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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: akirasawa who wrote (97890)	4/17/2000 3:15:00 PM
From: vagabond	Read Replies (1) \| Respond to of 108040

I'm guessing this is the IIJI news (not on Yahoo yet). Pardon the formatting, can't help it in this case... =============== (PR NEWSWIRE) IIJ Group Ties up with Samsung Corp. and InfoBank For Mobile Data Center in Korea TOKYO, April 17 /PRNewswire/ -- Internet Initiative Japan Inc. ("IIJ") (Nasdaq: IIJI) (headquarters: Tokyo, Japan, president: Koichi Suzuki) today announced that IIJ made an agreement with Samsung Corporation (Samsung, headquarters: Seoul, Korea, president: Woo Taik Chung, CEO: Myungkwan Hyun) and InfoBank Corporation (InfoBank, headquarters: Seoul, Korea, president: Tae-hyung Park and Jun-ho Jang) for establishment of a joint venture company tentatively named "i-Heart" for operating Mobile Data Center in Korea. Inception of service is scheduled in June, 2000. IIJ and its affiliate companies such as IIJ Technology Inc. and Crosswave Communications Inc. will have one-third stake in i-Heart, and Samsung and InfoBank will have other one-thirds for each. Details about i-Heart including total amount of capital, management and business plans are slated to be finalized at the middle of May. At the initial stage, i-Heart will focus on gateway solutions for mobile Internet, which converts existing 5 different wireless protocols into others and enables wireless content providers not to offer their services based on such 5 protocols. i-Heart will then extend its service to other data center services such as server hosting, systems integration and maintenance. "Korea is one of the most advanced Internet markets in Asia," said Koichi Suzuki, President and CEO of IIJ. "Especially, mobile Internet is unique and powerful field for further Internet growth. Combining Samsung's superior marketing capability, InfoBank's cutting-edge conversion technology in mobile gateway solutions and IIJ group's accumulated know how in operating large-scale Internet infrastructure including data centers, I believe i-Heart will have great presence in Korean market." The IIJ Group is committed to improve Internet quality with new network services over new network infrastructure while providing more users with better Internet connections, and strive to further the popularization of the Internet. About IIJ Internet Initiative Japan Inc. ("IIJ") is a Japan's leading Internet-access and comprehensive Internet solution provider mainly targeting high-end corporate customers. Founded in 1992 as a pioneer of commercial Internet services in Japan, IIJ has built one of the largest Internet backbone networks in Japan as well as between Japan and the United States. IIJ and its group companies provide total solutions ranging from new generation network services over optical-fiber infrastructure optimized for data communications, construction of Asian-wide IP backbone network, high-quality Internet access, securities, hosting/housing, contents design, and to systems integration. About Samsung Corporation Samsung Corporation is the biggest trading company in Korea which has more than 200 overseas branches worldwide. Besides playing a role of Internet generator through investments to domestic venture companies, Samsung Corporation concentrates on the new business development in international Internet market through technology cooperation with overseas Internet companies and exports domestic Internet technologies to world-wide market. About InfoBank Corporation InfoBank was established in June 1995 as the most prospective venture company in mobile communications and Internet integrated services. Utilizing its mobile platform, InfoBank Corporation provides various services including e-mail, GPS, e-commerce, and mobile gateway services for SK Telecom, KT Freetel, Shinsegi, Hansol PCS and LG Telecom. The main stockholders are Credit Information of Korea, Samsung Corporation, Daum Communication, Hyundai-Daum investment association, Mirae Asset Co., Korea Dream Capital and Shinyoung Securities. SOURCE Internet Initiative Japan Inc. -0- 04/17/2000 /CONTACT: Ms. Junko Higasa of IIJ Group Media-Investor Relations Office, +81-3-5259-6310, or press@iij.ad.jp / /Web site: iij.ad.jp / (IIJI)