STUDIO CITY, Calif., Oct. 03, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE  —  Web Global Holdings, Inc. (OTC: WEBB) a diversified cryptocurrency holding company specializing in media and digital currency mining operations, today announced that the company has started production in Los Angeles for CryptoCake, the 24-hour TV and streaming channel devoted to cryptocurrency, blockchain, and fintech news, information and entertainment.

Over the last two weeks, the company has been prepping and shooting six of the 14 pilot shows for the CryptoCake TV channel. Post-production will commence this week which includes days of editing. The company will release the pilots in streaming format across multiple streaming outlets. The company has also tapped seasoned Hollywood-based production crews to expedite the production process.

“We are aggressively moving forward with a robust slate of original programming and believe we are off to a terrific start,” said Steve Slome, Chief Executive Officer of Web Global Holdings, Inc. and co-creator of CryptoCake TV. “The CryptoCake production team has been hard at work building out sets and has cast nearly all of the pilots with experts and influencers in the crypto space. The cast members we have chosen are stellar and have committed their involvement in the channel by way of sharing content with their personal fans and audience base.”

By year-end, CryptoCake will have a full catalog of pilot shows and programming covering a variety of narratives related to the cryptocurrency and blockchain industries. The channel’s programming content will include general news reporting, cryptocurrency reviews, a celebrity evening talk show, FUD Busting, gamers in crypto, as well as a show on exchanges and Initial Coin Offering’s (ICO’s).

According to a recent report from the Video Advertising Bureau (VAB), the number of U.S. TV households using only over-the-top (OTT) streaming services and devices has tripled since 2013, rising to 14.1 million homes. The report also found that the use of OTT devices and access is on the rise, with nearly one-third of all OTT subscribers having three or more ways of accessing content, an increase of eight times from two years ago.

Slome continued: “We are also fielding a considerable amount of interest in advertising space as almost all operators in the crypto space are hungry for increased exposure for their operations. Advertising will be one of the most crucial revenue sources for the company and we are very encouraged by the potential we can already see coming our way.”

The VAB report also projects that advertising will continue to be an essential component of the OTT ecosystem. According to the findings, 65 percent of people who use a second screen while streaming content have looked up information about a product they’ve seen advertised or featured on that program.

The company plans to announce the titles of the shows by the end of October of the 14 pilots with previews released on www.cryptocake.com and the CryptoCake YouTube channel with the full channel set to launch February 2019.

To learn more about Web Global Holdings and the CryptoCake TV channel, please visit the company’s website.

ABOUT WEB GLOBAL HOLDINGS, INC.

Web Global Holdings, Inc. is a California-headquartered, publicly traded company (OTC: WEBB) incorporated in the state of Colorado. We are 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 television around the rapidly expanding crypto and blockchain universe. Web Global Holdings’ largest operating subsidies are CryptoCake, BitGen Mining, and Allocation Media Entertainment.

To learn more about Web Global Holdings, Inc. and its portfolio companies, please visit:

https://webglobalholdings.com

https://allocationmedia.com

https://bitexmining.com

Notice Regarding Forward-Looking Statements 

This press release may contain “forward-looking statements,” as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

Public Relations Contact:

Tory Patterson, CMW Media

Tory@cmwmedia.com

www.cmwmedia.com

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Web Global Holdings, Inc.

Web Global Holdings, Inc.

Web Global Holdings, Inc., is a California-headquartered, publicly traded (OTC: WEBB) incorporated in the state of Colorado. We are a diversified holdings company that creates growth through asset acquisition and development to produce long-term cash flow and favorable returns for stakeholders.