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November 1, 2007 |
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To: Parties Concerned |
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Corporate Name: I-Net Corp.
Representative:President Shigeru Hirabayashi
(Code No. 9600 Tokyo Stock Exchange 1st Section)
Contact:Manager, Planning Department Shigeru Hirano
Phone #:+81-(0)45-682-0808
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Notification of Partial Business Transfer
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I-Net Corp. (hereafter, I-Net) has concluded a contract for a business transfer with Gadget-Plus Inc. as of October 15, 2007, and accepted the transfer of a portion of the business from Gadget-Plus Inc. today. The details are as follows.
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| 1. |
Reason for business transfer
I-Net has accepted the following software packages and their contingent business from Gadget-Plus Inc. These software packages can be widely applied to our customers’ system development across a variety of industries, and afford the flexibility to cope with additional requests and amendments from customers during development, enabling a significant reduction in the duration of conventional system development. Furthermore, these packages can be used in combination with software already retained by customers and uniquely constructed systems, allowing a significant improvement in the functionality of existing systems.
I-Net intends to actively use these packages for internal mission-critical operations systems and control systems in order to build up a knowledge database for external sales.I-Net has also newly established a “Middleware Division” for full-fledged sales, and will promote further business development. |
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Business transfer details |
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(1) |
Copyright, etc. of packaged software – “Hot Command”, “Hot Excel”, and “PATHCalc”, and their contingent contractual positions |
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(2) |
Packaged software details
･Hot Command
Programming-less batch processing system construction tool
･Hot Excel
Web application construction tool based on Microsoft’s “Excel”
･PATHCalc
Cost calculation tool specifically designed for active-based costing (ABC)
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(3) |
Business performance of transferred business
Sales: ￥21 million (March 2007 term)
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(4) |
Total assets of the company (Reference)
Total assets: ￥36 million (as of March 31, 2007)
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3. Overview of Gadget-Plus Inc. (as of October 31, 2007) |
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| (1) Trade name |
Gadget-Plus Inc. |
| (2) Representative |
Shuji Kobayashi, President |
| (3) Address |
3-24-7, Toranomon, Minato-ku, Tokyo |
| (4) Establishment date |
September 4, 1995 |
| (5) Main business |
Entrusted development of software, development and sales of commercial software, and data processing services |
| (6) Capital |
￥22 million |
(7) Major shareholders and
shareholding ratio |
Shuji Kobayashi (50.0%)
Kumamoto Prefecture Corporization Foundation - BackupCenter (45.0%)
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| (8) No. of Employees |
3 |
| (9) Accounting term |
Year ending March |
| (10) Relationship with I-Net |
There are no capital, personnel or transaction relationships |
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4. Future performance outlook
This development is expected to have a minimal effect on current business results.
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