CRYPTOCAKE ANNOUNCES
RETENTION OF PRESTIGIOUS ADVISORY
FIRM INTERNATIONAL MONETARY
TO TAP NATIONWIDE NETWORK
OF ACCREDITED INVESTORS,
ANALYSTS, AND BROKER-DEALERS
Studio City, CA -- March 28, 2019 --
InvestorsHub NewsWire -- Web
Global Holdings, Inc. (OTC:
WEBB), is pleased to announce
it has retained
Newport Beach,
CA-based International
Monetary ("IM") to develop and manage a comprehensive
investor
relations
program
for its subsidiary, Hollywood-based Cryptocurrency and Blockchain news and
entertainment company,
CryptoCake.
"After shooting six pilots in November of 2018 we're about to begin an aggressive
roll-out of
the full CryptoCake
channel across
multiple media platforms in mid-to-late 2019. These OTT platforms
("Over the Top" refers to
streaming, internet services for news & entertainment that
bypasses cable and satellite channels) include Amazon Fire, Roku, Apple TV, Chromecast, Twitch
as well as the
www.CryptoCake.com
site," said CEO Steve Slome co-founder of CryptoCake along with his partner
and COO, Lee Zuckerman. CryptoCake is free to watch and will include an online crypto and blockchain
news division to
monitor the heartbeat of this space. CryptoCake already boasts a 1.8 Million subscriber YouTube channel, making it one of the largest
crypto/blockchain
followings
on social media. CryptoCake eventually plans to add satellite offices around the world.
"We chose International Monetary
because we wanted an experienced and well-connected
merchant bank with
an investor
relations department that we felt was capable of keeping
up with us, ready to get out there and communicate what we believe is
the exciting story of CryptoCake - 'the voice of Crypto and Blockchain.' This compelling value proposition
will exemplify our commitment to building
shareholder value. This is a very exciting time for us
and our shareholders in the continuing evolution of our
company and we
wanted a firm that shared our excitement as well as our vision," continued Mr. Slome.
"We've
already done our homework with proof of concept for the channel and debuted at
several crypto events with a reception that was tremendous and
overwhelmingly positive from the community. These results gave Steve and I validation that we're definitely
on the right track
in providing a much-needed service to
tech savvy investors of this digital currency world," stated Mr.
Zuckerman, "and we look to IM's expertise to aid
us in achieving this historic
enterprise." Our concept is for CryptoCake to generate huge media revenues through advertising, sponsorship
deals and various revenue streams that should provide
very positive returns for investors."
M.B.
(Blaine) Riley, III, Managing Director and
President of IM,
states, "From the
moment I met Steve
and Lee and saw the world TV channel, I
thought of the impact CNN and CNBC
had when they first launched.
I immediately recognized
the enormous potential for this young company and wanted to be part
of what I expect to be one of the most talked
about media and TV channel growth stories. Steve and his team are among some of the
most driven, highly-focused management teams I've ever
had the pleasure
of working with."
"On the investor relations side, we
will direct a series of initiatives to enhance shareholder value
and ensure liquidity," continues M.B. Riley. "We will introduce the company to a
nationwide brokerage network comprised of broker-dealers and
investment banks
focused on the micro-cap sector. We will also leverage our relationships with these
investment banks
and work to
secure select analyst
coverage to open the door to millions of potential investors
and shareholders to begin to unlock the true value
of CryptoCake's under-valued securities," states M.B.
Riley.
"Investor relations is just the
beginning of what we intend to bring to this special
company," continues M.B.
Riley,
"through
our merchant banking and strategic advisory arm,
we
will harness the power of
our large network of accredited
investors, institutions, funds, and underwriters who provide early stage financing, as well as advising the company's management on making strategic decisions
concerning alternative capital resources,
structured
financing,
and mergers & acquisitions" states M.B.
Riley.
About International
Monetary:
Founded
in 1997, IM recognized a need to provide
investment banking services with the speed and precision
that is required in the new internet and technology economy. IM
focuses on turnaround situations and rapidly growing small
companies, specializing in debt/equity financing of under $1
billion. IM is
led by a team of
Managing Directors that offer a number of strategic advisory
services including: providing capital resources, structuring
financing for M&A, international
licensing/commercialization, retail product/service distribution,
advertising and marketing, and shareholder enhancement services. To learn more about IM, go to: www.intlmonetary.com
About
CryptoCake:
CryptoCake is the main subsidiary of
Web Global Holdings, Inc. a California-headquartered, and publicly-traded company (OTC: WEBB) incorporated
in the state of Colorado. WEBB is a diversified holdings company that
creates growth through asset acquisition and
development to produce long-term cash flow and favorable
returns for stakeholders. Web Global Holdings has a diverse array
of operating subsidiaries specializing in both traditional
television production, internet, streaming media along with crypto,
blockchain and the FinTech space. Webb is currently building out OTT
streaming channels, reality television productions, online videos,
and scripted series around the rapidly expanding crypto
and blockchain universe. Web Global Holdings' largest operating
subsidies are CryptoCake and Allocation Media
Entertainment.
Forward-looking & Safe
Harbor Statement: Certain statements in this release
may contain forward-looking information within the meaning of Rule
175 under the Securities Act of 1933 and Rule 3b-6 under the
Securities Exchange Act of 1934, and those statements are subject
to the safe harbor created by those rules. All statements, other
than statements of fact, included in this release, including,
without limitation, statements regarding potential future plans and
objectives of the Company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. The Company cautions that these forward-looking
statements are further qualified by other factors. The Company
undertakes no obligation to publicly update or revise any
statements in this release, whether as a result of new information,
future events or otherwise.
For
more
Information,
please
visit: www.cryptocake.com
Please address media
inquiries to: info@cryptocake.com
or call
818-646-4200
Please address investor inquiries
to: info@webglobalholdings.com
or call
310-954-1881
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