Pacific WebWorks Continues Growth for Q2 2009
July 09 2009 - 8:30AM
Business Wire
Pacific WebWorks, Inc. (OTCBB:PWEB) announced today that the
company is experiencing greater revenue growth than earlier
forecast. In June, the company forecast revenue for the 2009 second
quarter of approximately $5 million; a 100% growth rate compared to
the 2008 second quarter and a 55% sequential growth rate from the
2009 first quarter. Based on initial numbers for the 2009 second
quarter, it appears that the company will substantially exceed
these numbers, resulting in a minimum of 100% sequential growth for
the 2009 second quarter compared to the 2009 first quarter.
�The company is continuing to see positive results from its new
marketing campaign. For the full year the company now anticipates
100%+ growth year over year 2008 to 2009, compared to the 70-80%
growth rate originally forecast. Accordingly, the company expects
to also exceed the $16-$18 million revenue number originally
forecast for the year. We will continue to give updated guidance as
the company moves forward,� 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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