Pacific WebWorks Reports Results of New Marketing Strategies.SALT LAKE CITY -- Pacific WebWorks, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PWEB) today reported customer acquisitions related to its new online marketing strategies. As explained in the Management Discussion section of the company's September 30, 2006 10-Q it is seeking more cost effective, less risky methods of selling its portfolio of software products and related services. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ken Bell stated, "Since discontinuing our nationwide sales events Noun 1. sales event - an occasion (usually brief) for buying at specially reduced prices; "they held a sale to reduce their inventory"; "I got some great bargains at their annual sale" cut-rate sale, sale in mid summer of 2006 we have been refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar a highly focused online marketing strategy designed to acquaint large numbers of potential customers with our products and services, without the excessive risk and large capital outlays capital outlay See capital expenditure. that accompany a fully staffed, traveling nationwide sales approach. Over the past 90 days we have begun to see the results of our efforts, generating over 5000 new customers during that period." Bell continued, "These customers have been generated at a fraction of the cost of our previous customer acquisition model and have contributed to significant growth in our monthly hosting fees, which have more than doubled over the period. While this more cost effective approach will result in decreased revenues over the short run it should result in increased earnings per share for 2007. We are very encouraged by the initial results of our new strategy and will continue to develop new product packages and media sources." 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 Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. IntelliPay develops and provides trusted electronic transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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