AMWEST IMAGING INC (OTC: AMWI) announce that they have completed the final acquisition of all of the outstanding shares of Instant Website Technology Inc.
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.
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% 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.
Amwest Imaging closed at $0.176 after soaring 486.67% on Thursday.
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