Pacific WebWorks Update
March 31 2011 - 12:46PM
Business Wire
Pacific WebWorks (OTCBB: PWEB) filed a notification of late
filing of its 2010 10-K today. The company also reported on its
progress in pursuit of an updated business model.
Pacific WebWorks is unable to file Form 10-K for the period
ended December 31, 2010 within the prescribed time period without
unreasonable effort or expense. Due to the challenges associated
with the recent change of its independent public registered
accounting firm and the departure of its CFO, the company will
release earnings after the standard filing date of March 31st, but
no later than April 15, 2011.
Pacific WebWorks continues to focus on synergistic business
acquisitions and partnerships. The company is currently in the
process of evaluating and cultivating several opportunities, as
well as working to develop additional means of capitalizing on its
current technologies.
Ken Bell, the company’s CEO, stated, “Pacific WebWorks continues
to make progress on identifying opportunities to fully capitalize
on its financial strength and experienced management. The company
is currently evaluating several investments and partnerships that
have the potential to build value for our shareholders.”
Bell continued, “The financial condition of the company
continues to be strong and the company is profitable. While gross
revenues are down we continue to have a base of loyal customers in
the existing business and look forward to adding additional sources
of income in the near future. We are optimistic as we examine new
and innovative ways to employ the company’s assets to build
shareholder value.”
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.
Heyu Biological Technology (PK) (USOTC:HYBT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Heyu Biological Technology (PK) (USOTC:HYBT)
Historical Stock Chart
From Jul 2023 to Jul 2024