Pacific WebWorks Updates Marketing Efforts
June 24 2010 - 11:52AM
Business Wire
Pacific WebWorks, Inc., www.pacificwebworks.com, (OTCBB:PWEB)
announced today that the company continues to perfect their new
marketing program which offers prospective customers the
opportunity to receive a tutorial on the product and interact with
the company during the buying process.
CEO Ken Bell stated, "Visual WebTools continues to be one of the
premier online software products for small businesses in the
marketplace. We expect our new, more interactive marketing approach
to result in a more informed buyer who will be better equipped to
employ our technologies into their online business. As a result, we
expect future revenues to be more stable. We anticipate revenues to
accelerate during the second half of the year with continued
profitability.”
Bell continued, “During the first six months of 2010 the company
has focused on stabilizing profitability, servicing current
customers and developing our new multi-tiered marketing program. We
expect new customer acquisition in the future to be derived largely
from our new direct contact marketing program. With our strong
balance sheet, a current ratio in excess of 10x, tangible book
value of nearly double our current market capitalization and strong
historical earnings, we are positioned to continue to take
advantage of opportunities in the marketplace.”
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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