October 2, 2001

Fusion Adds Capital and Customers
Third-Party Allocation of Shares Brings in 4 billion Yen as Phone Service Customer Base Tops 700,000

Fusion Communications Corporation has carried out a third-party share allocation totaling 4 billion yen and has added 10 new shareholders to the list of companies with a financial stake in its business. Aimed at equipping Fusion with the stronger financial base it needs to further improve and expand its services, the infusion of funds boosted the company's capitalization to 7.1 billion yen and pushed up its capital reserve to 5.5 billion yen.

Fusion launched telephone services on April 1 of this year and has enjoyed solid customer support. Its customer base grew to more than 700,000 during the first six months of operation, and the company is well on track to achieve its initial target of signing up 1 million customers by the end of the current fiscal year next March.

Along with preparing for an upswing in telephone demand, Fusion is also moving to fortify its data communications services. The company is tripling the line capacity of its Fusion IP Network, which at the outset could accommodate 1 million lines but by the end of this month will be able to handle 3 million.