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Active Work Corp & E-Wave Co Ltd	Update Date: 10/10/08
Date Announced: 10/09/08
Value (million $USD): n/a

Status: Pending

TRANSACTION DETAILS
Date Announced	10/09/08
Date Originally Announced	10/09/08
Format	Acq. Part. Int.	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	n/a
Value	n/a	Advisor Fees	n/a

SYNOPSIS
JAPAN - E-Wave Co Ltd agreed to acquire a 5.3% stake in Active Work Corp, a developer of Internet software.

TARGET
Name	Active Work Corp
Industries	Information retrieval services; Telephone communications, except radiotelephone
City	Chiyoda-Ku, Tokyo
State	n/a
Nation	Japan
Incorporated in	n/a
Public Status	Private
Business Description	Active Work Corp, based in Tokyo, Japan, develops Internet software, computer integrated and application systems, and provides system consulting services. The company was founded in 1990.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	E-Wave Co Ltd (Nip Her Gt : 3732)
Industries	Computer programming services; Computer integrated systems design
City	Osaka-Shi, Osaka
State	n/a
Nation	Japan
Incorporated in	n/a
Public Status	Public
Business Description	E-Wave Co Ltd is based in Osaka, Japan. The Company's principal activity is to provide independent system development services. The Company's systems development enterprise performs the basic systems configuration of a customer company using object-oriented technology, ERP, etc. It has strength in Java and enterprise resource planning software. It is developing direct user demand from small and medium scale corporations. The operations are carried out through the following divisions: Systems development and Systems equipment sales.
Advisors	NULL
Acquiror Sales	81.2 million U.S. Dollar 8.61 billion Japanese Yen

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