Profit Web System is actually a clone of several previous products. The name keeps changing to prevent people from finding complaints about the current product for a while.
With that in mind, if you want to find out the truth about Katie Smith's Profit Web System, you will definitely want to check out the following:
Home Profit Masters Scam - this is a warning I put out where I proved that the site was using testimonials that I found on a Federal Trade Commission complaint
Profit Masters Scam Analysis - this is a clone of Home Profit Masters. 116 people commented on this post - you'll probably want to read what they had to say about this nightmare of a product.
Online Profit Masters review of red flags - this warning has 124 comments that will definitely convince you NOT to try the related program, Profit Web System.
Income Masters Institute warning at RealScm - includes proof of shilling that the company did.