Company Overview: Webstar Technology Group, Inc.

Business Focus and Operations

• Type of Company: Early-stage specialty real estate development company with diversified operations.
• Primary Focus: Identifying, partnering, and developing specialty real estate projects in the United States.
• Development Focus Areas:
  • Multi-tenant buildings that can be upgraded to green/energy-efficient status.
  • Entertainment and resort real estate developments, including family resorts.
• Operational Shift: In June 2024, management shifted the company's focus from licensed software solutions to real estate and resort development, expanding beyond its original business of licensed software solutions such as Gigabyte Slayer and WARP-G.

Key Strategic Activities and Transactions:

• Acquisitions and Agreements (2024):
  • Acquired Series A Preferred Stock from the Frank T. Perone Irrevocable Trust for $500,000 (funds partially paid; remaining $325,000 unpaid).
  • Acquired contracts with Electrical and Compression Optimization, Inc. (net book value zero), issued 201,057,278 shares to related parties.
  • Acquired licenses for Gigabyte Slayer and WARP-G software from Webnet Technologies Incorporated (owned by James Owens); assumed liabilities of ~$3.3 million for accrued salaries and related expenses, and paid $22,869.
  • Purchased assets and intellectual property related to Bear Village, Inc. family resort developments from Thunder Energies Corporation (owned by Mr. Owens); issued 201,057,278 shares as consideration.
• Management Changes:
  • Replaced officers and directors post-transaction (June 14, 2024), installing new leadership including a new CEO, President, COO, CFO (who resigned as interim CFO in Feb 2025), and independent directors.

Employees and Management

• Current Employees: 1 full-time employee.
• Consultants: 2 contractors providing financial reporting and related services.
• Key Executives:
  • President/CEO: Ricardo Haynes (59)
  • Chairman: Eric Collins (57)
  • President: Lance Lehr (56)
  • CFO (resigned Feb 2025): Adrienne Anderson (46)
  • Secretary/Attorney: Donald R. Keer (63)

Revenue and Income

• Revenue: $0 in 2023 and 2024; no operational revenue from other services or sales.
• Net Income/Loss:
  • 2024: Loss of approximately $4.5 million.
  • 2023: Loss of approximately $915,000.
• Financial Status:
  • Minimal operating capital.
  • Working capital deficit as of December 31, 2024: $81,236 (improved from a deficit of ~$3.37 million in 2023).
  • No revenue-generating operations to date; ongoing expenses are funded through related-party loans, liabilities assumption, and issuance of stock.
  • The company has a significant accumulated deficit and has not generated profit or revenue; operations are at an early, developmental phase.

Current Market and Stock

• Market Listing: OTCQB of OTC Markets.
• Stockholders: As of April 2025, approximately 400 million shares outstanding; two main classes—common stock (with voting rights) and Series A Preferred Stock (controls voting until released from escrow).
• Employees: 1 full-time employee, with additional consultants; management includes a President/CEO, COO, CFO (resigned), and independent directors.

Overall Description

• The company has transitioned from a software licensing enterprise to a real estate development and resort operator focused on family resorts and entertainment projects.
• It remains in the early phases of development with no current revenue, minimal assets, and significant expenditures related to acquisitions, licensing, and development efforts.
• The company’s financials reflect ongoing liabilities, large stock-based transactions with related parties, and substantial net losses. Its operations are highly dependent on future funding, land purchases, and project development.