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| March 29, 2004 |
| To Whom It May Concern, |
Company Name:
Stock Code:
Representative:
Inquiries:
Telephone:
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BB Net corp.
2318
Eiji Tanaka, President & CEO
Yasuhisa Okubata, Director
General Manager
Corporate Planning Office
+81-(0) 6-4797-1102 |
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| As was announced on March 8, 2004 in a release
titled “Notice Regarding Transfer of FC Business from
Universal Food Co., Ltd.,” BB Net corp. has decided
to acquire the restaurant franchise business (which involves
the development of restaurant franchises) of Universal Food
Co., Ltd., a subsidiary of Itochu Corporation, which is headquartered
at 2-5-1 Kita-Aoyama, Minato-ku, Tokyo, and is headed by President
Ichiro Kurata. On March 27, 2004, BB Net corp. subsidiary
Wintegrator Inc. and Universal Food Co., Ltd. signed a purchase
agreement. Details are as follows. |
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| 1. Profile of Wintegrator Inc. |
Company name:
Head office:
CEO:
Date of Establishment:
Paid-in Capital:
Shareholder: |
Wintegrator Inc.
Shin-Fujita Building, 2-4-27 Dojima, Kita-ku, Osaka
Kazuki Suenaga
March 18, 2004
50 million yen
BB Net corp. 100% |
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2. Purchase price |
| 150 million yen |
| The effect of this
purchase on the operating results of the BB Net Group has
already been incorporated into the revised forecast for operating
results that was announced on March 18, 2004. |
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