Pacific WebWorks Reports 2009 Financial Results
April 08 2010 - 6:00AM
Business Wire
Pacific WebWorks, Inc. www.pacificwebworks.com (OTCBB:PWEB)
today announced its 2009 full year financial results.
The company reported revenues of $29,817,087 with earnings per
share of $.11 per share for the fiscal year ended December 31,
2009. This compares with earnings per share of $.01 per share for
the year ended December 31, 2008.
CEO Ken Bell stated, "As you can see from these financial
results our product, Visual WebTools, continues to be one of the
premier online software products for small businesses in the
marketplace. Our comprehensive suite of tools includes affordable,
easy-to-use software programs used by small businesses that want to
create, manage and maintain an effective web presence. The company
recently released Web Wizard Version5 and will release upgrades to
additional components of VWT later this year.
"Additionally, we continue to develop our marketing strategies
to meet current market demands. During 2010, as we go through this
transition, our revenues may decrease when compared to 2009, but
with increased profit margins. Revenue growth will likely commence
later this year or early 2011. The company remains excited about
the future and anticipates a profitable first quarter 2010."
Pacific WebWorks, Inc.’s full public filing can be found at
www.sec.gov.
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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