Pacific WebWorks Benefits from Current Economic Environment
July 21 2009 - 8:30AM
Business Wire
The current economic climate has been beneficial for Pacific
WebWorks, Inc. (OTCBB: PWEB), creating additional opportunities for
the company to deliver their products to small businesses seeking
ways to generate additional cash flows. The number of small
businesses has increased from 12 million to 15 million over the
last few years, with many of these being SOHO (small office/home
office) entrepreneurs that can utilize tools like those delivered
by Pacific WebWorks.
“There are multiple factors contributing to our success,
including our recently launched marketing campaign. While we
believe we have always had an exceptional product, many more people
are becoming aware of the quality tools included in our suite of
products, and therefore our customer growth is accelerating
swiftly. We believe that the current economic challenges have
contributed to this growth, as there are many more people that are
recently unemployed or looking for a second income but do not have
the resources to devote to an expensive product that may or may not
be what they need. We provide that opportunity for those with
limited capital to invest,” stated Ken Bell, CEO.
For more information on Pacific WebWorks products, please visit
www.pacificwebworks.com.
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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