ORLANDO, Fla., July 31, 2006 (PRIMEZONE) -- 110 Media Group, Inc. (OTCBB:ONTN) announced today that it has completed its name change to Web2 Corp. and begins trading under the new symbol, (OTCBB:WBTO), effective today, July 31, 2006. Web2 Corp. is listed on the NASDAQ OTCBB Electronic Quotation Service.
Concomitant with the name change, Web2 Corp., the Company's new strategic focus, mission and corporate identity will involve a series of new products launches.
Chairman William Mobley stated, "Web2 Corp.'s name and symbol signals its mission is to be a leader among the next generation Web 2.0 companies. We expect to deliver services and solutions that were ostensibly out of the reach of 95% of those using the web just a few years ago. The Internet's massive organic system, which is virtually self-sustaining, is now primed for the introduction of what we believe will be some of the most useful applications and services ever introduced to date."
Additional information on the transactions can be found in the Company's Form 8-K, which was filed with the United States Securities and Exchange Commission.
About Web2 Corp. (formerly 110 Media Group)
Web2 Corp. (OTCBB:WBTO), www.web2corp.com, products and services address a significant market gap by providing non-technical business operators of small to medium-sized businesses with all the necessary services needed to migrate their cottage industries to the Internet or to start a new Internet business. Web2 Corp.'s Chamber of eCommerce packages provide all the necessary components for a successful online business in just one hour. The Company's integrated, friendly, helpful, non-threatening bundle that can be easily accessed and managed by low-tech business operators. The company profitably provides all elements basic to any business endeavor in a cost-effective package offered for $19.95 per month with no start-up fees. Clients simply need to add their information and products or services to be in business in as little as an hour without knowing a thing about HTML, Flash, Secure Socket Layers, FTP, or any other technical aspect of creating and running a website.
The company's numerous products are vertically integrated and primed to become the easiest and most innovative Internet utilities since Yahoo! or Google, coupled with the viral rapid marketing growth of such first-to-market leaders as MySpace, MSN Hotmail, ICQ, Blue Mountain Arts and Napster.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including without limitation statements regarding potential future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Gross turnover could be substantially less in the future due to changes in the law, general economic conditions, or unexpected failure of equipment servicing the accounts. In addition, technical complications which may arise could prevent the prompt implementation of the plans outlined above. Additional Safe Harbor Act Disclaimer Notice is available on the web site at http://www.web2corp.com.