AOL Latin America Launches First Wireless Initiative.Business Editors/Hi-Tech Writers FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Sept. 28, 2000 'AOL Mobile' Services in Brazil Provide Popular AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Content and Features to All Mobile Users with Internet-Ready Phones; Now Members in Brazil Can Access AOL Through PCs, Palm Handhelds and Mobile Phones; Effort Extends "AOL Anywhere" Strategy into Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. America Online See AOL. Latin America, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AOLA AOLA America Online Latin America ) today announced its first wireless initiative in Latin America with the availability of "AOL Mobile" in Brazil, which makes popular AOL content and features accessible to consumers with Internet-ready mobile phones at no additional charge. Brazilian consumers can now access content and services from AOL Latin America through their PCs, Palm(TM) handhelds and mobile phones. Consumers with Internet-ready cellular phones can access AOL Mobile services in Brazil by typing the WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. aolmovel.com.br into their handsets. America Online Brazil members will be able to access their existing AOL e-mail accounts, and in the future enjoy additional features including customization and premium content. All consumers in Brazil will be able to use AOL Mobile to catch up on the latest news, access online banking services, stock quotes and other financial tools, and look up sporting and entertainment information. This initiative represents AOL Latin America's first step toward a comprehensive wireless presence throughout Latin America and enhances the "AOL Anywhere"(SM) multi-platform strategy to extend the benefits of AOL's industry-leading brands as well as its popular features and services to members anywhere, anytime and at any speed - on emerging interactive platforms beyond the PC. Charles Herington, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AOL Latin America, said: "AOL Latin America's first wireless offering allows Brazilian consumers with Internet-ready mobile phones to enjoy features our more than 250,000 members throughout the region have been making increasingly central to their daily lives. By offering access to some of AOL's most popular features on wireless devices at no additional cost, we are providing yet another way for mass-market consumers in Latin America to experience the ease-of-use and convenience of the AOL interactive experience. This initiative represents the first of many we expect to undertake in order to make AOL available anywhere, anytime in Latin America." Dennis Patrick, President of AOL Wireless, said: "AOL Mobile in Brazil underscores our commitment to providing mobile consumers around the world with easy and convenient access to their favorite AOL features and services over wireless devices. This offering will be especially relevant for consumers in Latin America, since mobile phone usage is so high in the region. AOL Latin America expects to continue expanding its wireless presence throughout the region, into new countries and onto new platforms, as it works to make its 'AOL Anywhere' vision a reality." Manoel Amorim, President of America Online Brazil, commented: "AOL Mobile is great news for America Online Brazil, which can now offer the ease-of-use and convenience of the service to an even wider audience across multiple platforms Refers to two or more operating environments, which typically include the CPU family and operating system. For example, if versions of a program run on Windows and the Macintosh, the software is said to support multiple platforms. including PCs, Palm handhelds and mobile phones. Additionally, our existing America Online Brazil members will be able to expand their AOL experience beyond the PC to their Internet-ready mobile phones to enjoy the services and features they want, anywhere and anytime they want them." America Online Brazil was the first localized AOL-branded service launched in Latin America, debuting in November 1999, and achieved the fastest start of any AOL-branded service worldwide. Members are currently using the service on average more than 30 minutes per day, providing a strong foundation for advertising and commerce growth. America Online Brazil has agreements with 80 content partners including regional providers such as CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. , The Knot and LatinStocks.com and unique local content from providers including Pokemon Club, Jornal do Brasil Jornal do Brasil, widely known as JB, is a daily newspaper published by Editora JB in Rio de Janeiro, Brazil. It was founded in 1891 and is the third oldest existent Brazilian paper, after the Diário de Pernambuco and O Estado de São Paulo. and Canal Web. In addition, America Online Brazil has established a key strategic alliance with Banco Itau, one of Brazil's leading commercial banks, that will offer a customized version of the America Online Brazil service to Itau's 7 million customers. About America Online Latin America, Inc. America Online Latin America, Inc. (NASDAQ: AOLA) is the exclusive provider of AOL-branded services in Latin America and has quickly become one of the leading Internet and interactive services providers in the region. AOL Latin America launched its first service, America Online Brazil, in November 1999, and began as a joint venture of America Online, Inc. (NYSE NYSE See: New York Stock Exchange : AOL) and the Cisneros Group The Cisneros Group of Companies is one of the largest, privately held media, entertainment, telecommunications and consumer products organizations in the world. The Group owns or holds interests in companies ranging from broadcast television, networks and pay television businesses of Companies. The Company combines the technology, brand name, infrastructure and relationships of AOL, the world's leader in branded interactive services, with the relationships, regional experience and extensive media assets of the Cisneros Group of Companies, one of the leading media groups in the Americas. The Company currently operates services in Brazil, Mexico and Argentina with plans to launch additional local America Online services throughout the region in the future. Banco Itau, a leading Brazilian bank, is also a minority shareholder of AOL Latin America. This release may contain forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding our plan to expand the scope and coverage area of our services in Latin America, including plans for expanding wireless coverage in Latin America, future advertising and commerce growth, and the benefits we expect to achieve from our strategic alliance with Banco Itau. These statements are based on our current expectations geographic areas and via new technologies such as wireless access, enhancement of the scope of our interactive services, and rapidly changing technologies such as the Internet, as well as the risks related to our early stage of development, our inability to convert our trial subscribers into paying subscribers, our limited working capital and intense competition. Actual results could differ materially from those described in the forward-looking statements. (1) Palm is a trademark of Palm, Inc. or its subsidiaries. |
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