Pacific WebWorks Discusses WebTools Revision
August 05 2010 - 6:00AM
Business Wire
Pacific WebWorks (OTCBB: PWEB) reported today that they have
completed the release of all components of Visual WebTools Version
5 with the exception of the Clip on Commerce piece which is in the
final stages of completion. This new version provides users of
PWEB’s Visual WebTools product with simplified methods of creating
and updating their websites as well as many expanded features.
Visual WebTools, PWEB’s landmark product, is a suite of software
programs that fit together to perform the basic functions useful to
a small business on the Internet. The product includes WebWizard,
ClipOn Commerce, WebContacts, WebChannels, Web Profiling Tool and
WebStats.
Ken Bell, CEO, stated, “With the completion of this upgrade to
our innovative technology, Pacific WebWorks can now continue to
deliver a quality product to its thousands of existing customers
and to our prospective customers. We continue to analyze both our
existing marketplace and new potential marketplaces where our
products and skill sets can be most profitably applied.”
Bell continued, "With the company’s current balance sheet
strength we are seeing new opportunities for our business model and
products. These opportunities could contribute to accelerated
revenues, cash flows and earnings significantly beyond the
company’s current levels during the coming quarters while also
expanding our markets. Our company’s management continues to look
for every opportunity to expand our current business model to
enhance the company’s revenues, profits and ultimately our
shareholder values.”
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, 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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