Pacific WebWorks, Inc. (OTC Pink Tier: PWEB.PK) this week filed its amended Form 10-K for the year ended December 31, 2010.

The Company reported Revenues of $8,568,635, Income before income taxes of $455,187, with Net Income of $46,811 for the year ended December 31, 2010. The Company also reported Total Assets of $11,320,152 as of December 31, 2010. Included in the filing was a listing of Subsequent Events which outlines the new business opportunities the Company has become involved with in 2011. The Company plans to provide additional information on these opportunities in subsequent releases.

Company President and CFO Lance Bell stated, "Despite the business and marketing challenges in 2010, the Company was able to manage its costs in order to remain profitable and achieve pre-tax Income of $455,187. The Company's balance sheet at the end of 2010 remains strong and we are pleased with the progress we made in 2011 toward utilizing that strong balance sheet to enter into new business opportunities."

Bell continued, "Completing the 2010 audit has been a large initiative given the challenges that our past accounting firm encountered. Our focus now moves to completing the reviews of our 2011 quarterly reports so that we can bring the Company current in its periodic reports enabling the Company to trade again on the OTC Bulletin Board. We believe that Pacific WebWorks is well positioned to develop and grow its businesses and we are optimistic about the future as we begin a new year."

About Pacific WebWorks and Intellipay

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, a nationally recognized internet gateway, TradeWorks Marketing and others.

Forward-Looking Statements

All statements other than statements of historical fact included in this press release are forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and other similar expressions as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. These statements are not a guarantee of future performance. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including the Company's ability to maintain sufficient credit card processing capabilities to service the demands of their hosting portfolio and other risk factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2010 as filed with the Securities and Exchange Commission. Such statements reflect the current view of the Company's management with respect to future events and are subject to these and other risks, uncertainties and assumptions related to the operations, result of operations, growth strategy and liquidity of the Company. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this paragraph. The Company has no intention, and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

Pacific WebWorks, Inc.
Investor Relations, 801-578-9020
ir@pacificwebworks.com