| [January 09, 2013] |
 |
Pacific WebWorks, Inc. 2013 New Year Update
SALT LAKE CITY --(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 (News - Alert)
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
internationa 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 (News - Alert) 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.

[ Back To TMCnet.com's Homepage ]
|