Pacific WebWorks, Inc. 2013 New Year Update
January 09 2013 - 11:00AM
Business Wire
Pacific WebWorks, Inc. (OTCBB: PWEB) today released the
following business update.
As previously reported, in December of 2012 the Company
reorganized its management team with current Company President K.
Lance Bell assuming the additional role of CEO, James C. Roundy
being installed as Vice President of Sales and Marketing, and
Tanner J Purser as Controller. The Company expects the team’s
combined experience and expertise to enable them to provide strong
leadership in moving the business forward.
During 2012 the Company re-listed on the OTC Bulletin Board
exchange after having resolved the reporting issues it had
encountered. The Company also continued to expend resources to
defend against outstanding legal matters. As 2013 begins, Pacific
WebWorks believes it is well positioned for growth, having largely
resolved its former reporting and legal issues.
The Company is now focused on revitalizing its internet
technology business model. The market for Software as a Service
(SaaS) products was projected to grow at a robust 17.9% rate in
2012, according to a Gartner Research study (see
http://www.gartner.com/it/page.jsp?id=1963815), with the trend
expected to continue for years to come. The study highlights
Customer Relationship Management software, a key component of
Pacific WebWorks’ software suite, for strong anticipated growth in
international markets. The Company believes this demand creates an
attractive opportunity that it plans to aggressively pursue.
Lance Bell, Company CEO, stated, “We recognize the strong demand
for SaaS products, particularly in underserved and developing
markets, and believe that we are well positioned to serve those
customers. We have been working to expand our software offerings
and to establish an international framework which will enable us to
service the largest possible audience. During this process, our
technology suite and delivery mechanisms have matured and are
uniquely suited to provide immediate value to customers at a price
point that is suitable to the mass market.”
Bell concluded, “We also continue to test a variety of marketing
methods, with a focus on risk control, and believe that we have
been able to develop some good options for going to market on a
larger scale.”
“The future of Pacific WebWorks begins now. The management team
is excited about moving the Company forward. We are well positioned
for growth and committed to creating value for our shareholders. We
appreciate our many shareholders and look forward to an outstanding
2013.”
About Pacific WebWorks
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, our Internet
gateway, TradeWorks Marketing, Headlamp Ventures 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, 2011 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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