 02/12/01 Mitsui & Co., Ltd., and DMIND Announce eBusiness Alliance Relationship Extends DMIND's Global Reach; Investor Attention
NEW YORK — February 12, 2001 — Mitsui & Co., Ltd., one of Japan's largest trading conglomerates and a major force in international business development, and DMIND Corporation, a leading provider of e-business software and solutions, today announced a strategic alliance to provision e-business solutions for Mitsui. Mitsui, with holdings in every major industry and considered one of the premier IT infrastructure companies in Japan, also made a substantial investment in DMIND.
Ken Yamamoto, General Manager of Mitsui & Company's IT Solution Department, pointed to DMIND's products, including its soon-to-be-released next-generation Internet application, as solid Web infrastructure offerings and key to that company's decision to partner with DMIND. "We believe DMIND Corporation possesses the right formula for success - its mix of human capital and product development and deployment - in the global e-business marketplace. This alliance strengthens Mitsui's presence in the e-business marketplace."
Through its software and solutions, DMIND Corporation will work closely to help strengthen the Mitsui portfolio of companies in Japan. Among the initial projects will be BSI Co., Ltd., one of Japan's premier Internet, software and systems integration companies, specializing in wireless solutions.
"Our strategic alliance with Mitsui is significant, as is their investment in us," stated Thomas C. Kwon, DMIND's CEO/chairman. "It confirms the DMIND business model, which has evolved over the past four years. DMIND's products and solutions continue to Web-enable a wide variety of highly successful companies. Our next-generation Internet software product will be a big step forward in empowering the e-business landscape globally."
About Mitsui & Co., Ltd.
Mitsui & Co. is one of Japan's leading sogo shosha or general trading companies, with total trading transactions of $118 billion dollars for the fiscal year ended March 31, 2000. Since its founding, Mitsui has helped to drive the development of the Japanese economy and has contributed to growth in many other economies around the world by creating new trade flows and making business investments in new enterprises and industrial sectors. Mitsui is working to seize the initiative as a fully "e-enabled" sogo shosha, with the dual aims of assisting its clients in realizing their maximum business potential and enhancing its own corporate value.
About DMIND Corporation
Founded nearly five years ago by Tom Kwon and Ron B. Cagenello, Ph.D., DMIND is one of New York City's early "Silicon Alley" settlers. The company, which now employs in excess of 80 people, works with a number of clients across a broad range of industries including AIG, Akamai, Amerada Hess, The American Advertising Federation, BondConnect, BroadSoft, Intira, Lucent Technologies, Tavern on the Green and the White House, among others. The company's offerings include a unique blend of strategic insight, proprietary technology, creative implementation and products to provide complete Web solutions, empowering technical and non-technical individuals to dynamically create, deploy and manage Web applications and related assets. Visit www.dmind.com for information.
DMIND is an active member of a number of associations and organizations across many of its key target industries, including the American Advertising Federation, American Business Media, Business Marketing Association, International Advertising Association, American Marketing Association, New York New Media Association, Association of Asian American Advertising Agencies and New York Software Industry Association.
Contact:
Michael Ambrosio
DMIND Corporation
212-487-7400 x 237
mambrosi@dmind.com
John Kogiku
Mitsui & Co., Ltd.
+81-3-3285-7340
k.kogiku@xm.mitsui.co.jp
Masaaki Hoshikuma
Mitsui & Co. (U.S.A.), Inc.
212-878-0963
MHoshiku@nyc.mitsui.com
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