Pacific WebWorks Expands Business Model
June 17 2009 - 9:00AM
Business Wire
Pacific WebWorks, Inc. (OTCBB:PWEB) announced today that the
company is expanding its business model. While the company�s
current customer base continues to grow the company has developed
an additional model of capturing long-term recurring revenues. As
part of this new plan the company is establishing joint venture
relationships to help small business customers to expand their
markets. The company currently provides the tools, software and
design for the companies to have an internet presence with
e-commerce capabilities. In addition, the company will now
accelerate its internet marketing operations to drive traffic to
these sites.
�This represents an important achievement for Pacific WebWorks.
We are currently, and will continue to experience sizeable growth
in the number of customers that use our products to enhance their
internet presence and capabilities. Our new model focuses on
partnering with those clients who can benefit by using our internet
marketing expertise to grow their internet traffic and sales. While
we are patterned after several large and successful internet
marketing sites we are also in the unique position of being able to
provide a complete suite of products that facilitate transacting
business over the internet in addition to helping our clients drive
potential customers to their websites. By aligning ourselves with
these customers we have an added revenue stream from the increased
sales these customers will experience,� 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 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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