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LOS ANGELES, Feb 13, 2008 (BUSINESS WIRE) -- All Asia Licensing, Inc. (Pink Sheets:AASI) is pleased to announce today that they have entered into a Memorandum of Understanding with Internet content filtering industry leader Netsweeper (www.Netsweeper.com), the content filtering managed services company which holds the industry's most advanced proprietary global filtering and categorization service for corporations, public sector organizations, ISPs and OEM applications. The terms in the MOU will successfully bring Netsweeper's popular suite of Internet tools and technology into China. The MOU was announced jointly today by Perry Roach, President and CEO of Netsweeper, and Anthony Lee, President and CEO of All Asia Licensing. Financial terms of the MOU were not disclosed.
Netsweeper's content filtering success can be attributed to its technology, which is more advanced and sophisticated, unlike other content filtering products that rely on manually entered lists of URLs. China will join the UAE, the United Kingdom, the United States and most major countries that have chosen Netsweeper as their product of choice to deal with content management and security using the Internet. Netsweeper is not just for governments, it has found a rich market in corporations, ISPs and among educators. Recently West Virginia in the USA and Prince Edward Island of Canada chose Netsweeper for K-12 Content Filtering.
About Netsweeper (www.Netsweeper.com)
Netsweeper, founded in 1999, has worldwide offices and distribution and its products are sought after by ISPs, telcos, corporations, governments and schools. The company is built around the philosophy that Internet users should have the right to fully control their experience. Netsweeper boasts worldwide offices and its products continue to be adopted as the product of choice for ISPs, telcos, corporations, governments and schools. About All Asia Licensing (www.AllAsiaLicensing.com)
All Asia Licensing was founded to bring Western technologies and products into Asia as well as to bring the best of Asia to the rest of the world. AASI's primary focus is building brand recognition in and out of Asia, with a focus on cash flow positive businesses and opportunities with great potential. Our business model is flexible and AASI can act as a licensee but it also has the capability to act as a financier and incubate companies, packaging the opportunity with the best team possible to manage, Westernize and commercialize the application. This may or may not include listing it on a stock exchange. "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995.
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements concerning the impact of the settlement agreement on our future business prospects and our ability to successfully complete the commercialization of Netsweeper products in China. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include the risk that the settlement agreement will not produce the results we intend and all of the risks inherent in commercializing a new product (including technology risks, market risks, financial risks and implementation risks, as well as other risks and uncertainties affecting the Company), included in filings with the Securities and Exchange Commission, all of which are available at www.sec.gov. We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events, or otherwise.
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