LAS VEGAS, Oct. 21, 2009 (GLOBE NEWSWIRE) -- A research report published by Grass Roots Research and Distribution, Inc. focusing on Pacific WebWorks, Inc. (OTCBB:PWEB) and of interest to investors of e-commerce facilitators Ariba, Inc. (Nasdaq:ARBA), Oracle (Nasdaq:ORCL), eBay Inc. (Nasdaq:EBAY), and Microsoft (Nasdaq:MSFT), is available at http://www.grassrootsrd.com/pweb-report.pdf
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From the report: Pacific WebWorks (PWEB.OB) is an exciting company that is growing rapidly and is well-positioned to become the market leader in the small to medium-sized application software market. Through its wholly owned subsidiaries Intellipay, Inc. and TradeWorks Marketing, Inc., Pacific assists small businesses in succeeding online through its Visual WebTools software, including its eBay submission tool, the Intellipay payment systems and its hosting services. The Company has established a strong growth strategy that focuses on adding customers, products and services, as well as through international expansion of its business model.
We expect significant growth potential for Pacific's products and services because it is one of the well positioned players in the potentially multi-billion dollar to medium-sized application software market. Industry growth drivers are the untapped market segment, complex work structure, growing importance of e-commerce and low cost end-to-end solution requirements. PWEB's management is well equipped with its ability to drive growth and rapidly evolve the Company through its start-up phase.
Revenues are expected to grow from $28.5 million for Fiscal Year End (FYE) December 31, 2009 to more than $61.1 million by FYE 2013. Note: our projections assume that the Company will expand its presence only in domestic (United States) market strictly based on organic development. Neverthelesss, any additional investment in acquisitions or geographical expansion will significantly improve its financial performance. The Company may have to raise capital to meet our projections.
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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. Chesapeake Group has paid $7,500 for the research report/released/advertisement referred to and quoted herein.