Pacific WebWorks 2009 Accomplishments
April 20 2010 - 6:00AM
Business Wire
Pacific WebWorks, Inc., www.pacificwebworks.com,
(OTCBB: PWEB) today discussed its 2009 accomplishments and its
vision for 2010.
2009 was a breakout year for PWEB, achieving record performance
in many areas. There were several significant items that
contributed to this success, including
- Enhanced VOIP based computer and
phone system increased productivity and allowed for most
information to be stored digitally
- Improved billing system to allow
the company to be more efficient and to track detail of customers
and profitability on a real-time basis
- Preparation for the release of
Web Wizard 5, which was subsequently released in February of 2010.
Version 5 includes more features and greater ease of use.
Additionally, Version 5 is now compatible with multiple operating
systems, increasing the size of the potential customer base.
- Purchase of our current office
building and one next door, allowing for additional expansion as
the company grows.
- Increased customer base and
loyalty. Retention rates have improved and customer complaints, on
a percentage basis, have decreased.
CEO Ken Bell commented, “The Company looks forward to again
providing quality products and services to our customers during
2010. We are working closely with our marketing partners and
customers to ensure continued success. As a public company for
several years, we understand we must concentrate on transparent and
consistent communication with shareholders and delivering the
highest possible shareholder value. During 2009 we felt it was in
our best interest to concentrate on enhancing our infrastructure
and growing our revenues. During 2010, the company will utilize
this infrastructure to drive increased profitability. Given the
many changes taking place in our industry we are focusing on
further developing our strategies and expect to continue to deliver
positive results throughout 2010 and into 2011 and beyond.”
About Pacific WebWorks and Intellipay
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, an internet gateway
company 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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