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Nominally a web hosting service, but the impression I got from reading through their site is the web hosting service was added as an afterthought to create the impression that there was an actual product supporting the base of their pyramid scheme.
It's an MLM marketing scheme but that seems to have been known for years. If you give money to just anyone without doing any research, you probably shouldn't be allowed out on the internets at all.
Also the .ws domain extension is already associated with P2P file downloading and similar shady websites (though not ALL are shady, I mean please don't sue me, it's just an opinion, guys). There are loads of other, better, domain extensions out there. Why choose this?
Google is your friend.