Feb. 23, 2011

[PRESS RELEASE] MediaProbe Inc. conducted the allocation of new shares to a third party

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MediaProbe Inc. conducted the allocation of new shares to a third party
- Proceeding to develop smartphone applications and e-publishing solutions
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MediaProbe Inc. ("the Company", Shibuya-ku Tokyo) conducted the allocation of new shares to a third party on January 27, 2011 as the subscription date. The allottees are ITmedia Inc. ("ITmedia", Chiyoda-ku Tokyo) and several private investors including Takaaki Nagayama (the former CEO of SunBridge Corp.) The Company's capital has been raised to 45,500,000 yen and its capital reserves to 33,500,000 yen.

In addition, Atsuo Fujimura, the director of ITmedia, was appointed as an external board member as of today.


Purpose Of Capital Increase

The Company was founded in April 2002 with Web media business mission. Since Apple Inc. launched iPhone in 2008, we have focused our efforts upon mobile application development for smartphones and provided customized applications for variety of businesses including ITmedia Inc. The purpose of the allocation of new shares to a third party is to accelerate our product development to catch up the ongoing growth of the smartphone market and e-book businesses.

The main purpose of capital increase is to employ resourceful developers and reinforce development of innovative platforms.


Corporate Profile Summary

MediaProbe Inc.
Location : 1-18 Shinsencho, Shibuya-ku, Tokyo Japan
Date of Foundation : April 2nd, 2002
Stock Capitalization : 45,500,000 yen (Capital Reserves: 33,500,000yen)
(More information available here)

Management Team
President & CEO :
Tai Watanabe
External Board Members :
Atsuo Fujimura (Director of ITmedia Inc.)
Joichi Ito (Director of Digital Garage, Inc.)
Shigeki Masuzawa
Auditor:
Fuyuki Sugawara