COMPANY OVERVIEW Company Name : WEBIMPACT, INC. Paid in Capital : JPY 40,000,000 (USD 0.4 million) Establishment Date : Feb, 1998 Management : HOSOE, Harumi (Chairman and CEO) TAKAYANAGI, Hiroki (President and COO) Directors / Advisors: HOSOE, Harumi / Chairman and CEO TAKAYANAGI, Hiroki / President and COO HORIKAWA, Kenji / Director TAMURA, Koichi / Director SATO, Takaharu / Director SHIMAMOTO, Kazumichi / Director ISHII, Haruo / Auditor Advisory Office: HONGO TSUJI Certified Public Tax Accountant’s Corporation Head Office : 7F Perl Iidabashi Bldg. 4-5-11 Iidabashi Chiyoda-ku TOKYO, JAPAN Tel:+81/3/5212/3660 Fax:+81/3/5212/3645 www.webimpact.co.jp Toyohashi Branch : 303 Toyohashi Science Core 333-9 Hamaike Aza Nshi-Miyuki-Cho Toyohashi-Shi Aichi-Ken Main Shareholders: TAKAYANAGI, Hiroki / HOSOE, Harumi OBIC Business Consultant, Co., Ltd. - http://www.obc.co.jp/ - Tokyo Stock Exchange, listed code : 4733 NEO Japan, Inc. - http://www.neo.co.jp/ WEBIMPACT, INC. What Do We Do? Major business area of WEBIMPACT, INC. includes Server Software for Mobile Computing and Business Support Software Developments. Server Software for Mobile Computing: In this business area, we have killer solution JobCommunicator®; http://www.jobcom.ne.jp/ and EZ-Shift; http://www.ez-shift.com/ that is one of the Job Scheduling / Job Shifting / payroll system with the Internet and the mobile phone (using email service and web browsing for mobile phone) as an ASP and Server software. Our major markets are Human Resources Dispatch Companies, Franchise Chain-Store Companies, and Contact Center (Call Center) Companies that employ many part time workers. JobCommunicator® can make their job shifting operation significantly more efficient and as a result achieve operational cost efficiency. In Japan, we have been researching this new market for over 3 years. Now, we have over a hundred clients and tens of thousands users that are increasing by the day. Last year, we have completed the marketing phase. OBIC Business Consultants, Co. Ltd., who has the biggest share in the package payroll software business; KANJO BUGYO Series, and NEO Japan, Inc., who has the biggest share in a web-based groupware solution (with IP Phone); deskNET’S, have joined WEBHUT’s business as a shareholder and a strategic partner. Now, we are accelerating JobCommunicator’s business with strategic partners. Business Support Software Developments: WEBIMPACT, INC. is also a Web System Integrator specializing in Web System and Mobile Computing space. Based on Package Software and ASP business experience, WEBIMPACT can provide integrated business solution with our strategic partners’ softwares; deskNET’S (web-based groupware) and KANJO BUGYO Series (payroll packaged software). A deskNET’S supports full time employees’ daily work; Schedule, Discussion, Document/Cabinet, Project, User List, WebMail, Whereabouts, Workflow, Circulation, Reports and Information. On the other hand, JobCommunicator® supports part time employees’ Job Scheduling. Both of them are Web and Mobile Computing based. KANJO BUGYO Series support all employees’ payroll. This is the daily business work CYCLE. WEBIMPACT is one of the high quality web system integrator in Japan. We developed some mega-size portal site like GURUNAVI who has the biggest share of Japanese restaurants search engine (listed on JASDAQ). WEBIMPACT supports this type of system development and integration. WEBIMPACT, INC. Management Profile TAKAYANAGI, Hiroki (Nationality: Japan) President and COO of WEBIMPACT, INC. Lecturer of MBA program at RIKKYO University TAKAYANAGI, Hiroki received B.A. (1999) and M.A. (2001) from RIKKYO University in Tokyo. When he was a graduate school student, he studied about the social and economic influence of TCP/IP. During his study, he had great interests about the Internet Business. Then, he founded WEBHUT COMMUNICATIONS, INC. which is the antecedent company of WEBIMPACT, INC. in Sep. 1999 when he was 22 years old. Main business of WEBHUT in the first two years of establishment was web system integration. One of main clients was NTT East Company. WEBHUT and NTT East developed the web-based bulletin board (in university) system for mobile phone (NTT DoCoMo's iMode) called "Mobile V-Campus". WEBHUT researched various ways to use the mobile bulletin board in university and coded the core program. During the third year of operation, WEBHUT developed the own server software; JobCommunicator® that focused on JOB SCHEDULING as an ASP. He developed not only domestic sales channels but also global one. On the other hand, he made the technical alliance with other devise related company and structured the licensing and OEM business of JobCommunicator®. In Dec. 2004, he raised capital through common stock issuance from two strategic partner companies; OBIC Business Consultants Co. Ltd. and NEO Japan, Inc. Both of strategic partners have the biggest share of their software space in Japan. In Feb. 2006, WEBHUT COMMUNICATIONS, INC. and Cyber Space Japan, INC., who is one of the famous and traditional venture companies in Japan, merged in an equal merger to establish a new merged company "WEBIMPACT, INC." He became the president and C.O.O. and a largest share holder of WEBIMPACT. He is also interested in the business collaboration between BUSINESS and ACADEMIA, and he sometimes shares his opinion regarding such areas in medias and lectures. In April of 2002, he was invited to the committee for House of Representative as an entrepreneur in 154th Diet with Mr. TASAKA, Hiroshi, president of SOPHIA BANK, and Prof. YONEKURA, Seiichiro of HITOTSUBASHI University. He has been a lecturer of MBA program at RIKKYO University since 2002, and he is also a visiting researcher at Creating Center of Business Creators in RIKKYO University. His lecture courses include "Start-Up Strategy" and "Business Presentation Skills", among other topics. In Feb. 2005, he served as one of the judges for the International Business Contests for Students OVAL 2005. He concurrently serves as director of various venture businesses including, but not limited to: group director of United Group Corporation, director of Strategic Management Division in SIDC, Co. Ltd., Japan representative of EDUCOLOGY Consulting, and C.E.O. of WEBHUT HOLDINGS, INC. He belongs to The Japan Academic Society of Information and Communication Research, Public Policy Studies Association, The Japan Academic Society for Ventures and Entrepreneurs and Business Model Association, among other industry based societies. WEBIMPACT, INC.