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TOPIC: Company to act as incubator for Japanese firms.

Company to act as incubator for Japanese firms. 12 years 9 months ago #966

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[Direct Investment Japan Co., Ltd. Announces ...]
Direct Investment Japan Co., Ltd. Announces the Purchase of a Controlling Interest in Triad Industries, Inc.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--April 21, 2006 Direct Investment Japan Co., Ltd., ("DIJ") a Japanese corporation, announces that it has acquired a controlling interest in Triad Industries, Inc. (OTCBB:TDII), a Nevada corporation.

In a purchase agreement dated March 31, 2006, DIJ entered into a definitive agreement to purchase fifty and point nine percent (50.9%) of the issued and outstanding common stock of Triad Industries, Inc. from an independent group of TDII shareholders.

In connection with the stock purchase by DIJ, the existing officers and directors of Triad Industries, Inc. have resigned and all the following individuals have been appointed as the Company's new directors and officers: Makoto Omori, President and Chief Executive Officer, Seishi Murakami, Secretary and Toshiaki Sato,Treasurer.

DIJ is a Japanese corporation headquartered in Tokyo. DIJ provides business incubation services to promising early stage Japanese venture companies. DIJ's clients include companies in the safety apparel, food processing, education, temporary staffing and UV filtration industries.

Forward-looking statements made in this release are made pursuant to the "safe harbor" provisions of the Private Securities Reform Act of 1995. Forward-looking statements are not a guarantee of future performance.

CONTACT: Fetzer & Co. Alan Fetzer, 702-562-4383 This email address is being protected from spambots. You need JavaScript enabled to view it.

Last Updated: April 21, 2006 00:30 EDT

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Company to act as incubator for Japanese firms. 12 years 9 months ago #965

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[Company to act as incubator for Japanese firms.]
Company to act as incubator for Japanese firms.
Source: San Fernando Valley Business Journal: August 29, 2005 issue
Author(s): Garcia, Shelly

Hoping to jumpstart businesses that find trading on Japan's stock exchange too costly or too difficult, a wealthy Japanese businessman has formed an investment group to help these companies gain access to U.S. financial markets.

Through a newly formed public holding company, Westlake Canyon International Inc., Eiichiro Hemmi hopes to bring about 200 young Japanese companies to America in the next three years and list them on the OTC:BB exchange by executing reverse mergers for each.

"Putting these companies onto the pink sheets as subsidiaries of our parent company would make them more attractive to Japanese investors," said Hemmi, the chairman and CEO of Direct Investment Japan Inc., Tokyo-based holding company for Westlake Canyon International, speaking through an interpreter at temporary offices in Westlake Village recently. "They would get shares in an American company."

Five companies will initially join what Hemmi refers to as an incubator that will be located in offices now under renovation in Newbury Park. They include AFO International Inc., which manufactures and distributes spirits such as Awamori, a rice-based spirit that has taken on an appeal in Japan similar to single malt scotch in America; Tenguy World International Inc., a corporate training services company that the executives liken to the "Tony Robbins of Japan"; AirProtect International Inc., a maker of airbags outfitted into jackets and other apparel that protects motorcycle riders from injuries to the spine and neck if they fall; and a company that makes low-calorie sweetcakes from rice and beans.

Hemmi, a self-described rebel whose arrests as a college protester kept him from securing employment upon graduation, turned instead to an entrepreneurial venture developing schools to train corporate executives to advance to the next level. A few years after selling the business in 1991 he began to think about setting up a venture firm that would help younger companies gain access to capital for expansion.

"In Japan it is very restrictive to become a publicly held company," Hemmi said. "And most of the publicly held companies rely on debt financing."

Japan has several exchanges open to smaller companies, including the so-called Mother's market on the Tokyo Stock Exchange, JASDAQ and the Osaka Securities Exchange. But some experts say most of its financial system is still dominated by large banks, often divisions of some of the country's largest companies.

Because of the orientation toward mega-corporations, the argument goes, the small, developing companies have difficulty gaining access .to debt funding, and, if they choose to go public, they are forced to lower their share to compensate for the perceived risk associated with these smaller ...

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