As reported in the company’s latest filing, it has formed Pacific WebWorks International, LTD, a United Kingdom limited company. Additionally, PWEB has engaged an agent and has made application to form Pacific WebWorks GmbH, an Austrian company to be seated in Vienna, Austria.
CEO Ken Bell reported, “As a company we see not only a vast English speaking overseas marketplace for our products, but also financial benefits to having subsidiaries formed in strategically located foreign countries. We continue to evaluate other overseas locations and may form additional subsidiaries as dictated by our overall marketing strategies.”
Bell concluded, “The growth that we have experienced during 2007 has been rewarding. We are positioning ourselves to have the best opportunity for continued growth. We believe that the inclusion of an international segment is important to our growth. Our emphasis continues to be the domestic market; however, all of these components will contribute to the continued growth of our revenues, recurring revenues and profitability in 2008 and beyond.”
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' wholly owned subsidiary IntelliPay develops and provides trusted electronic transaction processing and payment products and services.
Pacific WebWorks' wholly owned subsidiary TradeWorks Marketing is a sales and marketing organization created to market Pacific WebWorks and IntelliPay products.
Forward-Looking Statements
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The company's actual results could differ materially from expected results.
Pacific WebWorks, Inc., Salt Lake City
Brett Bell,
801-578-9020
