PPOL Licenses U.S. Middleware for Exclusive Distribution in Japan
June 01 2004 - 5:00PM
PR Newswire (US)
PPOL Licenses U.S. Middleware for Exclusive Distribution in Japan
ORANGE, Calif., June 1 /PRNewswire-FirstCall/ -- In keeping with
PPOL, Inc.'s (OTC:PPLC) (BULLETIN BOARD: PPLC) new growth strategy,
the Company today announced it has signed a licensing and exclusive
distribution agreement with Object Innovation, Inc., a
Florida-based, privately held provider of information technology
systems. Under the terms of the agreement, PPOL will license Object
Innovation's BridgeGate software, 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. To cater to the Japanese market, a
Japanese version of BridgeGate will be developed. Additionally,
PPOL has agreed to make an investment of $300,000 in the form of
purchasing 1,500 shares of Object Innovation's common stock,
representing 15% of Object Innovation's equity, subject to a
certain vesting schedule tied to revenues derived on the sale of
the BridgeGate software by PPOL. "We are pleased that Object
Innovation has chosen to partner with us for distribution of their
technology in Japan and anticipate great success as evidenced by
our capital investment in the company," said Nobuo Takada, Chairman
and Chief Executive Officer of PPOL. "Our development team is
currently working on translation and preparation of this software
for launch in the Japanese market and look forward to initiating
distribution of the technology this summer." PPOL is in the process
of establishing a wholly owned subsidiary in Japan to market and
distribute BridgeGate and other technology, for which it plans to
acquire exclusive Japanese distribution rights. The new subsidiary
will recruit seasoned veterans from other technology companies in
Japan to lead its marketing and distribution efforts in Japan.
Under the terms of the agreement, PPOL can start marketing the
products beginning July 15, 2004. About PPOL PPOL, Inc. is a
California-based holding company whose primary asset, heretofore,
is AJOL of Tokyo, Japan. AJOL sponsors and promotes the expansion
of its membership organization, Acube, 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 and develop membership businesses featuring
interaction and distribution of related products and services among
all members. Through the use 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 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 other
products and services. 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. For
further information please contact: investors, Ina McGuinness or
Zachary Bryant, , both of Lippert/Heilshorn & Associates,
+1-310-691-7100, for PPOL, Inc. DATASOURCE: PPOL, Inc. CONTACT:
investors, Ina McGuinness or Zachary Bryant, , both of
Lippert/Heilshorn & Associates, +1-310-691-7100, for PPOL, Inc.
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