Web2 Corp. (OTCBB: WBTO) announced today that investor newsletters are referencing the company name, stock symbol and/or information without authorization. WBTO said that it has not contracted or paid any of these companies for such services. The company strongly opposes these activities and will use methods available to the company to stop such activity.
“These groups often claim to represent, or use as an example, popular or high-exposure small-cap companies in order to gain the confidence of others. It’s an unfortunate act of misrepresentation,” said William Mobley – CEO of WBTO – in a press release.
WBTO also recently announced the unveiling of a research report covering its company and the Internet Technology Industry. Micros Report Director of Research Michael A. Willingham completed the report with a fair value target of $3.06.
The report states, “Noting the market domination in the U.S. of Google and Yahoo, and subsequently Baidu in China, WBTO has launched www.ByIndia.com as an internet search engine directly dedicated to the populous Indian community.”
“WBTO has also partnered to develop and launch www.YouGetIt.com, which is touted as ‘the operating system for your life’ and the ‘Next Big Thing on the Net.’ YouGetIt will aggregate the Web 2.0 capabilities of many of the well-known web behemoths and then insert the customization for the end users to tailor the content to local information…”
WBTO is one of the world’s fastest growing new and social media Internet conglomerates with properties including ChamberEcommerce.com, ByIndia.com, Web1000.com, and YouGetIt.com. As a Web 2.0 Internet technology development firm, it is dedicated to rapid creation and adaptation of technologies. WBTO addresses new markets of users by creating and simplifying useful products, reducing the level of user technical skills required, and lowering prices for consumers.