PortfolioPlus S&P 500 ETF (AMEX:PPLC)
Historical Stock Chart
From May 2019 to May 2024
PPOL Expands Board of Directors; Majority Independent Board
Members Added
ORANGE, Calif., July 12 /PRNewswire-FirstCall/ -- PPOL, Inc. (OTC:PPLC)
(BULLETIN BOARD: PPLC) today announced the addition of Robert Brasch, 66,
Naota Hamaguchi, 44, Lowell Hattori, 66, and Yoshikazu Ohashi, 63, to the Board
of Directors of PPOL, Inc. These additions bring the total number of directors
to seven, with a four-member independent majority. This is an important move
that aligns the Company's corporate governance practices into compliance with
national stock exchange guidelines and in general conforms the Board to best
corporate governance practices.
PPOL's Board of Directors
Mr. Robert Brasch has over 30 years of business and banking experience. He
began his career in banking and in 1983 became the founding president and CEO
of World Trade Bank. In 1987 Mr. Brasch founded Pacific Partners, Inc. where
he continues today as its President to identify and develop new business
opportunities for Asian companies in the United States and for American
companies in Asia, particularly focusing on strategic alliances between
Japanese and American companies. Mr. Brasch is a graduate of Columbia
University and is fluent in English, German and Japanese.
Mr. Naota Hamaguchi is Founder, President and CEO of JCI, an international
consulting firm with offices in Tokyo, Japan and Dallas Texas, specializing in
assisting companies conduct business, primarily in Japan and the U.S., and
startups expanding their business on a global business. He has also assisted
15 startups go public in the US and Japan. Prior to forming JCI in July, 1992,
he was associated with Price Waterhouse for two years and KPMG Peat Marwick for
eight years in Dallas, Texas where he assisted Japanese companies doing
business in the US. He serves as Board member on various non-profit
organizations dedicated to promoting business and friendship between the US and
Japan. Mr. Hamaguchi received his Masters degree from the University of Texas
in Management and Administrative Sciences and his BBS from Soka University.
Mr. Lowell Hattori is the Founder and Principle of Hattori & Associates which
provides international trade and business consultation to firms seeking
diversification into overseas markets. Mr. Hattori is a CPA with in depth
knowledge in financial, planning and operational matters gained in his public
accounting and private industry experiences. Mr. Hattori led Fortin
Industries, Inc. into the U.K, France and Tokyo after which Westinghouse
Electric Corporation acquired the company due to its success. Mr. Hattori was
also a Director of the Japanese Practice Unit of Price Waterhouse where his
main function was business development of Japanese companies in the United
States. Mr. Hattori earned an MBA from UCLA and holds a BS degree from Widener
University.
Mr. Nobuo Takada joined Daiwa Securities in 1970 as a staff analyst in the
Research department and has held various positions in research, corporate
finance, trading and information systems at Daiwa Securities offices in Kyoto,
Tokyo, and Geneva, Switzerland. In 1992, Mr. Takada founded Aston Holdings, an
investment firm in Tokyo, Japan. In 1996, Mr. Takada formed Boston Advisory
Services, an investment advisory firm in Tokyo, Japan, where he currently
serves as its CEO. Mr. Takada is the CEO of Leo Global Fund, which holds
approximately 36% of PPOL's common shares. Mr. Takada holds an MBA from
Indiana University and a B.S. in Economics from Doshisha University.
Mr. Yoshihiro Aota has been the President and a director of AJOL since 1994 and
is a driving force behind AJOL's membership growth in the Acube community.
Prior to AJOL, Mr. Aota worked for Forval Corporation which is the majority
shareholder in PPOL, Inc. While at Forval Corporation, Mr. Aota directed
Forval's business strategy, PC business and NW business. Prior to Forval
Corporation, Mr. Aota was in charge of business planning and administration of
Katena Corporation, a Japanese Corporation. Mr. Aota holds a Bachelor of
Science degree from Tokyo University.
"We are pleased with the quality of independent board members that have joined
the Company at this important period as we begin execution of our new growth
strategy and prepare to launch our first partnered technology in Japan," said
Nobuo Takada, chairman and chief executive officer. "Messrs. Brasch, Hamaguchi,
Hattori, and Ohashi, bring significant business experience to PPOL and their
support will be key to our future growth."
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
organization, Acube, which is sponsored by AJOL through conferences and
speaking engagements conducted by AJOL's President and CEO, Yoshihiro Aota. 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 distributors of Acube and MOJICO hardware and 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 be quickly introduced into Japan
thereby creating a significant lead over competitors. Via PPOL's network in
Japan, software products can be localized and sold with local support provided
either by PPOL staff or its 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: Ina McGuinness, or Zachary Bryant, , both of
Lippert-Heilshorn & Associates, +1-310-691-7100, for PPOL, Inc.
Web site: http://www.ppolusa.com/