Pacific WebWorks Touts Growth

Pacific WebWorks, Inc. recently announced that activity in the small and home-based business market continues to be favorable to the company.

In a release on August 27, the Company noted that as previously announced, it expects sales to grow over 160 percent this year to in excess of $24 million, up from $9.2 million in 2008.

Many factors are contributing to this, including the company's competitive product and technology advantages giving users more control of their Web presence and e-commerce applications, our significant increase in sales and marketing and the increasing number of home-based businesses. Additionally, internet sales as a percentage of worldwide commerce continue to increase.

"We believe we have always had a superior product, but have seen a dramatic upswing in sales recently due to more productive marketing, allowing more potential customers to find out about our products. It took the company nearly two years to grow annual revenues from approximately $5 million to $9 million. We have now grown from that level to nearly $9 million in quarterly revenue in just the last few months. We have had eight consecutive quarters of profitability and look forward to higher levels of profitability going forward. We intend to continue to take advantage of current market conditions to drive revenue growth and escalate profitability for the company," stated Ken Bell, CEO.

Pacific WebWorks provides a suite of software programs for small businesses that want to create, manage, and maintain an effective Web strategy including full e-commerce capabilities.

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