BOISE, Idaho, April 22, 2008 (PRIME NEWSWIRE) -- Hot Web, Inc. (Pink Sheets:HWBI) today announced the completed record sale of a 1948 Buick Roadmaster convertible "custom," named "Lowla" to an undisclosed buyer based in the United Arab Emirates capital city of Abu Dhabi. The $300,000 paid for the one-of-a-kind automobile built by Startup, Washington-based Divers Street Rods, is believed to be the highest amount ever paid for the particular make and model. Hot Web shareholders can view detailed pictures of the World Record holding "Lowla" at the following Internet address: http://www.hotautoweb.com/48buickrm.html
A world renowned builder of custom automobiles, Diver's Street Rods currently has two additional automobiles being listed by HotAutoWeb, a 1940 Pontiac named "1-Wicked-1" which can be viewed at www.hotautoweb.com/40pontw.html and a 1937 Ford Minotti which can be viewed at www.hotautoweb.com/37fordmin.html.
George Stevens, Chairman of Hot Web, Inc, commented, "Naturally we are pleased with the fact that we could represent the seller of such a world class automobile and secure the seller a record setting purchase price. We continue to attract many high dollar value and award winning cars as reflection of our reputation in the automotive community and interaction with high end automotive owners. We have had several contacts from other participating award winning or "contender" vehicles wanting us to sell their cars." He continued, "We continue to see interest in "big ticket" hot rods, American Muscle Cars and Classic Cars from international clients due in large part to a weak U.S. Dollar relative to other world currencies and a love for classic American cars on an international level."
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; www.hotplaneweb.com. The company is also currently developing other Hot Web branded online business units to complement its current roster.
The Hot Web, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4946
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.