LAS VEGAS, Aug. 24, 2009 (GLOBE NEWSWIRE) -- Last week, Fed Reserve chief Ben Bernanke said that the U.S. economy is nearing recovery, exceeding expectations and fueling a run in the stock market that appears to be carrying forward into this week. Today, Pacific WebWorks, Inc. (OTCBB:PWEB) surprised investors with bullish news of its own, reporting that the company's profitability for the third quarter of 2009 will likely exceed total profitability for the first two quarters combined, drawing an interesting parallel between its success which is based on creating e-commerce solutions for enterprise, and Bernanke's remarks.
A report focusing on Pacific WebWorks, Inc. (OTCBB:PWEB) and of interest to e-commerce facilitators eBay Inc. (Nasdaq:EBAY), Amazon Inc. (Nasdaq:AMZN), IBM (NYSE:IBM), and CSC (NYSE:CSC) is available at www.SmallCapSentinel.com/pweb.
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. Recently, Pacific WebWorks reported that they now believe that full-year revenue will be $23-$24 MM, sending a message to the market that things are going well at the company that bills itself as a one stop shop for businesses that want to get on the Internet.
Pacific WebWorks(TM) was founded in 1997, and is located in Salt Lake City, Utah. The company develops business software technologies and solutions for small and medium sized businesses that want to use the Internet as part of their business strategy. Because working with computers and doing business on the Internet does not come "naturally" to most people, the company has developed an affordable and comprehensive "one-stop" Internet solution.
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Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCapSentinel.com is property of Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies haven't always approved the statements made in this report. This report is neither a solicitation to buy nor offer to sell securities and is for information purposes only and shouldn't be used as basis for investment decisions. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. IMI has been paid $25,000 for this report and other services by Emerging Markets Consulting (EMC), a financial relations consultant to Pacific WebWorks (PWEB). Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies.
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