Pacific WebWorks, Inc. (OTCBB: PWEB) announced today that the company is experiencing stronger revenue growth than earlier forecast for 2009. The company is continuing to experience record monthly revenues and is now comfortable upgrading its full year forecast.

Last year the company generated $9.2 MM in revenue and previously anticipated $23-$24 MM for the full year ending December 31, 2009. The company now believes that 2009 revenue will be between $26-$28 MM.

“The company continues to enjoy better than previously forecast results. For the full year 2009 the company now anticipates 180%+ revenue growth over 2008 total revenue, compared to the 150% growth rate previously forecast. The company also anticipates record earnings for 2009. We are eager to announce 3rd quarter 2009 earnings in mid-November and are excited about our continued growth,” stated Ken Bell, CEO.

About Pacific WebWorks, IntelliPay and TradeWorks Marketing

Pacific WebWorks provides a comprehensive suite of affordable, easy-to-use software programs for small businesses that want to create, manage, and maintain an effective Web strategy including full e-commerce capabilities. Pacific WebWorks operates a number of wholly owned subsidiaries including IntelliPay, TradeWorks Marketing and others.

Forward-Looking Statements

All statements other than statements of historical fact included in this press release are forward-looking statements. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and other similar expressions as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. These statements are not a guarantee of future performance. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including the Company’s ability to maintain sufficient credit card processing capabilities to service the demands of their hosting portfolio and other risk factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2008 as filed with the Securities and Exchange Commission. Such statements reflect the current view of the Company’s management with respect to future events and are subject to these and other risks, uncertainties and assumptions related to the operations, result of operations, growth strategy and liquidity of the Company. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this paragraph. The Company has no intention, and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

Heyu Biological Technology (PK) (USOTC:HYBT)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Heyu Biological Technology (PK) Charts.
Heyu Biological Technology (PK) (USOTC:HYBT)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Heyu Biological Technology (PK) Charts.