Canon opens new headquarters to oversee operations in Latin America.

MIAMI--(BUSINESS WIRE)--Nov. 6, 1996--Canon U.S.A. Inc. announced today the opening of the new headquarters for its subsidiary Canon Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. Inc.

The new headquarters, located at 6505 Blue Lagoon Blue Lagoon

Blue Lagoon (geothermal spa) in Iceland
Blue Lagoon (band), a German reggae-pop covers band ()
Blue Lagoon, a resort located at Bateau Bay on the Central Coast of New South Wales, Australia

Drive, in Miami, will house the offices of Canon Latin America which oversees the operations of Canon in Central and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and the Caribbean.

"I am very pleased to have the new headquarters for Canon Latin America in Miami," said Haruo Murase, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Canon U.S.A. and chairman of Canon Latin America.

"With Canon Latin Lat·in
n.
1.
a. The Indo-European language of the ancient Latins and Romans and the most important cultural language of western Europe until the end of the 17th century.

b. America's availability to all of Latin America, we will be able to grow our business in this strategic marketplace," Murase added.

Canon Latin America currently has subsidiary companies in Panama, Chile and Brazil.

"Canon is now perfectly situated to expand its sales activity and customer support in the Latin American market, and to provide marketing and other services to our dealers in the region," said to Takao Mishiro, president of Canon Latin America.

Canon U.S.A. Inc., headquartered in Lake Success, N.Y., oversees all Canon operations in the Western Hemisphere Western Hemisphere

Part of Earth comprising North and South America and the surrounding waters. Longitudes 20° W and 160° E are often considered its boundaries. . Canon has sales and marketing, manufacturing, research and development companies throughout this region. In 1995, Canon U.S.A. had revenues of $7.1 billion and employs more than 9,000 people at more than 30 facilities in North, Central and South America and the Caribbean.

CONTACT: Canon U.S.A. Inc.

Russell Marchetta, 516/328-5145

rmarchetta@cusa.canon.com

Web site address: www.usa.canon.com

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Publication:	Business Wire
Date:	Nov 6, 1996
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