Pacific WebWorks Dismissed from Lawsuit
June 28 2010 - 9:35AM
Business Wire
Pacific WebWorks, Inc. (OTCBB:PWEB) today announced that a
Stipulated Final Judgment and Order for Permanent Injunction was
entered in the U.S. District Court for the District of Utah in the
Google, Inc. vs. Pacific WebWorks, Inc. matter.
CEO Ken Bell commented, “We are very pleased to have this behind
us. We have devoted a great deal of time and energy to resolving
this situation and are anxious to return to the business of growing
our company responsibly and profitably through our new marketing
program. We appreciate our shareholders' patience and understanding
as we deal with the many details involved in the development and
marketing of our products to small business users.”
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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