PPOL Announces Resignations of Yoshihiro Aota and Nobuo Takada
December 14 2004 - 4:44PM
PR Newswire (US)
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.
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