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Basic accord reached for new Net advertising company.

Culture Convenience Club, Co., Ltd.

May 20, 2005

Culture Convenience Club Co., Ltd. (“CCC”; Headquarters: Shibuya-ku, Tokyo, President:Muneaki Masuda) and IMJ Corporation (“IMJ”, Headquarters: Shinagawa-ku, Tokyo,President: Takahito Kashino) announced today that the companies have reached an agreement regarding the joint establishment of a new company. The details are as follows:

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