Pacific WebWorks Upgrades Growth Forecast for 2009
September 15 2009 - 6:00AM
Business Wire
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.
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