Pacific WebWorks Discusses Infrastructure Improvements
December 03 2009 - 6:00AM
Business Wire
Pacific WebWorks (OTCBB: PWEB) announced today that it has
executed a new contract with XO Communications Services, Inc. to
upgrade its physical Internet infrastructure.
Under the terms of the agreement XO Communications (OTCBB: XOHO)
will install new fiber optics and electronics into PWEB’s location
that will provide four times more bandwidth than the company has
with its existing provider. As the company prepares for the
continued growth of its new subscriber client base, additional
infrastructure requirements are needed to provide its clients with
the best possible service. Construction is scheduled to start in
December 2009 and be completed in early January 2010.
CEO Ken Bell stated, “Given our experience with our current
fiber provider the company has made the decision to transition our
account from Verizon to XO. We are constantly seeking the most
compatible partners to facilitate moving our business forward and
believe XO makes sense for our business at this time.”
Bell continued, “The company is enjoying a strong fourth quarter
and expects to exceed our previously announced projected revenue
numbers for the year while continuing to deliver profitability. The
company has received notice of two civil actions related to sales
in the ordinary course of business, and the company intends to
vigorously defend itself against these questionable claims. We are
also aware of the negative commentary about the company in the
marketplace in spite of the company’s continued success. The
company intends to continue to focus on its business and provide
excellent products and services to the market as it has over the
past 10 years.”
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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