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WWEBNET, Inc. (“WWEBNET”
or the “Company”), an acronym for World Wide Electronic Broadcast Network, today announced trading on its
common stock has commenced on the Over-the-Counter Pink Sheets under the trading
symbol “WWEB”. The Pink Sheet
listing is expected to allow the Company’s shareholders to trade their
securities publicly, subject to compliance in their respective and individual
circumstances with relevant federal and state securities laws. WWEBNET owns and operates a delivery
system that empowers the automated, worldwide broadcast of DVD-quality video,
audio, promotions, advertising and other brand offerings via consumers’ personal
computers and other digital devices.
WWEBNET’s proprietary delivery system is being adapted
by broadcasters and entertainment companies, worldwide. The company believes it
provides an excellent solution for the digital delivery of film, television
programming, video and music, on an automated basis, over the global digital
network infrastructure. Parties
wishing to learn more about the Company may access its website,
http://www.wwebnet.com.
Pink Sheets is the leading electronic quotation and trading system in the
over-the-counter (OTC) securities market.
Pink Sheets creates innovative technology and data solutions to
efficiently connect market participants, improve price transparency, increase
issuer disclosure and better inform investors.
Pink Sheets is the largest U.S. equity trading venue after NYSE and NASDAQ and operates the
elite OTCQX market tier for strong OTC-traded companies that can satisfy
stringent financial and disclosure listing standards. Over 230 financial service firms,
including the ten largest U.S. investment banks, actively make markets in OTCQX and Pink
Sheets securities. In 2007, these
firms traded over $160 billion of Pink Sheets securities. Pink Sheets offers widespread access
to all U.S.
broker-dealers, enabling investors to seamlessly trade these securities through
their institutional, online or full service brokers.
Certain statements contained in this press releases
issued by WWEBNET that are not historical facts are “forward-looking” statements
and because such statements involve risks and uncertainties, actual results may
differ materially from those expressed or implied by such forward-looking
statements. Forward-looking
statements, including those included in this press release, are statements
regarding the intent, belief, or current expectations, estimates, or projections
of the Company, its directors, or its officers about the Company and the
industry in which it operates and are based on assumptions made by the
management of the Company. Although
the Company believes that its expectations are based on reasonable assumptions,
it can give no assurance that the anticipated results will occur. When used in this press release, the
words “believes,” “potential,” “capability,” and similar expressions are
generally intended to identify forward-looking statements. Important factors that could cause
the actual results to differ materially from those in the forward-looking
statements include, among other items, (i) changes in the regulatory and general
economic environment; (ii) conditions in the capital markets, including the
interest rate environment and the availability of capital; (iii) changes in the
competitive marketplace that could affect the Company's revenue and/or cost and
expenses, such as increased competition, lack of qualified marketing, management
or other personnel, and increased labor and inventory costs; (iv) changes in
technology or customer requirements, which could render the Company's
technologies noncompetitive or obsolete; (v) new product introductions, product
sales mix, and the geographic mix of sales.
The Company disclaims any intention or obligation to update or revise
forward-looking statements, whether as a result of new information, future
events, or otherwise. The statements
which are not historical facts contained in this press release are
forward-looking statements that involve certain risks and uncertainties
including, but not limited to, risks associated with the uncertainty of future
results, additional financing requirements, development of new products,
governmental approval processes, the impact of competitive products or pricing,
technological changes and the effect of economic conditions.
Contact Details
WWEBNET, Inc.
Robert Kelly, Chief Executive Officer
Phone: 917-639-4766
Email: investorrelations@wwebnet.com
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