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Amwest Imaging Incorporated Completes Successful Acquisition of Instant Website Technology, Which Triggers Immediate Growth Strategy Aimed at Multi-Billion Dollar Cloud Based Sector(November 17, 2011)
LOS ANGELES, CA -- (Marketwire) -- 11/17/11 -- Amwest Imaging Incorporated (OTCBB: AMWI) is pleased to announce they have completed the final acquisition of all of the outstanding shares of Instant Website Technology Inc. (the "Company").
Instant Website Technology Inc. is a "cloud software" Company whose primary business is providing relationship building tools and processes that help any business cultivate profitable relationships with customers, all through web based Cloud solutions. With the acquisition of Instant Website Technology Inc., Amwest Imaging has immediately implemented an aggressive growth strategy to capitalize on the explosive growth in the Cloud Computing (SaaS) sector of the market.
According to Susan Eustis, "Customers consolidating on System z virtualized systems are benefiting from the reliability, availability and serviceability of IBM System z servers. z/VM offers platforms for consolidating select UNIX, Windows, and Linux workloads on a single physical server."
Virtualization software for a cloud service market forecasts indicate that markets at $5.8 billion in 2010 are anticipated to reach $16 billion by 2017. This is in addition to a June 22, 2010 study, which stated cloud services revenue is forecast to reach $68.3 billion in 2010, which is a 16.6% percent increase from 2009 revenue of $58.6 billion, according to Gartner, Inc.
The industry is poised for strong growth through 2014, when worldwide cloud services revenue is projected to reach $148.8 billion. "We are seeing an acceleration of adoption of cloud computing and cloud services among enterprises and an explosion of supply-side activity as technology providers maneuver to exploit the growing commercial opportunity," said Ben Pring, research vice president at Gartner. "The scale of application deployments is growing; multi-thousand seat deals are increasingly common. IT managers are thinking strategically about cloud service deployments; more-progressive enterprises are thinking through what their IT operations will look like in a world of increasing cloud service leverage. This was highly unusual a year ago."
Gartner estimates that, over the course of the next five years, enterprises will spend $112 billion cumulatively on software as a service (SaaS), platform as a service (paaS), and infrastructure as a service (IaaS), combined.
"After many years of germination, most notably in the (SaaS) arena, the core ideas at the heart of cloud computing -- such as pay for use, multi-tenancy and external services - appear to be resonating more strongly," Mr. Pring said. "In part, this can be explained by macroeconomic factors. The financial turbulence of the last 18 months has meant every organization has been scrutinizing every expenditure. An IT solution that can deliver functionality less expensively and with more agility (remembering that time is money) is hard to ignore against this backdrop."
Instant Website Technology Inc. is a "cloud software" Company whose primary business is providing relationship building tools and processes that help any business cultivate profitable relationships with customers; all through web based solutions.
These web based solutions were acquired by the Company specifically for businesses in need of a website and related online search engine & mobile marketing tools. The primary component of this web based solution is an on-demand fold out turn-key website for immediate use, as well as innovative mobile marketing solutions that meet the needs of small business.
The technology provides powerful niche website presences for small business that attract and engage customers at a personal level delivering advertisements and marketing via email, online, and mobile.
The initial application for the Company's technology is www.myrestaurantweb.com, with additional applications coming online in the forthcoming months. Myrestaurantweb.com specifically address the needs of the restaurant/hospitality industry; it provides restaurant properties that require a website or mobile marketing, and a strong emphasis of marketing and attracting new customers.
The Company derives its revenue by charging a basic monthly fee of $49.99 for anyone wanting to build, develop and maintain a website. Following the website creation, design, and listing online, the client can utilize additional online tools to develop a marketing plan for its customer base implementing SMS technology ("texting") and email marketing which is a must-have in today's social networking environment.
Although the initial application for the company's technology is www.MyRestaurantWeb.com, there are additional websites in beta testing for an online launch in the forthcoming months
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
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Amwest Imaging Incorporated
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