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[cashrat]

$$$ IWEB REVERSE STOCK SPLIT AND POSSIBLE ACQUISITION $$$



"The board of directors also determined that it is in the Company’s best interests to effect the Reverse Stock Split and considered certain factors including, but not limited, to the following:






(i)

Current trading price of the Company’s shares of common stock and potential to increase the marketability and liquidity of the Company’s common stock;




(ii)

Posturing the Company and its structure in favorable position in order to effectively negotiate with potential acquisition candidates; and




(iii)

Provide the management of the Company with additional flexibility to issue shares to facilitate future stock acquisitions and financing of the Company."