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IIJ Completes Acquisition of hi-ho Inc. For Immediate Release

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									For Immediate Release



                              IIJ Completes Acquisition of hi-ho Inc.

TOKYO, June 1, 2007 -- Internet Initiative Japan Inc. (“IIJ”, NASDAQ: IIJI, TSE1: 3774), one of Japan's
leading Internet access and comprehensive network solutions providers, today announced that on June 1, 2007,
IIJ completed the acquisition of 100% of the shares of hi-ho Inc. (“hi-ho”), following a spin-off from
Panasonic Network Services Inc. (“PNS”), as announced in IIJ’s press release dated March 29, 2007. (*1)
As of June 1, hi-ho will operate as a 100% owned subsidiary of IIJ.

hi-ho will continue to operate its ISP business that was provided by PNS under the “hi-ho” service brand, and
the solutions business that PNS provided to corporate customers. hi-ho will leverage the IIJ Group’s
technology and operational know-how accumulated in its corporate services to develop and provide high
quality services that customers demand and will offer safer, more secure network services that deliver high
customer satisfaction.

To commemorate this commencement of business, hi-ho is conducting a customer loyalty campaign for existing
individual customers starting on June 1 at 3:00 p.m. (JST). For details, please visit the hi-ho website. (*2)

(*1) Press release URL: http://www.iij.ad.jp/en/news/pressrelease/2007/0329-2.html
(*2) Campaign URL: http://home.hi-ho.ne.jp/home/campaign/4649814/index.html (Japanese Only)



About hi-ho
   (1) Company name hi-ho Inc.
   (2) Location     Headquarters: Kyobashi MID Building, 2-13-10, Kyobashi, Chuo-ku, Tokyo,
                    104-0031, Japan
                    Osaka Office: Koraibashi Wako Building, 1-6-8, Koraibashi, Chuo-ku, Osaka-shi,
                    Osaka, 541-0043, Japan
   (3) Established  June 1, 2007
   (4) Capital      JPY 100 million
   (5) Shareholders IIJ 100%
   (6) Business     Internet access service business and corporate solutions business
   (7) Employees    47 (as of June 1, 2007)
   (8) Officers     Koichi Suzuki, Chairman and Representative Director
                    (President and Representative Director of IIJ)
                    Isao Momota, President and Representative Director
                    Junichi Shimagami, Director (Division Director of Network Service Department of IIJ)
                    Naoshi Yoneyama, Director (Division Director of Sales Department of IIJ)
                    Junichi Tate, Statutory Auditor (Standing Auditor of IIJ)
   (9) URL          http://home.hi-ho.ne.jp/company/
About IIJ
Founded in 1992, Internet Initiative Japan Inc. ("IIJ", NASDAQ: IIJI, TSE1: 3774) is one of Japan's leading
Internet-access and comprehensive network solutions providers. IIJ and its group of companies provide total
network solutions that mainly cater to high-end corporate customers. The company's services include
high-quality systems integration and security services, Internet access, hosting/housing, and content design.
Moreover, the company has built one of the largest Internet backbone networks in Japan, and between Japan
and the United States. IIJ was listed on NASDAQ in 1999 and on the First Section of the Tokyo Stock
Exchange in 2006. For more information about IIJ, visit the IIJ Web site at http://www.iij.ad.jp/en/.

The statements within this release contain forward-looking statements about our future plans that involve risk and
uncertainty. These statements may differ materially from actual future events or results. Readers are referred to the
documents furnished by Internet Initiative Japan Inc. with the SEC, specifically the most recent reports on Forms
20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in
the forward-looking statements.



For inquiries, contact:
IIJ Corporate Communications
Tel: +81-3-5259-6310      E-mail: press@iij.ad.jp    URL: http://www.iij.ad.jp/

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