WEBSTAR TECHNOLOGY GROUP - WBSR STOCK NEWS

Webstar Technology Group (OTCQB: WBSR) has announced a $10 million Regulation-A Tier II public offering at $7.00 per share to fund the development of the $650 million Bear Village Resort in Commerce, Georgia. The resort is projected to generate over $75 million in annual revenue and bring significant tax revenues and jobs to Banks County. Bear Village Resort will feature indoor and outdoor water parks, an adventure park, family entertainment center, racing tracks, an aquarium, a 600-room themed hotel, a conference center, 500 condo hotel/timeshares, restaurants, and retail outlets. The US hospitality real estate market, currently valued at $28.1 billion, is expected to grow at a CAGR of over 5.5% during the forecast period.

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.

Webstar Technology Group (OTCQB: WBSR) announced an Asset Purchase Agreement with Electrical Compression and Optimization (ECO), transferring certain assets in exchange for 201,057,278 common shares in ECO. These shares will be distributed to Webstar's shareholders on a 1-for-1 basis, with shareholders of record as of 5 PM June 21, 2024, set to receive this dividend.

The transaction positions Webstar shareholders in the emerging electrical compression technology market. CEO Don Roberts highlighted ECO's potential in enhancing battery life for electric vehicles and reducing global electrical consumption. The share distribution process is expected to complete by July 31, 2024.

Webstar Technology Group (OTCQB:WBSR) has amended its Technology Marketing and License Agreement with Soft Tech Development Corp., which now includes Change of Control 'Poison Pill' defenses. This aims to protect the company and its shareholders from hostile takeovers by ensuring that any acquirer must pay a minimum of $5 per share. The amendment also enhances the company's exclusivity and Right of First Refusal for future exclusive marketing licenses, potentially increasing the value of its assets. The company is focusing on generating immediate revenues through technology licensing and strategic acquisitions.

Webstar Technology Group Inc. (OTCQB:WBSR) has unveiled a new operational plan to expedite revenue generation with minimal investment. The company is exploring three main options: licensing its technology, selling it via permanent licensing, and strategic acquisitions or investments in advanced technology. These strategies aim to partner with globally recognized entities, ensuring rapid deployment of its innovative technology. CEO Don Roberts emphasized that this shift could enhance shareholder value and expedite returns without extensive capital expenditure.

Webstar Technology Group (WBSR) announced its uplisting to the OTCQB Venture Market as of February 1, 2022. This move aims to enhance investor visibility and increase liquidity, allowing greater access to institutional and retail investors. CEO Don Roberts emphasized that the uplisting improves reporting standards and compliance, which are essential for attracting broker dealers and enhancing market visibility. Historically, companies transitioning to OTCQB have experienced higher investor awareness and trading volumes.

Webstar Technology Group has filed an application to uplist from the OTC Pink Sheets to the OTCQB Venture Marketplace. This move aims to enhance visibility, improve reporting standards, and attract institutional investors. The OTCQB is recognized for its compliance and transparency, which could lead to increased liquidity and analyst coverage. CEO Don Roberts emphasized this uplisting as a significant milestone, potentially paving the way for further growth and long-term shareholder wealth. The company is committed to innovation in data delivery technology.

Webstar Technology Group (OTC PINK:WBSR) has successfully commenced trading on OTCMarkets as of August 2, 2021, after receiving its trading symbol from FINRA. The stock opened at $2 per share, establishing a market cap of $279.8 million. CEO Don Roberts emphasized the company's commitment to advancing its business plan and shareholder engagement, focusing on innovative technologies like the Warp-G Enterprise Software and Gigabyte Slayer mobile app, which aim to enhance data delivery capabilities beyond current standards.

Webstar Technology Group Inc. (OTC Pink: WBSR) announced it has received notification from FINRA, granting it a trading symbol. This key approval allows the company to list on public markets and initiate the quotation for WBSR within three business days. The company plans to roll out its proprietary technology products, including the Gigabyte Slayer™ Retail Mobile App and Warp-G™ Data Software Solution. Chairman James Owens emphasized that this listing is essential for implementing the company's business plan and expanding its innovative product offerings.