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PPOL Announces Resignations of Yoshihiro Aota and Nobuo Takada
LOS ANGELES, Dec. 14 /PRNewswire-FirstCall/ -- PPOL, Inc. (OTC:PPLC) (BULLETIN
BOARD: PPLC) today announced the resignations of Yoshihiro Aota as Chief
Operating Officer and a Director of PPOL and Nobuo Takada as a Director of
PPOL, effective immediately. Mr. Aota also resigned his position as President
and CEO of the Company's AJOL subsidiary, effective December 31, 2004.
Hideo Ohkubo, Chairman and Chief Executive Officer of PPOL, stated, "We believe
that there will be no material adverse affect on the day-to-day operations of
AJOL in connection with Mr. Aota's resignation and that the current officers of
AJOL are fully capable of effectively and efficiently managing AJOL consistent
with AJOL's policies, procedures and business model."
For more information please see today's related SEC filing on form 8-K.
About PPOL
PPOL, Inc. is a California-based holding company whose primary asset is AJOL of
Tokyo, Japan. AJOL actively promotes the interactions of the members of Acube,
an organization sponsored by AJOL. In addition, through their own
interactions, Acube members spread the word about MOJICO hardware and drive
growth of related services. Many members serve as MOJICO hardware members of
Acube and MOJICO hardware, and they develop membership businesses featuring
interaction and distribution of related products and services among all
members. Through the use of AJOL's MOJICO hardware, members can network and
communicate using hand-written Japanese characters, including Kanji whose full
meaning cannot be adequately communicated through the present fonts of a
computer. Members across Japan use the service to find other subscribers and
to establish interpersonal relationships, and access other services such as
insurance unique to Acube, mail order purchases, the handling of
partner-affiliated services, event planning, as well as products and services
offered under AJOL's Kamome brand.
In April 2004 PPOL announced its new strategy to grow the Company through the
early stage identification of proven and promising low-cost target U.S.- and
European-developed technologies that it can quickly introduce into Japan
thereby creating a significant lead over competitors. In November 2004, PPOL
launched the first two technologies licensed under this strategy: BridgeGate, a
Transformation and Exchange Infrastructure (TEI) that allows disparate data
systems to be rapidly connected together to share data, without requiring major
changes on either end, and which transforms that data from any format into any
other format, and FileShelter, an antivirus and information security software.
Via PPOL's GateFor subsidiary in Japan, U.S.- and European-developed
technologies can be localized and sold by franchisees or marketing partners.
Certain information contained herein includes information that is
forward-looking. The matters referred to in forward-looking statements may be
affected by the risks and uncertainties involved in the Company's business.
These forward-looking statements are qualified in their entirety by the
cautionary statements contained in the Company's Securities and Exchange
Commission filings. Shareholders, potential investors and other readers are
urged to consider these factors in evaluating the forward-looking statements
and are cautioned not to place undue reliance on such forward-looking
statements. The forward-looking statements included herein are only made as of
the date of this news release, and PPOL undertakes no obligation to publicly
update such forward-looking statements to reflect subsequent events or
circumstances, except as required under applicable laws.
Investor Relations Contacts:
Ina McGuinness/Zachary Bryant
Lippert/Heilshorn & Associates
(310) 691-7100
DATASOURCE: PPOL, Inc.
CONTACT: Investor Relations, Ina McGuinness or Zachary Bryant,
, both of Lippert/Heilshorn & Associates, +1-310-691-7100, for
PPOL, Inc.