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Pacific WebWorks Upgrades Growth Forecast for 2009 Date : 09/15/2009 * 6:00AM Source : Business Wire Stock : Pacific WebWorks, Inc. (PWEB) Quote : 0.23 0.0 (0.00%) * 2:05AM
Pacific WebWorks Upgrades Growth Forecast for 2009
Pacific WebWorks, Inc. (OTCBB: PWEB) announced today that the company is experiencing stronger revenue growth than earlier forecast for 2009. The company is continuing to experience record monthly revenues and is now comfortable upgrading its full year forecast.
Last year the company generated $9.2 MM in revenue and previously anticipated $23-$24 MM for the full year ending December 31, 2009. The company now believes that 2009 revenue will be between $26-$28 MM.
“The company continues to enjoy better than previously forecast results. For the full year 2009 the company now anticipates 180%+ revenue growth over 2008 total revenue, compared to the 150% growth rate previously forecast. The company also anticipates record earnings for 2009. We are eager to announce 3rd quarter 2009 earnings in mid-November and are excited about our continued growth,” stated Ken Bell, CEO.
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.
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