Although, honestly, I'm not sure how they can call it a privacy statement. What it really should be called is a 'this is how we're going to screw you over, abuse your trust, and annoy the hell out of you by totally ignoring and disrespecting your privacy' statement.
Here's some interesting bits:
To create an account, we collect your name, email address, and a shipping address. You will also create a password that you may change in the Account page of our site. We use this information to set up your account, to send you a registration confirmation email and to log your shipping information so that we know where to send your order. We may also use your email address to send you information about new services, features, and special offers from us. Members may opt-out of receiving future mailings of this nature by following the relevant instructions articulated in the body of these promotional emails.
Translation: You give us your information. We then sell it to everyone who will pay us for it, and if you want to opt out of it, you'll have to opt out separately for every single one of the hundreds, if not thousands, of companies we sell you to.
We may work with other third party businesses using the personal information that you supply to us on the main signup page to bring selected retail opportunities to our members via direct mail, email and telemarketing. These businesses may include providers of direct marketing services and applications, including lookup and reference, data enhancement, suppression and validation and email marketing.
Translation: We will sell your information to known spammers, provided they pay us for it. We'll also sell it to telemarketers, junk mailers, and data whores who collect this kind of thing so they can resell it.
There is no way to deactivate an account; if you no longer wish to remain a part of a Gratis Internet website, simply stop logging in to your account. Gratis Internet will not share your information.
Translation: Be prepared for a lifetime of spam at a level well above what you're currently experiencing. And since we have it in the fine print, you can't stop us. Heck, we'll keep selling your information to spammers even after you're dead!
We reserve the right to modify this privacy statement at any time, so please review it frequently. If we make material changes to this policy, we will notify you here, by email, or by means of a notice on our web page.
Translation: We'll change our privacy statement whenever we feel like it, and we're not going to tell you about it. And since you can't delete, remove, or even deactivate an account, that means that we can pretty much do anything we want with your information and you'll probably never know about it.
Doesn't that sound like fun?