Pacific WebWorks, Inc. (OTCBB:PWEB) today updated the market on certain accomplishments achieved throughout the year and outlined its expectations for 2008. 2007 represents an important period in the history of Pacific WebWorks, Inc. During 2007 the company implemented its new marketing initiatives with great success. While final numbers for the year end December 31, 2007 are not yet complete the company will finish the year with revenues exceeding 200% of revenues reported in 2006. The company is now cash flow positive and has transitioned from operating losses from continuing operations of over $1 million in 2006 to operating profits in amounts exceeding any previous year in the company�s history. The company is also free of any debt outside of routine payables and legacy liabilities related to discontinued operations. Largely due to the success of our marketing and product promotions in 2007 our active customer base increased over 600% from approximately 6,500 customers in 2006 to nearly 40,000 customers in 2007. Nearly 90% of company revenues are now recurring monthly revenues related to the hosting which we provide to our portfolio of customers. In the near future the company will announce several new significant agreements, including new distributor agreements and credit card processing agreements. Additionally, the company will be announcing the relocation of its corporate offices into a new, state-of-the-art facility designed to support continuing growth and product development. CEO Ken Bell reported, �The growth that we experienced during 2007 has been very rewarding. We have positioned ourselves for continued growth and expect 2008 to be a continuation of the success we experienced in 2007. While our percentage growth rate will clearly be reduced, we expect our overall growth to continue at a high rate. Coming off the record year we had in 2007, we foresee�continued growth and success for 2008 and into the foreseeable future. We appreciate the commitment of our staff and the continuing support of our shareholders.� 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' wholly owned subsidiary IntelliPay develops and provides trusted electronic transaction processing and payment products and services. Pacific WebWorks' wholly owned subsidiary TradeWorks Marketing is a sales and marketing organization created to market Pacific WebWorks and IntelliPay products. Forward-Looking Statements This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The company's actual results could differ materially from expected results.
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