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Article: Pacific WebWorks Update.
- Article from:
- Business Wire
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SALT LAKE CITY -- 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 ...