BOSTON, June 17, 2009 (GLOBE NEWSWIRE) -- Hot Web, Inc. (Pink Sheets:HWBI), announced that Hot Web Properties, Inc. ("HWP"), which is 49% owned by the Company, has been engaged by American Community Development Corporation ("ACD") to assist them with the sale of donated items. ACD is a for profit organization that operates in partnership with area 501(c) 3 nonprofit organizations, and donations can include everything from sculpture and artwork, to all types of vehicles, RV's, boats or even airplanes.
American Community Development assists non-profits in their group with consulting, operations, management and funding. The overall mission could be described as providing the necessary experience and skill sets required to create recurring revenue and cash flow within the dynamically changing nonprofit environment. The Company has agreements with multiple nonprofits to coordinate affordable housing programs, employment expansions programs for client residents, the actual purchase or creation of businesses that will employ clients, as well as the actual full-time operational management of the nonprofit entity. The Company has just reached such an agreement with New Beginnings in Recovery of Inverness, which has for the last several years operated a drug and alcohol rehab facility in that town. American Community Development is looking for further economies of scale by enlisting more partners with similar missions to be able to increase both the amount and consistency of funding.
John Folger, the President of ACD, recently stated that the expansion of Federal Stimulus Funding and other grants to assist disadvantaged populations must be properly utilized by nonprofits to build self sustaining business models because the old methods of relying on donations and contributions is no longer sustainable. Each nonprofit must now embrace basic business disciplines to survive.
HWBI also announced that Maximum Motoring Radio Show, a Hot Web Properties (Max Media) production, has a new home on The Tan Talk Radio Network WTAN 1340 and WDCF 1350 am covering the entire Tampa Bay Metro area and also broadcasting live on the internet in both audio and video. Go to www.maximummotoring.com, starting this Wednesday, June 17th, from 9am to 10 am following Don Imus. Today's guest is John Heinricy, a former GM High Performance Vehicle Operations Director. With fifteen national championships to his credit, Heinricy is the most accomplished part-time road racer in America. He became the first driver to record a sub-eight minute lap time at the Nurburgring in a production four-door sedan with the new Cadillac CTS-V. Heinricy has now returned to the states after a 5-week escapade campaigning the record setting Cadillac CTS V in China and Japan.
For more information, call or contact John Folger at 727-735-7777 or johnfolger@earthlink.net. On the web at www.americancommunitydevelopment.com
Or Jim Grady, Chairman, Hot Web Properties, @727.492.5600 or jim@hotwebinc.com.
The Hot Web, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4946
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.