Pacific WebWorks Reaches Agreement in Legal Action
SALT LAKE CITY, Dec 21, 2009 (BUSINESS WIRE) -- Pacific WebWorks, Inc. (OTCBB: PWEB) announced today that the company has reached an agreement with Google, Inc. to settle the trademark infringement complaint filed by Google in the U.S. District Court for the District of Utah on December 7, 2009.
At a hearing in the United States District Court, Central Division of Utah held on December 16, 2009, counsel advised the Court that the parties had reached an "agreement in principle" to settle the lawsuit under terms of which Pacific WebWorks would cooperate with Google's request for expedited discovery.
Kenneth W. Bell, CEO, stated, "We are pleased to have reached this agreement with Google. The company is cooperating and assisting Google in its discovery request. We understand how important our company's reputations are and we will do our part to help resolve these issues. With 2010 rapidly approaching, the company looks forward to resolving these issues and turning its attention to refining its business model and to providing excellent products and services to the market now and into the future."
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 operates a number of wholly owned subsidiaries including IntelliPay, TradeWorks Marketing and others.
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