Fusion Communications Corporation raised 1.95 billion yen in new issues allocated to third parties on December 31. Most of the new capital was provided by existing shareholders, but three new shareholders also invested, including PoweredCom and two venture capitalists. With this increase in capital, Fusion's paid-in capital is now 10.575 yen billion (with 8.975 billion yen in capital reserves).

The increase in capital was intended to strengthen Fusion's financial foundation to enable it to improve and expand services.

In addition, PoweredCom Inc., which paid 500 million yen for a 2.71% stake in Fusion, is a Type-1 telecommunications carrier that offers voice and data communications services, and owns a highly competitive data transmission network in Japan. Through this capital investment, PoweredCom becomes a Network Partner for FUSION IP-Phone services, allowing Fusion to offer services using PoweredCom's access lines. The two companies aim to build a collaborative, complementary partnership that utilizes the strengths of both companies to the fullest.