Perfect Web Technologies, Inc. Spins-Off Subsidiary

BOCA RATON, FL, Aug 05 (MARKET WIRE) --
Perfect Web Technologies, Inc. (PINKSHEETS: PWBI) announced today that it
has spun-off Willing Holding, Inc. to its shareholders.

The Company's wholly owned subsidiary Willing Holding, Inc. has been spun
off to its shareholders of record as of July 31, 2008. The stock
distribution ratio is 1 share of Willing for 74.8 shares of the Class A
Common Stock of PWBI.

The Company through its transfer agent is distributing an Information
Statement to its shareholders of record as of July 31, 2008.

About Perfect Web Technologies, Inc.

Perfect Web Technologies, Inc. is a holding company for a series of
integrated technologies that optimize the use of the Internet. It is a
provider of web based applications and B2B2C marketing solutions designed
for marketers, built through technology development and acquisitions. The
Company intends to license its portfolio of six patents and patents
pending that represent key Internet and software technologies and
business methods. The patents cover electronic document publishing,
e-mail management and distribution, e-commerce and marketing tools,
access management to electronic documents and electronic document
collaboration. For more corporate information visit
www.perfectwebtech.com.

About Willing Holding, Inc.

Willing Holding, Inc. ("Willing") is currently engaged in the
telemarketing of residential and commercial mortgages and related
products. Willing intends to re-direct its efforts in the
telecommunications industry that it anticipates will include service
capabilities to development, design, engineer, project management,
installation, construction, operation and ongoing maintenance services
for both telecommunications/communication systems.

Forward-Looking Statements

This release is not an offer to purchase or sell securities and may
contain statements that are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on current estimates and projections about Perfect
Web Technologies, Inc.'s business, which are derived in part on
assumptions of its management, and are not guarantees of future
performance, as such performance is difficult to predict. Actual outcomes
and results may differ materially from what is expressed or forecasted in
forward-looking statements due to numerous factors. Such factors include,
but are not limited to, the Company's ability to execute effectively its
business plan, the success of its spin-off plan, the intended tax-free
distribution to the Company's shareholders of record and the success of
Willing Holding, Inc.'s ability to execute its business plan. These and
other risks described in the information statement should be read in
conjunction herewith for a further discussion of important factors that
could cause actual results to differ materially from those in the
forward-looking statements. The Company assumes no obligation to update
information concerning its expectations.

Contact:
Thomas L. DiStefano III
Perfect Web Technologies, Inc.
561-955-9295

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