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IIJ Completes Acquisition of Subsidiary From AT&T Japan
GlobeNewswire 2010-09-01
TOKYO, Sept. 1, 2010 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc.
(IIJ) (Nasdaq:IIJI) (TSE1:3774), one of Japan's leading Internet access
and comprehensive network solutions providers, today announced that it
has acquired a 100% stake in the new subsidiary established by AT&T
Japan LLC, as announced in IIJ's press release dated June 1, 2010. (*1)
This acquisition makes the company a 100% owned subsidiary of IIJ, and
it will begin operations today under the name IIJ Global Solutions Inc.
("IIJ-Global").
IIJ-Global will continue to provide WAN and other domestic network
outsourcing service businesses which it succeeded from AT&T Japan.
IIJ-Global also plans to provide highly value-added network services by
integrating with IIJ Group's abundant network solution services to
create greater customer satisfaction.
(*1) Press release URL:
http://www.iij.ad.jp/en/news/pressrelease/2010/0601-2.html
Outline of IIJ Global Solutions Inc.
(1) Company name IIJ Global Solutions Inc.
Headquarters: Shinnikko-Building, 2-10-1
(2) Location Toranomon, Minato-ku, Tokyo
(3) Business
Commencement Date September 1, 2010
To be confirmed after transfer of business is
(4) Capital completed, but
currently as estimated JPY 490 million.
(5) Shareholders Internet Initiative Japan Inc. (100%)
Principal Provides WAN and other domestic network
(6) business outsourcing services
activities and international network related services
Number of
(7) Employees 245 employees (as of September 1, 2010)
Senji Yamamoto, Chairman and Representative
(8) Officers Director
Toshinori Iwasawa, President and Representative
Director
Tatsuo Nishimata, Executive Managing Director
Hiroto Tabuse, Senior Managing Director
Tomofumi Sekiyama, Executive Director
Hiroaki Tusno, Executive Director
Koichi Suzuki, Director (Part-time) (President
and CEO of IIJ)
Hideshi Hojo, Director (Part-time) (Senior
Managing Director of IIJ)
Kazuhiro Ohira, Statutory Auditor (Company
Auditor of IIJ)
Akihisa Watai, Statutory Auditor (CFO and
Managing Director of IIJ)
(9) Company URL http://www.iijglobal.co.jp/ (Japanese Only)
About IIJ
Founded in 1992, Internet Initiative Japan Inc. (IIJ) (Nasdaq:IIJI)
(Tokyo Stock Exchange TSE1:3774) is one of Japan's leading
Internet-access and comprehensive network solutions providers. IIJ and
its group of companies provide total network solutions that mainly
cater to high-end corporate customers. The company's services include
high-quality systems integration and cloud computing/data center
services, security services, Internet access, and content distribution.
Moreover, the company has built one of the largest Internet backbone
networks in Japan, and between Japan and the United States. IIJ was
listed on NASDAQ in 1999 and on the First Section of the Tokyo Stock
Exchange in 2006. For more information about IIJ, visit the IIJ Web
site at http://www.iij.ad.jp/en/.
The Internet Initiative Japan Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4613
The statements within this release contain forward-looking statements
about our future plans that involve risk and uncertainty. These
statements may differ materially from actual future events or results.
Readers are referred to the documents furnished by Internet Initiative
Japan Inc. with the SEC, specifically the most recent reports on Forms
20-F and 6-K, which identify important risk factors that could cause
actual results to differ from those contained in the forward-looking
statements.
CONTACT: Internet Initiative Japan Inc.
Corporate Communications
+81-3-5259-6310
press@iij.ad.jp
http://www.iij.ad.jp/en/
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