ORLANDO, Fla., Sept. 2, 2004 (PRIMEZONE) -- Personal Portals Online, Inc. (Pink Sheets:PPON) the leader in dynamic do-it-yourself Consumer Web Site and Commercial Portal development tools, announced the following changes in executive management.
Mr. William Mobley, currently President, will assume the role of Chief Executive Officer. Mr. 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 in 1994. Wall Street was quick to see the investment potential, World Commerce gave investors over a 5000% return (.50-$28.00+) in the months following its debut on the Nasdaq Bulletin Board prior to his departure in 1999.
Mr. Andre Forde, currently Vice President, will assume the role of President. Mr. Forde also has an extensive background in technology, specifically do-it-yourself website builders. Mr. Forde was the founder of ImageCafe.com, which was acquired by Network Solutions, Inc. (NSI) a Verisign, Inc. company in November 1999 for $25M.
Mr. 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 coming months."
About Personal Portals Online, Inc.
Personal Portals Online offers consumers a chance to build their own online portals, like having a personalized AOL network of sorts, from a partners site, with features such as an easy-to-use multimedia website builder, personal life management tools (email, calendar, instant messaging, file sharing), customized news updates, community tools, automated commerce products, and options previously unavailable to the novice Webmaster. Personal Portals is primed to become the easiest and most innovative Internet utility since Yahoo!, coupled with the viral marketing growth of such first-to-market leaders as MSN Hotmail, ICQ, Blue Mountain Arts and Napster.
The company's products are expected to be the next generation "killer apps", enabling the existing high-speed cable operators, Telcos, Hosting/ISPs, major internet portals, media conglomerates, online destination and community sites, a complete turnkey private-label solution enabling consumers or members to obtain all the "do-it-yourself" tools for building personal websites and/or portals - creating enormous revenue potential for these operators, with customers they already have, without any additional infrastructure or maintenance costs.
Forward Looking Statements
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.personalportalsonline.com.
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