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Groovechild

12/07/11 7:57 AM

#4028 RE: MrDemas #4027

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Amwest Imaging Reports Sales
8 hours 37 minutes ago - Close-Up Media via Comtex
Amwest Imaging announced a sales increase of more than 500 percent, by its recently acquired Instant Web Technologies, and MyRestaurantWeb.com for the six month period ending June 30, from the previous year; which has exceeded company insiders' expectations.

"MyRestaurantWeb.com, a competitor of opentable.com, has attributed its explosive growth to the virtually monopolistic marketplace that is nearly dominated by Open Table, and its 20,000 restaurants and 250 million users," said Amwest CEO Jason Gerteisen, in a release.

"In addition, MyRestaurantWeb.com feels their recently launched mobile media marketing platform will give our early stage company the continued growth and competitive advantage needed to become a serious market share contender of companies like Open Table, currently trading at $36 per share, with Forbes Magazine calling for $65 per share this year."

MyRestaurantWeb.com has also started the application process to the Apple App Store.

((Comments on this story may be sent to newsdesk@closeupmedia.com))