PPOL Names Hideo Ohkubo Chairman and CEO
July 28 2004 - 5:00AM
PR Newswire (US)
PPOL Names Hideo Ohkubo Chairman and CEO Nobuo Takada to Remain on
Board of Directors ORANGE, Calif., July 28 /PRNewswire-FirstCall/
-- PPOL, Inc. (OTC:PPLC) (BULLETIN BOARD: PPLC) today announced the
appointment of the company's founder and Honorary Chairman, Hideo
Ohkubo, 49, to the board of directors as Chairman and to the
position of Chief Executive Officer. He succeeds Nobuo Takada who
will focus on his other business interests, while remaining a
Director of PPOL. "As founder of PPOL, I am pleased to be taking an
active role in the Company at this important time as we establish
our new subsidiary, GateFor, to launch the Japanese version of the
BridgeGate software recently licensed from Object Innovation," said
Hideo Ohkubo, Chairman and Chief Executive Officer of PPOL.
"BridgeGate is now being translated and integrated with security
software to meet the needs of the Japanese market and we expect to
launch the product in October of this year." Mr. Ohkubo continued,
"PPOL has made significant progress under Nobuo Takada's
leadership. We are pleased that he will remain on our board of
directors and thank him for his continued support." Mr. Ohkubo
established Shin Nihon Kouhan in 1980 which later became known as
Forval Corporation (Forval). Today, Forval is one of Japan's
leading telecommunications companies providing hardware, software
and related services to meet Japan's growing demand in these
important areas. Mr. Ohkubo has served as Forval's President since
1980, leading Forval throughout its continuing growth. He is the
author of a book titled "Learn from Bushido, 48 rules" and earned
the First Entrepreneur Grand Prize by the New Business Conference.
Mr. Ohkubo holds a Bachelors degree from Kokugakuin University.
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, 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
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. 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: Investor Relations, Ina
McGuinness, or Zachary Bryant, , both of Lippert/Heilshorn &
Associates, +1-310-691-7100, for PPOL, Inc. DATASOURCE: PPOL, Inc.
CONTACT: Investor Relations, Ina McGuinness, or Zachary Bryant, ,
both of Lippert/Heilshorn & Associates, +1-310-691-7100, for
PPOL, Inc.
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