As a partner with Acxiom Corporation, one of the largest aggregators of consumer data in the world, DAMI
provides lists, databases, education content and forums for businesses to help them manage their direct marketing programs.
's products, services and publishing experience, coupled with our data assets and the Acxiom Data Network(SM), we believe that the DAMI
alliance will become a key component in our Acxiom Data Network implementation, helping us lead the way for small businesses to profit from direct marketing tools via the Internet.
Fleiss, former Vice President and Chief Technology Officer of PC411, will hold an initial 15% interest in DAMI with options to increase their ownership position to 50% upon satisfaction of operational and financial benchmarks over a three-year period.
PC411 has agreed, under certain conditions, to fund up to $200,000 of an $800,000 working capital line to be provided to DAMI by Acxiom, PC411 and Dean R.