We would like to announce that the above five companies have agreed, as of this date, to change its name from 110 Planning Corporation to Plat One Corporation as it emerges as a new business entity.
We are planning two increases in our capital before this new service begins. At that time, we will be recruiting new shareholders.
This marks the birth of a new broadcasting platform business for the 110 CS digital broadcasting in Japan. Plat One Corporation is aiming to commence service in March of 2002. We will be working toward providing customer relations to our viewers who watch pay TV via the same receiver and antenna used for BS digital broadcasting. At the same time, we will be making progress on developing an interactive business, which will signal a new potential for television.
Plat One Corporation is sure to provide a new service of converging broadcasting and communication for the 21st century.
