|[October 15, 2013]
Pacific WebWorks, Inc. Business Update
SALT LAKE CITY --(Business Wire)--
Pacific WebWorks, Inc. (OTCBB: PWEB) announced today that its internet
technology business added over 5,000 new customers, net of
cancellations, during the third quarter of 2013. The Company has
obtained new customers for its software products across multiple
international markets since launching its marketing efforts during the
second quarter of 2013.
Lance Bell, CEO, stated, "We are pleased to report the progress of our
internet technology business. Our focus has been on the continued
improvement of our software suite and taking our products to new markets
where we believe there is substantial opportunity."
Bell continued, "We have begun to penetrate a number of international
markets and to establish the value proposition for our products and
service. Our marketing program continues to expand as we identify new
opportunities and methods for reaching our target customers."
Bell concluded, "We are optimistic about the current state of the
business and encouraged by the progress we are making toward building
value for our shareholders. We believe that Pacific WebWorks is well
positione for growth and look forward to continued progress toward
achieving the Company's goals."
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.
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, 2012 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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