NEW YORK, March 11, 2008 (PRIME NEWSWIRE) -- Internet Initiative Japan Inc. (IIJ) (Nasdaq:IIJI) (TSE1: 3774), one of Japan's leading Internet access and comprehensive network solutions providers, today announced it will establish On-Demand Solutions Inc., as a 100%-owned subsidiary providing on-demand printing services primarily to companies in the financial industry. Mr. Mitsuru Koike, a senior councilor with Nomura Research Institute, Ltd., (NRI) (TSE1: 4307) will serve as president of the new venture.
With the enactment of the Financial Products Exchange Law, the financial industry as a whole is bolstering its customer service efforts, and the casualty insurance industry especially is confronted with the need to strictly enforce compliance. From the viewpoint of compliance, they must use standardized product pamphlets, contracts, and other documents at their branches and agencies, and thus there is a growing need to build an effective document management system. There is also a need to drastically reduce the cost of distribution of these materials.
The On-Demand Solutions platform consists of a network of digital multifunction printers located at the branches and agencies that can access documents saved at the On-Demand Solutions datacenter and print them on demand. This platform enables centralized management of documents at the datacenter and quick distribution of new documents to all branches and agencies. It also dramatically reduces the printing, distribution, and storage costs typically associated with revising documentation, and it also reduces the cost of disposing of the old documents.
Leveraging IIJ's expertise with network technology and its secure datacenter environment, the company plans to expand beyond on-demand printing to serve a wide range of business needs including value-added printing, and data storage and search capabilities via the digital multifunction printers.
With the addition of On-Demand Solutions to the IIJ Group as a 100%-owned subsidiary, we are strengthening our service platform in the financial industry and taking advantage of the rapidly expanding SaaS business. The effects of this move on the consolidated results for the year ending March 31, 2009, are expected to be very slight.
-- On-Demand Solutions
1. Name On-Demand Solutions Incorporated
2. Start of operations April 1, 2008
3. Headquarters Jinbocho Mitsui Bldg., 1-105 Kanda
Jimbo-cho, Chiyoda-ku, Tokyo
4. Capital and Reserves JPY 130, 000,000
5. Shareholders IIJ 100%
6. Business fields Print on demand and related services
7. Board members Mitsuru Koike, President and
Representative Director
(Planned. Currently a senior councilor for
Nomura Research Institute, Ltd.)
Hideshi Hojo, Director
(Senior Managing Director, Director
of Sales Division, IIJ )
Kyoji Kanda, Director (Manager of IIJ
Sales Division)
Akihisa Watai, Statutory Auditor (Director
and CFO of IIJ)
About IIJ
Founded in 1992, Internet Initiative Japan Inc. (IIJ) (Nasdaq:IIJI) (Tokyo Stock Exchange TSE1: 3774) is one of Japan's leading Internet-access and comprehensive network solutions providers. IIJ and its group of companies provide total network solutions that mainly cater to high-end corporate customers. The company's services include high-quality systems integration and security services, Internet access, hosting/housing, and content design. Moreover, the company has built one of the largest Internet backbone networks in Japan, and between Japan and the United States. IIJ was listed on NASDAQ in 1999 and on the First Section of the Tokyo Stock Exchange in 2006. For more information about IIJ, visit the IIJ Web site at http://www.iij.ad.jp/en/.
The Internet Initiative Japan Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4613
The statements within this release contain forward-looking statements about our future plans that involve risk and uncertainty. These statements may differ materially from actual future events or results. Readers are referred to the documents furnished by Internet Initiative Japan Inc. with the SEC, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.
This was released in Tokyo on March 12, 2008.