News Release Dated September 22, 2008 Company: INTER ACTION Corporation President: Hideo Kiji Listing: The Tokyo Stock Exchange Mothers Market Stock code: 7725 Contact: Takao Kiji, Director, General Manager of Operation Department Tel: +81-45-788-8373 URL: http://www.inter-action.co.jp/Eng
Notice of Unlimited Extension of Licensing Agreement with Produce
INTER ACTION Corporation has decided to extend with no limit its licensing agreement with Produce Co., Ltd. (Listed on the JASDAQ Securities Exchange; Stock code: 6263). The agreement, which was announced on August 27, 2008, allows INTER ACTION to use the FPD Transfer System, a manufacturing technology owned by Produce. Details are as follows. 1. Reason for unlimited extension of licensing agreement
INTER ACTION signed an agreement on August 27, 2008 to use the FPD Transfer System manufacturing technology of Produce. Following this action, the two companies have been discussing specific methods for the use of this technology by INTER ACTION. As was announced by Produce and in a number of media reports on September 19, 2008, Produce underwent an investigation by the Securities and Exchange Surveillance Commission due to suspected violations (alleged provision of false securities report and other alleged crimes) of the Financial Instruments and Exchange Law and other laws.
Due to various reasons, INTER ACTION has decided to extend with no limit its licensing agreement which allows the Company to use manufacturing technology for the FPD Transfer System. 2. Profile of Produce Co., Ltd.
(1) Company name: Produce Co., Ltd. (2) Address:
308-12 Terajima-machi, Nagaoka City, Niigata Prefecture
(3) Established:
June 1992
(4) Representative:
Eiji Sato, President and CEO
(5) Business:
3D application business, function analyze business, customizing business
(6) Capital:
3,374 million yen
(7) Employees:
351
3. Outlook
It will have only an insignificant effect on INTER ACTION’s current term results of operations.