The article entitled “Foldera Preps to Launch Web-application Suite” announces the April 15, 2006 launch date for the Foldera service.

“We already have about 10,000 businesses requesting more than 1 million seats for the service,” said Richard Lusk, founder and chief executive officer, in the article.

The article went on to say, “The business model will take Foldera head-on with more established players, such as Microsoft Corp. and IBM Corp…” CEO Richard Lusk stated, “We have spent five years working toward the goal of providing a preeminent solution for small businesses and individuals.”