Can I use the same source for two different websites?

[Mulith]

I have developed a successful portal based website but would like to grow my portfolio of sites by expanding into new niches and sectors.

I would like to use the same source code to fast track new sites but I'm not sure of the dangers involved. Content, meta details etc. will all be unique and the only similarity will be the html code.

Another example of how I want to use this is that my current site targets the UK but I want to target a global market with a .com domain and this would involve using the same source.

Is this possible without a penalty or am I overlooking something?

[Dan-Petrovic]

If this was a problem then all Word Press websites in the world would be penalised. What you're trying to do is common business sense and it imposes no risk given that your statement about content being unique is true.

I say go ahead and make awesome sites now that you have the right technology.