Pacific WebWorks, Inc., www.pacificwebworks.com, (OTCBB:PWEB) announced today that the company continues to perfect their new marketing program which offers prospective customers the opportunity to receive a tutorial on the product and interact with the company during the buying process.
CEO Ken Bell stated, "Visual WebTools continues to be one of the premier online software products for small businesses in the marketplace. We expect our new, more interactive marketing approach to result in a more informed buyer who will be better equipped to employ our technologies into their online business. As a result, we expect future revenues to be more stable. We anticipate revenues to accelerate during the second half of the year with continued profitability.”
Bell continued, “During the first six months of 2010 the company has focused on stabilizing profitability, servicing current customers and developing our new multi-tiered marketing program. We expect new customer acquisition in the future to be derived largely from our new direct contact marketing program. With our strong balance sheet, a current ratio in excess of 10x, tangible book value of nearly double our current market capitalization and strong historical earnings, we are positioned to continue to take advantage of opportunities in the marketplace.”
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.