Pacific WebWorks, Inc., a provider of a comprehensive suite of affordable, easy-to-use software programs for small businesses, recently announced that the company is expected to exceed its revenue growth forecast for the second quarter of 2009. The company, who operates a number of wholly owned subsidiaries, including IntelliPay and TradeWorks Marketing, expected second quarter 2009 revenue to reach approximately $5 million, a 55 percent growth rate from the first quarter of 2009 and a 100 percent revenue increase compared to the second quarter of 2009.
According to initial numbers for the second quarter of 2009, the company expects to substantially exceed these original forecasts. Senior management expects a minimum of 100 percent sequential growth for the second quarter of 2009 compared to the first quarter of this year, a 20 percent to 30 percent increase over original estimates.
Ken Bell, chief executive officer of Pacific WebWorks, Inc., stated, â€œThe company is continuing to see positive results from its new marketing campaign. For the full year the company now anticipates 100 percent-plus growth year over year 2008 to 2009, compared to the 70 percent to 80 percent growth rate originally forecast.â€ He concluded, â€œAccordingly, the company expects to also exceed the $16-$18 million revenue number originally forecast for the year. We will continue to give updated guidance as the company moves forward.â€