Tokyo, May 29, 2002 - (JCN Newswire) - Crayfish Co., Ltd. (Nasdaq: CRFH; MOTHERS: 4747) ("Crayfish" or "the Company"), a leading provider of e-mail hosting services (service-mark "DESKWING") and other Internet-related services for small and medium-sized enterprises in Japan, announced today that its board of directors has nominated three new directors and one corporate auditor. These proposed nominations are subject to shareho lder approval at the Company?fs extraordinary shareholders' meeting scheduled for June 28, 2002.
The Company's mid-long term goal is to increase its subscribers. Under the wing of current President and Representative Director Mr. Amane Horiuchi, the Company has aimed to achieve this mid-long term goal by working with third parties to offer new products and services, and to develop new marketing channels. The nominated directors will continue to implement strategies to achieve the Company's mid-long term goal, such as strengthening synergies with the Company?fs parent, Hikari Tsuhin, Inc., and its affiliates.
New Directors
Mr. Kazuhiko Muraki has been nominated to serve as the Company's President and Representative Director. Mr. Muraki was born in Tokyo, Japan, and has served as General Manager of Mobile Business Headquarters, Hikari Tsushin, Inc. since of May 29, 2002.
Mr. Fumio Komatsubara has been nominated to serve as the Company's Director and CFO, and Mr. Masaaki Shimamura has been nominated to serve as a Director of Crayfish.
Each of the following Directors' terms of office will expire at the close of the extraordinary shareholders' meeting scheduled for June 28, 2002: Mr. Amane Horiuchi, President and Representative Director; Mr. Shinya Kinoshita, CFO and Director; and Mr. Koji Yamamoto, Director.
New Auditors
Mr. Satoshi Suga, currently serving as the Company's Corporate Auditor, is expected to resign from office at the close of the shareholders' meeting and Mr. Koichi Kawai has been nominated to serve in his place.
About Crayfish
Crayfish is a leading provider of e-mail hosting and other Internet-related services for small and medium-sized businesses in Japan. Crayfish offers customizable, reliable and expandable e-mail services and Internet solutions under the brand name "DESKWING" as well as other Internet application services to enhance its customers' communication, office operation and e-commerce capabilities. Founded in 1995, Crayfish had approximately 32,000 DESKWING subscribers in Japan as of the end of August 2001. Crayfish has its American Depository Receipts (ADRs) listed on NASDAQ National Market (ticker: CRFH) in the USA, and its common shares listed on MOTHERS (ticker: 4747) in Japan. Crayfish Co., Ltd. headquarters is located at WICS Bldg. 6F, Ikebukuro 2-2-1,
Toshima-ku, Tokyo 171-0014, Japan.
Contact:
For corporate information in Japan
Investor Relations Department
81-3-5957-0644
ir@crayfish.co.jp
May 29, 2002
Source: Crayfish
Crayfish (TSE: 4747) (NASDAQ: CRFH)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Management Change
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