TAMPA, FL — April 17, 2026 — Webstar Technology Group, Inc. (“Webstar” or the “Company”), a diversified real estate development and technology firm, today provided clarification regarding recent third-party media coverage of its South Downtown Atlanta development project (the “Forge Atlanta” project), consistent with previously disclosed filings, including its .
Through its subsidiary, Forge Atlanta Asset Management, LLC (“FAAM”), the Company has completed the execution of closing documents and secured operational control of the approximately 10-acre development site located in South Downtown Atlanta.
The transaction was structured as a seller-financed closing, with title recorded and FAAM assuming control of the property, while certain scheduled payment obligations remain in place pursuant to the underlying agreements.
The Company believes that certain statements contained in recent media coverage do not fully reflect the current status of the transaction or the progress made to date.
Webstar further notes that its engagement of an independent registered public accounting firm to conduct a PCAOB-compliant audit was voluntary and undertaken to enhance transparency and credibility with institutional investors, despite such reporting not being required for companies quoted on the OTCID Markets.
The Company is currently evaluating its audit engagement and intends to proceed with an amended annual report filing, if necessary, to ensure full alignment with its financial reporting objectives and long-term capital markets strategy.
Webstar remains actively engaged in advancing the Forge Atlanta project, including ongoing discussions with potential equity partners, lenders, and institutional stakeholders. The Company continues to position the project as a high-impact mixed-use development designed to contribute meaningfully to the economic revitalization of South Downtown Atlanta.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s current expectations regarding future events and are subject to risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company’s ability to complete financing transactions, satisfy contractual obligations, execute development plans, maintain regulatory compliance, and general economic and market conditions. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.
Investor Contact
Webstar Technology Group, Inc.
www.webstartechgroupinc.com
email: infor@webstartechnologygroup.com