Pacific WebWorks, Inc. Changes Symbol

Business Wire, August 2, 1999

SALT LAKE CITY--(BUSINESS WIRE)--August 2, 1999--

Beginning August 3, 1999, the symbol for Pacific WebWorks, Inc. (OTC BB: PWEBE) will be changed to PWEB.

Following the filing of its Form 10 Registration Statement, counsel for Pacific WebWorks, Inc. formally requested a hearing under NASD Rule 4800 Series on the inclusion of the Company in the August 3rd delisting of issuers from the OTC Bulletin Board.

Pacific WebWorks, Inc. initiated its reorganization and name change from Asphalt Associates, Inc. prior to January 4, 1999. Counsel for the Company advanced the argument that the fact that Asphalt Associates, Inc. had changed its name and began the process of changing its trading symbol prior to the January 4th cut-off date constitutes good and sufficient cause to remove the Company from the list of issuers that are required to fulfill the newly imposed requirements of Rule 6530 on or before August 2, 1999. Companies that had trading symbols beginning with the letter "P" have until March 2000 to fulfill those same eligibility requirements. Pacific WebWorks, Inc. believes that it will have satisfied the Eligibility Rule prior to that date.

The NASD refused Pacific WebWorks, Inc.'s request for a hearing and strictly enforced the eligibility-delisting schedule that it first announced on January 20, 1999. In its correspondence with counsel for the Company, the NASD explained that it does not have the discretion to allow particular issuers to deviate from the previously announced phase-in schedule. The NASD went on to explain that once the Company complies with the Eligibility Rule, its securities may again be eligible to be quoted on the OTC Bulletin Board.

Pacific WebWorks, Inc. engineers business software technology for the Internet based on their proprietary source code. The company's premier product, Visual WebTools [TM], allows businesses to create, manage, maintain and edit a website by and for themselves without the costs and time delays traditionally associated with this process. The user of Visual WebTools [TM] can make changes and additions to their website instantly 24 hours a day, seven days a week.