Pacific WebWorks Continues Growth
August 27 2009 - 8:00AM
Business Wire
Pacific WebWorks, Inc. (OTCBB:PWEB) announced today that
activity in the small and home-based business market continues to
be favorable to the company. As previously announced, the company
expects sales to grow over 160% this year to in excess of $24
million, up from $9.2 million in 2008.
Many factors are contributing to this, including the company's
competitive product and technology advantages giving users more
control of their Web presence and e-commerce applications, our
significant increase in sales and marketing and the increasing
number of home-based businesses. Additionally, internet sales as a
percentage of worldwide commerce continue to increase.
“We believe we have always had a superior product, but have seen
a dramatic upswing in sales recently due to more productive
marketing, allowing more potential customers to find out about our
products. It took the company nearly two years to grow annual
revenues from approximately $5 million to $9 million. We have now
grown from that level to nearly $9 million in quarterly revenue in
just the last few months. We have had eight consecutive quarters of
profitability and look forward to higher levels of profitability
going forward. We intend to continue to take advantage of current
market conditions to drive revenue growth and escalate
profitability for the company,” 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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