Webstar Technology Group Inc. Revolutionizes with New Management and Real Estate Enterprise
Webstar Technology Group Inc. announces new group, replacing management and prior business with seasoned real estate enterprise, poised to introduce major capital infusion and submit Regulation-A offering.
Webstar Technology GroupReal Estate DevelopmentResortHospitality MarketsRegulation A OfferingCapital InfusionReal Estate NewsJun 25, 2024
The new group has acquired assets and intellectual property associated with the Bear Village, Inc., an anticipated $650M family resort destination project that will include indoor and outdoor water parks, karting, a family entertainment center, short-term stay rentals, and a hotel flagged by Wyndham. Additionally, the company has acquired a RORA Prime cryptocurrency funding agreement valued at $40 million dollars.
Ricardo Haynes, the new CEO of the Company, stated that the company is poised to submit a Regulation-A offering of $10 million at $7.00 per share into the market, which will be instrumental in advancing the current development of the Bear Village family entertainment project located in Georgia and provide a pathway to further shareholder value.
The company plans to introduce a major capital infusion in Q3 2024, which will provide consistent ongoing cash flow to the company's operations, further enhancing Webstar Technology Group's financial stability and operational agility.
Webstar Technology Group is committed to innovation and excellence, focusing on leveraging cutting-edge solutions to drive growth and create value. With this new chapter of growth and development, the company is dedicated to delivering exceptional experiences for its customers and stakeholders.
About Webstar Technology Group, Inc.
Webstar Technology Group is a leading development company committed to innovation and excellence. With a focus on leveraging cutting-edge solutions to drive growth and create value, Webstar Technology Group is dedicated to delivering exceptional experiences for its customers and stakeholders.
Forward-Looking Statements Disclaimer This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Webstar Technology Group Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Frequently Asked Questions
What is the focus of Webstar Technology Group's new business model?
Webstar Technology Group's new business model is focused on real estate development, resort, and hospitality markets.
What is the anticipated value of the Bear Village project?
The Bear Village project is anticipated to be valued at $650M.
What is the value of the RORA Prime cryptocurrency funding agreement?
The RORA Prime cryptocurrency funding agreement is valued at $40 million dollars.
When does the company plan to introduce a major capital infusion?
The company plans to introduce a major capital infusion in Q3 2024.
What is the purpose of the Regulation-A offering?
The Regulation-A offering is intended to raise $10 million at $7.00 per share to advance the current development of the Bear Village family entertainment project and provide a pathway to further shareholder value.
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