Pacific WebWorks Update

Pacific WebWorks, Inc. (OTCBB: PWEB) announced today that consistent with the analyst report dated 10/10/09 the company expects revenues of at least $28.5MM in 2009, representing a growth rate of 210% of 2008 revenues of $9.2MM. The market for application software is expected to grow at a healthy rate during the next five years, including the small-to-medium-sized segment of this market, which is expected to grow at a higher pace driven by low penetration of these services and growing demand.

"We expect substantially improved before tax net profit margins in the third quarter. Historically the company has maintained net profit margins in the 4-6% range. The company believes that it should be able to approach and maintain near double digit net margins going forward. Third quarter numbers should initiate this trend. We will release quarterly results in mid-November, and we plan to host a conference call to address questions," stated Ken Bell, CEO.

The analyst report can be viewed at www.grassrootsrd.com.

About Pacific WebWorks, IntelliPay and TradeWorks Marketing

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, TradeWorks Marketing 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, 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.

SOURCE: Pacific WebWorks, Inc.

Pacific WebWorks, Inc. 
Brett Bell, CFO, 801-578-9020 ext. 122 
or 
Chesapeake Group 
Kevin Holmes, 410-825-3930

Related terms: ceo, conference, credit card, ecommerce, hosting, market, marketing, net profit, software, tax, web