ORLANDO, Fla., March 6, 2006 (PRIMEZONE) -- 110 Media Group, Inc. (OTCBB:ONTN) the leader in dynamic do-it-yourself consumer web site and commercial portal development, today announced the following changes in executive management and board of directors pursuant to the merger completion with Global Portals Online, Inc. earlier this year.
William Mobley, currently Chief Executive Officer, will assume the role of Chairman of the Board. Mobley has had an extensive background in technology leadership for Nextelligence, Inc., MegaMedia Networks, Inc., and World Commerce Online, Inc. (OTCBB:WCOL) where he founded and served as President. World Commerce Online pioneered the e-commerce business-to-business sector from 1994-2000. Wall Street was quick to see the investment potential -- World Commerce gave investors over a 5,000 percent return (.50 -$28 plus) in the months following its debut on the Nasdaq Bulletin Board, prior to his departure in 1999.
Andre Forde, currently Vice President of Global Portals Online, Inc., will assume the role of Chief Executive Officer and President of 110 Media Group, Inc. Forde also has an extensive background in technology, specifically do-it-yourself web site builders. Forde was the founder of ImageCafe.com, which was acquired by Network Solutions, Inc. (NSI) a Verisign, Inc. company in Nov. 1999 for $25 million.
Mobley stated, "The board has taken these actions to recognize Mr. Forde for the leadership he has provided in developing our core technology and business strategy. We are also very excited to make room for new high-profile executive appointments that will be announced over the next few months."
Darren Cioffi relinquishes his role as interim CEO and will immediately fill the Chief Financial Officer position, having specialized for over ten years with consulting public companies on SEC accounting/filing, Sarbane's Oxley and standard compliance measures.
Forde stated, "We are very excited about the next 24 months, as much as AOL provides ease-of-use and removes fear of the Internet for the non-technical personal-user market, our new product lines offers immediate, complete, easy, and affordable web business to a massive non-technical market of small proprietors and entrepreneurs."
About 110 Media Group, Inc.
110 Media Group products and services address a significant market gap by providing non-technical business operators of small to medium-sized businesses with all the necessary services needed to migrate their cottage industries to the Internet or to start a new Internet business. Similar to AOL which services non-technical Internet users, the company's Chamber of eCommerce packages all provide the necessary components required for a successful online business into one integrated friendly, helpful, non-threatening bundle that can be easily accessed and managed by low-tech business operators. The company profitably provides all elements basic to any business endeavor in a cost-effective package offered for $29.95 per month with no start-up fees. Clients simply need to add their information and products or services to be in business in as little as an hour without knowing a thing about HTML, Flash, Secure Socket Layers, FTP, or any other technical aspect of creating and running a web site.
The company's numerous products are vertically integrated and primed to become the easiest and most innovative Internet utilities since Yahoo! or Google, coupled with the viral marketing growth of such first-to-market leaders as MySpace, MSN Hotmail, ICQ, Blue Mountain Arts and Napster.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including without limitation statements regarding potential future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Gross turnover could be substantially less in the future due to changes in the law, general economic conditions, or unexpected failure of equipment servicing the accounts. In addition, technical complications which may arise could prevent the prompt implementation of the plans outlined above. Additional Safe Harbor Act Disclaimer Notice is available on the web site at http://www.110mediagroup.com.
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