ORLANDO, Fla., Oct. 6, 2004 (PRIMEZONE) -- Personal Portals Online Inc. (Pink Sheets:PPON), the leader in dynamic do-it-yourself Website and commercial portal development tools, today announced it signed a software licensing and services agreement with Las Vegas-based Universal Marketing & Management Inc. valued at $5 million over the next 12 months. The agreement additionally provides for annual rollovers up to five years with increases, upon initial fulfillment.
Under the agreement, Personal Portals Online will provide Universal with a private label reselling system known as www.custombizwebsites.com, which delivers a dynamically bundled product offering to new businesses that includes; custom designed website, domain name, e-mail, e-commerce store, credit card/check processing and hosting services in a simple, easy-to-use package. The targeted markets will initially be newly established businesses/corporations and the home-based business segment, which require a competitive "turnkey e-business solution" without the high costs associated with creating, developing and managing technology.
"Universal has been a leader in both consumer and business direct sales for almost a decade. We are very excited about this opportunity and look forward to a long-term relationship for many years to come," stated William Mobley, CEO of Personal Portals Online Inc.
About Personal Portals Online Inc.
Personal Portals Online offers the consumer a chance to build their own online portal, like having one's own personalized AOL network of sorts, from a partner's site with features such as an easy-to-use multimedia website builder, personal life management tools (e-mail, 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, and online destination and community sites a complete turnkey private-label solution whereas their consumers or members can obtain all the do-it-yourself tools for building their own online personal websites and/or portals. The company plans to help in 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 they 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 website at http://www.personalportalsonline.com.
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