. Not to temper enthusiasm, but on a relative basis 1.4 Million shares (even at the US$.009 high of the day) represents an anemic US$12,600 in dollar volume. We are not here to detract from better-than-average performance, but part of our job is to put things in perspective.
Let's face it, this stock has been plagued by a lack of volume, which has only exacerbated HWBI's short term volatility. We all know this. What we are (and have been) waiting for since our initial Accumulate Alert is more people to notice this undervalued situation. This increased attention would boost trading volumes, and with it, undoubtedly the stock price.
Shorter memories may forget, but we have seen even limited volume increases translate into higher prices. After our initial Alert, HWBI traded as high as US$.013, a +62% return from our pick price. Unfortunately, since then, the stock has has vacillated in a trading range that, in recent days, has extend lower as opposed to higher, with a recent new-low in yesterday's trading session of US$.0045, a -43% loss from our pick price. OUCH!
Keep in mind at US$.0045, HWBI shares carry a US$1 MILLION MARKET CAP. That's right, the WHOLE company, with all the releases we have seen recently months, is selling for roughly US $1 Million!!!!
As you might imagine, at this point we feel kind of like we are taking crazy pills, but we have to look past this emotion and concentrate on our catalyst. A long term trade that, on a comparable level, is trading at a fraction (in valuation terms) against its publicly traded peers.
We still love the trade, are watching it closely and we reiterate our fair value estimate of US$.021, a 366% gain from the current price.
Keep the faith. my friends. We have done our homework and hopefully you have too. Be patient, accumulate on weakness (this price certainly suffices) and wait for what we believe is the inevitable...the street recognizing the value of this undiscovered gem.
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I still believe this one will move once investors see the real value in this company.... There's a real business moving big ticket items that bring real revs.... This isn't a start-up. We will see soon enough........
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Hot Web, Inc. Announces Two New Regional Representatives
BOISE, ID, Aug 02, 2007 (MARKET WIRE via COMTEX) -- Hot Web, Inc. (PINKSHEETS: HWBI) announced today that company management, recently returned from a successful nationwide trip in July, has added two new Hot Web Regional Representatives to its existing roster that will service selected areas within the Midwest U.S. and the Lake Havasu region of Arizona. Jon Stimac and Les Breier, the owners of The Hot Rod Shop of Milwaukee, a highly respected Cudahy, Wisconsin-based shop that has specialized in the maintenance, repair and construction of collector cars, street rods and street machines since 1948, is the newest addition to the Company's Regional Representative Program and gives Hot Web a strong and much-needed foothold and physical presence in the Midwest United States.
In addition to inspecting and cataloging all Hot Web vehicle listings within the southern region of Wisconsin, parts of Illinois and Iowa, co-owner, Jon Stimac, will also act as the "Classics" Representative in the "Hot Rod Rich" Resort area of Lake Havasu, Arizona, where he resides during the autumn and winter months.
Hot Web President, Brian Hanold, commented; "We are fortunate and honored to add Jon and Les' experience level to the Hot Web family and look forward to them having a meaningful impact on the growth of Hot Web." He continued, "While this relationship was certainly a highlight of the trip, it is just one of many successes, some of which are highlight worthy in their own right and will be discussed publicly soon. The Company is also seeing positive and measurable results from other initiatives put in place recently that we will discuss with shareholders in the coming days and weeks. We continue to evaluate incoming Regional Representative applications on a daily basis and continue to look for individuals and specialized providers with similar qualifications worldwide to bring into the Hot Web family of Regional Representatives."
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.
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Hot Web, Inc. Announces Record-Breaking Listings for HotAutoWeb Business Unit During July 2007
BOISE, ID, Aug 07, 2007 (MARKET WIRE via COMTEX) -- Hot Web, Inc. (PINKSHEETS: HWBI) today announced the listing results for the Company's www.HotAutoWeb.com business unit for the recently completed month of July 2007. During the month of July, the Company's flagship business listed a total of 29 vehicles with an approximated total Gross Merchandise Value of $2,500,000.00 USD. The strong July activity establishes a new Company record for total value of listings in a single month, handedly breaking the old record of $1.76 Million, set back in May of this year, by 42%. July's listings were primarily comprised of Custom Street Rods, Muscle Cars and Classic Cars. The most notable listings, however, came from a private collection of six (6) 2006 Chevrolet Corvette Z06 Coupes, one in each of the original factory colors. All of the highly coveted vehicles in this private collection are in factory and/or dealer "new" condition, with only test miles having been driven.
Brian Hanold, CEO of Hot Web, Inc., commented, "July was another record month in terms of listings for Hot Web, Inc. and we continue to see business momentum on the whole accelerating. It is important to note that the $2.5 Million in announced listings only incorporate listings from the HotAutoWeb unit and not the listings from the www.HotCycleWeb.com unit or the www.HotBoatWeb.com unit, both of which witnessed a significant up tick in listing activity over the past month. We are currently tallying total listings for these units and will release them to shareholders within the next week. All told, we estimate their inclusion will increase our margin of increase over May's performance by an additional 18% to 20%."
The Company also released that web traffic for the HotAutoWeb unit continues to increase. According to Ranking.com, the Company's HotAutoWeb domain (www.hotautoweb.com) is now ranked 40,058 of all websites worldwide. This ranking is a 19% improvement from mid-June when the HotAutoWeb ranking was 49,451. HotAutoWeb's current Ranking.com information can be accessed by visiting: http://scripts.ranking.com/data/details.aspx?theurl=hotautoweb.com.
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.
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Hot Web, Inc. Announces July Listing Results for HotBoatWeb and HotCycleWeb Business Units
Company Revises Total Value of System-Wide Listings Upward to $3.6 Million for July 2007
BOISE, ID, Aug 09, 2007 (MARKET WIRE via COMTEX) -- Hot Web, Inc. (PINKSHEETS: HWBI) today announced the listing results for the Company's www.HotBoatWeb.com and www.HotCycleWeb.com business units for the recently completed month of July 2007. During the month of July, the Company's HotBoatWeb business unit secured a total of 26 listings with an approximated total Gross Merchandise Value of $910,000.00 USD. The Company's HotCycleWeb business unit secured 10 listings for the month, with an approximated total Gross Merchandise Value of $250,000.00 USD. The addition of these listings to the $2,500,000.00 USD of listings secured by the www.HotAutoWeb.com business unit, announced Tuesday of this week, has increased the total value of listings for July 2007 within the entire Hot Web system to $3,660,000.00 USD. The aggregate listing value of listings secured in July 2007 establishes a new company record for listings secured in a single month, handedly breaking the old record of $1.76 Million, set back in May of this year, by 107%.
July's notable HotCycleWeb listings included 2 "Orange County" Choppers, a collection of 5 vintage scooters, a 1937 Harley Davidson WLD 32 (Harley-Davidson(R) is a trademark of Harley-Davidson Corporation (NYSE), a 2005 Custom Chopper and a 2004 "Big Dog" Chopper.
July's notable HotBoatWeb listings included 22 new and used boats from a recently signed internet co-marketing agreement between HotBoatWeb and Boise, Idaho-based Allan Marsh Travel Center (est. in 1976), most by such revered boat manufacturers as Godfrey Marine, Rinker, Polar Kraft, SanPan, Sweetwater, Hurricane and Hyde Drift Boats. Additional listings included a 2007 Nordic "Rage," a 2004 Carrera "Party Effect," a 1997 Advantage "SR21" and a 1978 Eliminator Jet Boat. These listings will be posted on the HotBoatWeb site within the next week.
Brian Hanold, CEO of Hot Web, Inc., commented, "In Tuesday's press release, I had mentioned that the listings from HotBoatWeb and HotCycleWeb would adjust our total system-wide listings upward by 18% to 20%. In reality, the last-minute additions by Allan Marsh Travel Center, a highly respected retailer in the local area, actually increased system-wide listings up by an additional 60%, for a total of 107% over May's listing results. Needless to say, we are thrilled with July's overall performance." Hanold continued, "August is a target month for the rapid expansion of HotBoatWeb and HotRVWeb, as we are in the process of signing similar agreements, both locally and nationwide, with Boat and RV dealers over the coming weeks and months. We look forward to the growth the anticipated surge in Boat and RV listings will bring to Hot Web and its shareholders."
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
posted
No offense, but this one looks like a total dog to me. $3.6 million in listings total over all types? You can find small car dealers with higher valued inventory. And what kind of cut do they get? Even if they sell ever dingle listing this month and get 5% (and I'm sure that's an overstatement) they make $180,000 and have no inventory left. Why would this company be worth multi-millions?
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Really did you even research the company or are you going off one release that I posted. Thats just listings for one month. Check out the websites then get back to me. Also there adding reps throughout the country to build there business.
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No, I did check out the websites and past PRs. You're right though, I misread the part about the listings. I thought it was cumulative, but it says secured in that month.
Also, I did find the pricing info since then as well. It's $295 for the initial listing and $500 +5% upon sale.
I take back what I said in my previous post.
Still not buying, but wouldn't totally disregard it like I had upon first inspection.
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No big deal. Believe me I know they have a long way to go but they are making steps in the right direction. I just hope the great news keeps coming and then they get there butts off the pinks.
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Hot Web, Inc. Announces Unaudited Financial Results for First Six Months of 2007
BOISE, ID, Aug 13, 2007 (MARKET WIRE via COMTEX) -- Hot Web, Inc. (PINKSHEETS: HWBI) today announced the Company's unaudited financial results for the first half of fiscal 2007. Reported financial results represent consolidated revenues from all Hot Web businesses for the period beginning January 1st, 2007 through June 30th, 2007. For the first six months of the current fiscal year, Hot Web, Inc posted unaudited revenues of $1,222,058.00 USD, or $.005 per common share. For the same period, the Company posted a modest net loss of $96,899.00 USD, or $.00039 per share.
George Stevens, Chairman of Hot Web, Inc., stated, "We have aggregated the financial results for the first six months of 2007 in order to file an update 15c-211 information statement in the third quarter. While an OTCBB listing clearly isn't in our immediate future, we ardently believe in communicating our financial results to our shareholders and creating an environment of transparency for the future, and as such will begin voluntarily filing our financial information with pink sheets until such time as the Company can justify the additional monetary burden associated with Sarbanes Oxley compliance and OTCBB listing." Stevens continued, "We have seen two record breaking months of listings in less than 90 days. While system-wide listings totaled $1.76 Million in May, they were dwarfed by July's listings of $3.66 Million, a 100%+ increase. The trend certainly seems to be going in the direction we have worked very hard to bring about. We are already seeing some of our week-old boat listings starting to sell, with a 2004 Carrera 'Party Effect' selling for over $45,000.00 USD alone. Additionally, we have not even begun to discuss RV listings, which beginning to show signs of significant growth. We are pleased with the results for the first 6 months of the year and, given the precipitous increase in business momentum over the past several months, anticipate increasing top and bottom line numbers to close out 2007."
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Hot Web, Inc. Provides Investor Update in Special Letter to Shareholders
BOISE, Idaho, Aug 15, 2007 (BUSINESS WIRE) -- Hot Web, Inc. (Pink Sheets: HWBI) Chairman, George Stevens, issued a special letter to shareholders today to highlight accomplishments over the past 12 months, as well as to outline the Company's future plans and expectations in light of shareholder requests directly resulting from recent trading activity in Company shares. The complete text of the letter is as follows: Dear Fellow Hot Web, Inc. Shareholder,
This letter has been a long time coming and I am glad that, despite somewhat alarmist notions stemming from recent market activity, our shareholders have taken the interest and initiative to reach out and ask that I address both existing and prospective shareholders alike.
It has been roughly 12 months since the Board of Directors of Hot Web's predecessor company embarked on a decision that would serve as the genesis of what we all know today as Hot Web, Inc. In 2005, Hot Web's predecessor, Snap n Sold Corporation, acquired HotAutoWeb, a two-and-a-half year-old on-and-offline consigner of fine and classic automobiles with folksy appeal and consistent organic growth, to address and capitalize on a distinct market need. At the Corporate level, business integration issues and failures to create growth in the Company's core "drop store" business forced the Company's Board of Directors to decided on a course of action to eliminate the non-performing management team and business and make a strategic bet to redirect all resources to the Company's HotAutoWeb business unit, that while undercapitalized, was still managing to perform at or above expectations. While the decision was something of a calculated gamble at the time, it also represented the opportunity to build a leading-edge company around a highly-unique, bricks-n-clicks vehicle consignment model that re-introduced humanism to commerce - one that we believed that could someday become the dominant force in "Fraud Free" on-and-offline line big-ticket commerce.
Fast-forward to today and it looks like the decision was the correct one, as we have managed to transform the Company from a struggling concern, concentrated in a business of questionable merit, into a viable niche-focused enterprise with an impressive list of milestones attained and even more impressive potential for growth in the future. Quite simply, Hot Web, Inc., is more stable and successful today than at any time in its history. Consider for a moment the extraordinary developments and strides made in a little less than a year.
-- The Company was reorganized as Hot Web, Inc., complete with new trading symbol and CUSIP number. Brian Hanold, the founder of HotAutoWeb, was named as President & CEO and I was named as the Company's Chairman.
-- 7 total regional representatives have been recruited and trained, in line with the hub & spoke operating strategy that evolved into Hot Web's Regional Representative Program (RRP). The Company now has local marketing, inspection and listing collection representation for classic cars, show cars, hot rods, cycles, boats, airplanes and RV's in areas of Arizona, Southern California, Illinois, Iowa, Wisconsin, New Mexico and Texas.
-- The Company secured a long-term lease on, renovated and launched a 4,570 sq ft. World-Wide Head Quarters in Boise, Idaho complete with offices, a warehouse, vehicle showroom, inspection facilities, photography operations and online listing operations and a bonded dealers license from the sate of Idaho.
-- A new Corporate website was launched, significant upgrades were made to the HotAutoWeb site and two new sites designed and launched - HotCycleWeb and HotBoatWeb - representing two critical components for our future growth.
-- Preparations have been made and relevant information aggregated from former management and operations to file an Information and Disclosure Statement pursuant to Rule 15c2-11 of the Securities and Exchange Act of 1934, though St. Petersburg, Florida-based Spartan Securities Group, Ltd. in order to move the Company from "Unsolicited" Pink Sheet listing status to "Fully Compliant" listing status.
-- We have aligned the Hot Web "brand" with that of best-of-breed participants in the automotive and business community, such as Proctor & Gamble (NYSE: PG), Dodge(TM), Texaco Havoline(TM)(a trademark of Chevron Corporation (NYSE: CVX) and General Motors (NYSE: GM) by active and frequent participation in prestigious exhibitions and events nationwide. Several hundred thousand automotive and vehicle enthusiasts have now had a chance to "meet" and "get to know" Hot Web face-to-face.
-- We have initiated a monthly nationwide print advertising campaign - the first in company history - to compliment online marketing efforts. These initiatives have provided immediate dividends in sales and listing increases, brand awareness in the community and dramatically increased online traffic.
-- The Company has successfully listed some of the most highly coveted show cars in America and has become a "favorite resource" for well-known and extremely affluent domestic and international automotive collectors.
-- A 26-year auto industry veteran was hired to run Corporate Sales & Operations in the Company's Boise, Idaho Head Quarters.
-- We have generated dramatic increases in Internet traffic to the Company's flagship property, HotAutoWeb. According to Alexa(R) Internet, a subsidiary of Amazon.com, Inc. (NASDAQ: AMZN), the HotAutoWeb site climbed into the top 100,000 most visited sites on the Internet for the first time in Company history. Additionally, the HotAutoWeb domain was ranked as the 18,098 most visited Internet destination in the United States. According to Ranking.com, HotAutoWeb was recently is ranked 40,059 of all websites worldwide, while the domain is currently ranked 3rd worldwide in the "Classic Car" category.
-- New Company records for the value of system-wide listings obtained in a single-month were established. A new record was established in May 2007 when $1.76 Million (USD) in system-wide listings were secured, only to be broken 60-days later, in July 2007, when $3.6 Million (USD) in system-wide listings were obtained.
-- Announced un-audited financial performance for the fist six-months of FY 2007 of $1,222,058.00 USD, or $.005 per common share and a modest net loss of $96,899.00 USD, or $.00039 per share.
-- The Company surpassed $13,000,000.00 USD in total vehicle sales in its history.
If you consider the above list, and the amount of time it took to accomplish the items listed, I think you will all agree that we have accomplished a great deal in a relatively short period of time. The progress made to-date, however, is merely prologue to a chapter in Hot Web's history that, we believe, will highlight the most significant series of events to come. The real purpose behind this letter is to provide shareholders with an overview of our plans and expectations for the foreseeable future, and in so doing, set expectations and goals for us, as management, to deliver to you, the shareholder.
In the coming 12 months, the Hot Web management team will be singularly focused on our 4 pillars of growth:
1.) Utilizing our existing hub & spoke system of centralized management and regional representation throughout each of our business lines to increase penetration domestically and internationally while minimizing costs - Regional representatives are the keystone to monthly listing and sales growth, and while finding, recruiting and training candidates who are committed to our processes, quality, integrity and customer experience isn't easy, it is vital to protecting our image and ensuring repeat customers over time.
2.) Dramatically increasing consumer awareness of our branded businesses through a combination of merit-based media coverage, event-driven sponsorship and representation and direct-to-source marketing and advertising - We will continue to market ourselves to local communities through event sponsorship and participation as well as increase the volume of our highly-targeted nationwide print advertising and radio advertising to compliment our increased levels of online marketing initiatives over the next 12 months.
3.) Rolling-out new service offerings including our HotPlaneWeb, HotInsuranceWeb and HotloanWeb properties - These properties will slowly take shape over the next year, just as HotBoatWeb and HotCycleWeb did over the past year. Our feedback has indicated that product focus generates loyalty among product-focused consumers. One size does not fit all, particularly for the product-focused business community members and individuals we are looking to attract.
4.) Completing at least one highly synergistic "platform" acquisition - We are, and have been, in active discussions with several candidates that fit our "platform" mandate. While for a number of reasons, the business nature of these companies must remain confidential for the time being, it is important to note that each has established revenue and earnings bases that would propel Hot Web to immediate profitability, if acquired, and possess little "service offering overlap", only enhancement. Ultimately it is our belief that one of these, or other, potential "platform" acquisitions will lead to a "1+1=3" scenario.
It is important to note that at the corporate level, Hot Web management has taken steps to provide our shareholders with assurances that can only be gained by full disclosure and transparency. As previously announced, we have aggregated the necessary information and are preparing the documentation to file an Information and Disclosure Statement sometime in the next financial quarter. While the costs associated listing on the OTC Bulletin Board and maintaining ongoing regulatory compliance, reporting and financial transparency pursuant to Sarbanes Oxley legislation are prohibitive at this point, it is our intent to take these steps when we can justify the additional costs. In the meantime, I will reassure that we are absolutely committed to our fiduciary responsibility to the shareholder and the maximization of shareholder value and will, whenever possible, file voluntary information to keep you up-to-speed.
Lastly, the prospect of financing and the dilution commensurate with such activities is of great concern to many of our shareholders - particularly as the specter of dilution pertains to the trading of Hot Webs' common shares. The capital structure of Hot Web has remained static for a considerable length of time. Officially, there are currently 250 Million shares Authorized with 243,601,372 shares Issued and Outstanding. Our internal estimates of the "tradable" float are roughly 180 Million shares. Management is acutely aware of the tension that exists between the need for capital to drive growth and the ultimate cost of that capital in terms of share appreciation potential. While it is a distinct possibility that we may need to raise capital at some point in the extended future, we have no intent and/or no immediate plans for financing in the near future, particularly at the valuation the market has recently assigned to the Company. As for the trading of our shares, I cannot comment on the "in's and out's" of every trading day, but I do maintain that the Company is considerably stronger and more viable than at times in its past when it carried a valuation 7 to 10 times higher than what it is today. All we can hope for is that eventually the company's intrinsic value and growth prospects become reflected in the value of the shares. My personal opinion is that they currently are not.
In summation, I want to thank the shareholders that have stuck by us over the past year for their votes of confidence and the commitment they have made to the Company. Investing in early-stage companies a highly speculative endeavor that requires both patience and fortitude and everyone at Hot Web acknowledges your role in our early successes. It simply would not have been possible without you. My hope is that your resolve as a shareholder has been strengthened by our accomplishments so far and I can say with all confidence that the company's management, employees and stakeholders look forward to rewarding you with impressive returns on invested capital as the company continues to grow. With your continued support we will complete the task of building a world-class enterprise originally set before us.
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Wow what an end of day run we had. Up 40% for the day with 6.9 million in vol. And we broke down that .007 wall. Hope tom. is just as good.
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