Go Online Networks Operating Division, Digital West Marketing Inc. Recieves Factory Refurbishing Authorization From Hewlett-Packard.Business Editors and High-Tech Writers BUENA PARK, Calif.--(BUSINESS WIRE)--April 25, 2002 Authorized Support Provider (ASP) Agreement to Allow Expanded Revenue and Service Capacity for Digital West Joe Naughton, chairman 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 Go Online Networks Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GONT) today announced that Digital West has reached an agreement to become an Authorized Support Provider for Hewlett-Packard Company (NYSE NYSE See: New York Stock Exchange :HWP HWP Height (and) Weight Proportionate HWP Half-Wave Plate HWP Highway Patrol HWP Height Weight Proportional HWP Hewlett-Packard Corporation (stock symbol) HWP Hydrolyzed Whey Peptides ). This agreement authorizes Digital West to conduct hardware service performance during the warranty period. Services included under the agreement are Service Authorization, Warranty Service, Parts Services, HP Product Repair Services and Information Resources. The current Hewlett-Packard products which are covered under the ASP agreement are HP Pavillion desktops and notebooks. Additionally, Digital West is eligible to receive reimbursement for parts and labor during the HP Product warranty period. "In receiving this authorization from Hewlett-Packard, Digital West is continuing to establish itself with more and more industry leaders in the PC arena. The additional revenue stream of the warranty service work will flow to the bottom line enhancing the profitability of the company," stated Kerwin Burns, General Manager, Digital West Marketing Inc. About Go Online Networks Corp. Go Online Networks Corp. is a Southern California-based technology holding company. Currently, its major operating subsidiary Digital West Marketing Services Inc. is an emerging player in the $100 billion electronic manufacturing services (EMS) sector. 2001 revenues exceeded $6 million. The core of Digital West's revenue is derived from acquiring personal computers from retailers and manufacturers then refurbishing the product to manufacturers' specifications and then reselling the products to the secondary markets. In 2001, the company generated revenue in excess of $6 million representing over 12,000 total computers refurbished and resold. Seventy-five percent of the company's revenues are derived from the sale of desktop system (CPU CPU in full central processing unit Principal component of a digital computer, composed of a control unit, an instruction-decoding unit, and an arithmetic-logic unit. and monitor), 20 percent notebooks, and five- percent personal digital assistants (PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). ). The company has received refurbishing authorization from several of the largest computer manufacturers in the world in order to resell these products as factory authorized refurbished computers. This press release contains forward-looking statements made pursuant to 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 Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. |
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