BOSTON, July 1, 2009 (GLOBE NEWSWIRE) -- Hot Web, Inc. (Pink Sheets:HWBI) announced today that its previously announced name change with the State of Florida to Gold Coast Mining Corp. has officially been approved by the Financial Industry Regulatory Authority (FINRA). The Company will begin trading as Gold Coast Mining Corp. under its new symbol of GDSM effective Thursday, July 2, 2009.
Jason Cooper, managing Director of Presage Partners LLC and Interim CEO of Hot Web, Inc., commented, "The name and symbol change has been a long time coming and we are pleased to see it completed. We will now be able to move Gold Coast forward under its proper corporate identity. This is one more positive step in rebuilding the Company and value for the shareholders."
The Company currently has 444,887,086 shares issued and outstanding.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.