April 2, 2001

Fusion Inaugurates Service, Increases Capitalization

After a year of preparation since its founding in March 2000, Fusion Communications Corporation inaugurated telephone and Internet connection services on April 1. Fusion is a new-generation provider of telecom services based primarily on IP technology.

Customers who have applied to use Fusion's telephone services may avail themselves of the company's long-distance and international services by prefixing their calls with Fusion's 0038 access code. (Beginning on May 1, when the MYLINE Carrier Selection Service is inaugurated, telecom users who have designated Fusion as their primary carrier need not dial the 0038.) These customers may also use our Internet connection service.

On April 1, Fusion's employees held a service inauguration ceremony at company headquarters. At the ceremony all employees renewed their hope to have even more customers sign up for Fusion's services.

In conjunction with the inauguration of services, Fusion has initiated a 7-billion yen capital increase allocated to designated third parties as a means of bolstering the company's financial base for future business development. In addition to existing shareholders (other than NTT Data), a total of 27 new shareholders--including such business partners as Anritsu Corporation, such financial institutions as Nikko Principal Investments Japan, and venture capital concerns--participated in the placement. The private placement follows an original capitalization of 100 million yen at the company's founding in March 2000 and a capital increase of 1.6 billion yen last December.