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Instant Website Technology and www.MyRestaurantWeb.com Announce Major Percentage Gains Over Previous Sales Period(December 02, 2011)
LOS ANGELES, CA -- (Marketwire) -- 12/02/11 -- Amwest Imaging Incorporated (OTCBB: AMWI) is pleased to announce a sales increase of more than 500%, by its recently acquired Instant Web Technologies (IWTI), and www.MyRestaurantWeb.com for the six month period ending June 30, 2011 from the previous year; which has exceeded company insiders' expectations.
"www.MyRestaurantWeb.com, a competitor of www.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," stated Amwest CEO Jason Gerteisen.
"In addition, www.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." (http://www.forbes.com/sites/greatspeculations/2011/12/01/opentable-going-to-65-with-buyback-booming-business/?partner=yahootix)
As with recently acquired IWTI and www.Zipclik.com, and their submission to the Apple App store, MyRestaurantWeb.com has also started the application process to the Apple App Store.
IWTI's primary business is providing relationship building tools and processes that help any business cultivate profitable relationships with customers, all through web-based solutions. IWTI provides internet marketing through turnkey solutions, primarily through its website: MyRestaurantWeb.com. MyRestaurantWeb.com strives to provide powerful web presence technology to businesses that rely on customer communication and interactivity with their web properties.
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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