Amwest Technology Announces Completion of Joint Venture With eMarketTeam
November 18, 2011
Los Angeles, CA (RPRN) 11/18/11 — Amwest Imaging Incorporated (OTCBB: AMWI) is pleased to announce it has officially completed and signed a marketing and technology Joint Venture with eMarketTeam Holdings, LLC.
The eMarketTeam alliance will service and provide Amwest users with a powerful web based platform for their existing customer base and ensure future customer growth. In addition, eMarketTeam, an innovative and renowned provider of technology and marketing solutions, will provide supporting customer service, technical support, and insight into new sectors, markets and support.
This will allow Amwest to continue to make significant strides towards achieving greater user and revenue growth. Amwest has estimates of revenues from this expanded division alone that should exceed $12 Million in annual re-occurring revenue while following industry estimated growth of 16.6%.
eMarketTeam Holdings has demonstrated consistent growth and technology dominance in the "Do-it-Yourself" website building industry ("DIY"). The Multi-Billion Dollar DIY industry continues to strengthen with powerful partnerships within the industry. eMarketTeam will partner and support Amwest technologies to provide a powerful technology service to the restaurant, and other industries; and introduce a DYI website solution tailored to industry specific demands.
"With competitors like 'Webs.com' with 40 million users, Wix.com with 8.7 million users, Weebly.com with 6 million users, and a multitude of others including GoDaddy.com offering Cloud and non-Cloud solutions, our partnership with eMarketTeam seemed a natural solution to achieving our goals of exponential growth," remarked President Jason Gerteisen.
The DIY website market is experiencing exponential growth, as is Cloud based technology worldwide; almost every business, organization, sports team, club and community organization needs a website and address, just as previous generations needed a mailbox; and many have just a small budget to work with. Amwest now has what experts would strongly consider the most innovative and advanced web platform available to an end user in an ever-expanding marketplace.
Jason Gerteisen, President of Amwest, commented, "We are excited to have this strategic alliance with eMarketTeam as they are an industry leader in marketing solutions. Our goal is to grow our customer base from its existing level, and this partnership will surely go a long way in achieving this goal."
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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