The Zango Spin Dr. is in the house:
Several researchers released information this week pertaining to our settlement agreement announced earlier this month with the Federal Trade Commission (FTC). We are committed to meeting and exceeding our obligations, take concerns relating to the FTC consent order very seriously and welcome any and all input about our business practices and the protection of consumers.
The FTC's leadership in providing clarity around best practices is a welcome and significant step forward for Zango and our industry. More importantly, online consumers are better protected today because of the FTC’s efforts. We embrace the new standards, of which we have met or exceeded the key notice and consent standards since January 1, 2006. We will continue to create, abide by and strive for best practices that protect consumers and make the online economy increasingly valuable for consumers, advertisers, Web publishers and content providers.
We are working diligently to meet and exceed every single one of the requirements set forth by the FTC. Additionally, we are fortunate to have a preeminent voice in online safety and privacy issues assisting us in our efforts. Richard Purcell, CEO of the Corporate Privacy Group, has been engaged to audit Zango’s compliance. Richard will report his findings in the next few weeks.
Regarding the Zango consent order, a 30-day public comment period is presently open and will remain open through December 5, 2006.
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