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Planetary Motion Presents at Illinois Venture Capital Conference
08:15 a.m. Sep 25, 1998 Eastern
GLENCOE, Ill., Sept. 25 /PRNewswire/ -- Planetary Motion, Inc., founded in 1997, has introduced CoolMail(TM), a service enabling busy people on-the-go to retrieve and send e-mail messages all by telephone. A CoolMail member places a local call, listens to a short commercial message appropriate to their demographics, proceeds to hear and reply to e-mail which has been consolidated from their other e-mail accounts. The company will introduce several levels of CoolMail, each offering different features and functionality, including access to personal and corporate information, outbound notification and voice print identification for increased security. The basic level, CoolMail Bronze, is free. Premium levels start at $2.95 per month. The company is targeting its services to the mobile professional either through their company or to a professional organization to which they may belong. Revenues are generated through advertisements and monthly subscriptions for premium services.
The future of CoolMail will be the topic presented by Bob Newman, CEO and Michael O'Roark, President of Planetary Motion at the Illinois Venture Capital Conference in Chicago on September 24th at 10:00 a.m.
After just eight weeks of operation, the service is live in 13 major markets and the company currently has 100,000 members and is already delivering over 750,000 impressions per month by phone and at their website. It has an exclusive arrangement with Lowestfare.com, an online travel site that is owned by Carl Icahn, for all of its customers to be enrolled in CoolMail. In addition, the Global Development Fund, which sends volunteers around the world to help under-developed countries, is using CoolMail as a member benefit. Planetary Motion is in discussions with Allstate Insurance, Alliance Business Centers, HQ Business Centers, 3M, Morgan Stanley, The American Bar Association, and Kraft Foods.
Planetary Motion plans to introduce CoolMail in the remaining top 50 markets in the US and Canada by the end of 1998. They've initiated a major marketing program for rollout to large corporations and associations. In 1999, they will continue to expand and establish the first POP in Europe.
The company seeks an additional $4,000,000 in funding over the next two years.
Contact Planetary Motion at 847-835-6700 or web site: http://www.planetarymotion.com.
SOURCE Planetary Motion
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