American Capital understands the power of securing web-based solutions for managing child internet security for safe Internet experiences and has been looking for a quality player in that field for quite some time
WEST PALM BEACH, Fla. (PRWEB) December 13, 2007
"This acquisition is the ultimate fulfillment of the Business Development Company model. We look forward to working with the management of IPower Applications to invest the necessary capital to move their business ahead in child internet security services," says Frank Speight, Chairman of American Capital Partners Limited. He further states that, "Our due diligence for the acquisition of an internet security child safe software company shows IPower to have THE cutting edge technology in the rapidly growing Family oriented Internet security field."
"American Capital understands the power of securing web-based solutions for managing child internet security for safe Internet experiences and has been looking for a quality player in that field for quite some time," stated Anthony Ranallo, President of IPower Applications and creator of the Home POW WOW brands. "American Capitals' ability to secure equity capital provided by public shareholders and financial institutions, as well as sources of debt capital is exactly what we've been seeking to take IPower to the next level. We are very impressed by the incredible loyalty and competence of American Capitals' business partners and we're looking forward to joining forces to help provide the best web-based solutions for managing safe Internet experiences in this very demanding and dangerous electronic world," Mr. Ranallo concluded.
About IPower Applications:
IPower Applications, Inc. (http://www.doyoupowwow.com) is the leading provider of integrated on-demand portal based applications for home, office and school security. IPower Applications' adaptable configuration provides users with delivery options applying secure on-demand services or on-premise service applications; both to meet individual and corporate users' design needs. The IPower POWWOW(TM) Suite is a place on the web where families and friends can safely gather online. Also, the POWWOW Suite offers chat room monitoring, destination monitoring, social network monitoring and alert notifications sent in "real time" for identifying inappropriate content or potential sexual predator activity. You can be notified IMMEDIATELY via cell phone or email.
Certain statements contained in the press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities and thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, include, without limitation, the risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof.