Green Leaf Innovations Inc (GRLF)

[Ruellit]

Hot Web, Inc. Announces Completion of Significant Share Reacquisition
Wednesday April 2, 6:00 am ET

BOISE, ID--(MARKET WIRE)--Apr 2, 2008 -- Hot Web, Inc. (Other OTC:HWBI.PK - News) announced today that, in conjunction with the Company's recently completed and announced capital restructuring, the Board of Directors reached agreement with five of its larger shareholders in mid-January 2008 to reacquire 12,500,000 shares of the company's freely tradable common stock. This action reduced the Company's total outstanding shares by approximately 2.5% to 454,887,086 shares and reduced the estimated outstanding float -- or shares in the DTC system -- by approximately 6.1%, to 191,592,711. All of these reacquired shares have already been returned to the stock transfer agent for retirement.

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George Stevens, Chairman of Hot Web, Inc., commented, "I thought it was important to highlight concurrent share reduction initiatives that were instituted alongside our milestone capital restructuring announced last week. By returning over 12 million shares of stock to our Treasury, Hot Web shareholders realized increased intrinsic value for those shares held in the public marketplace. This major change in our capital structure, in conjunction with several significant pending announcements, represents genuine progress in our efforts to finally begin rewarding our loyal and patient investor base."

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 and www.hotplaneweb.com. The company is also currently developing other Hot Web branded online business units to complement its current roster.

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.


Contact:

Investor Relations:

Matthew Lovito
Brass Bulls Corp.
1-866-342-2700


Source: Hot Web, Inc.

http://biz.yahoo.com/iw/080402/0382675.html