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Webstar Technology Group Inc. (OTCQB: WBSR) is a prominent development company known for its dedication to innovation and excellence. The company focuses on leveraging cutting-edge solutions to drive growth and create value for its customers and stakeholders.
Recently, Webstar Technology Group announced a significant transition, including the transfer of ownership and control of the Company's Board and Officers. This move ushered in a new business model and marked the removal of the Company's prior business along with its assets and debts. As part of this strategic shift, Webstar Technology Group acquired assets and intellectual property associated with Bear Village, Inc., an anticipated $650 million family resort destination project in Georgia.
The Bear Village project will feature indoor and outdoor water parks, karting, a family entertainment center, short-term stay rentals, and a hotel flagged by Wyndham. Additionally, the company secured a cryptocurrency funding agreement valued at $40 million through 50,000 RORA COINS. This funding will help back the project financing and advance the development of Bear Village.
In Q3 2024, Webstar Technology Group plans to introduce a major capital infusion, with a Regulation-A offering of $10 million at $7.00 per share. This capital injection aims to provide consistent cash flow to the company's operations, bolstering its financial stability and operational agility.
Under the leadership of new CEO Ricardo Haynes, Webstar Technology Group is poised for growth and development. The company is committed to enhancing shareholder value and strengthening its market position through strategic initiatives. Investors can expect further updates on these developments, including more information on new assets, management plans, and a refreshed website.
Webstar Technology Group operates with a forward-looking vision, seeking to create exceptional experiences for its customers and stakeholders. The company's dedication to growth and innovation positions it as a key player in the development sector.
Webstar Technology Group (WBSR) has announced significant changes including new management, a shift in business model, and the removal of prior assets and debts. The company is acquiring Bear Village, an anticipated $650M family resort project, and a $40M cryptocurrency funding agreement. The new CEO, Ricardo Haynes, plans to submit a $10M Regulation-A offering at $7.00 per share in Q3 2024. These steps aim to bolster the company’s financial stability and enhance shareholder value, with a focus on the Bear Village development.
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