OMRON Healthcare Announces Dissolution of Affiliated Company.Kyoto, Japan, June 21, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - OMRON Healthcare Co., Ltd. ('OHQ'), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of OMRON Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 6645; ADR ADR - Astra Digital Radio : OMRNY), has decided at a Board of Directors Meeting today to dissolve A Web site design technique borrowed from the film and video industry in which the transition between two Web pages is represented visually by one page fading into another. Also known as a "soft cut," the result is achieved in the HTML coding of the images to gradual pre-determined its overseas affiliated company COLIN EUROPE SARL SARL South African Radio League SARL Société Anonyme à Responsabilité Limitée (French: limited liability company) SARL Salem Animal Rescue League (Salem, NH) SARL Sociedade Anónima de Responsabilidade Limitada (located in France). 1. Reason for dissolution COLIN EUROPE SARL has been engaged in the sales of patient monitors and other medical equipment for medical professionals in Europe. However, in order to expand its business throughout the European region, raise service standards and improve sales efficiency, OHQ OHQ Operational Headquarters (Malaysia) OHQ On-Hand Quantity has decided to dissolve COLIN EUROPE SARL, and transfer its business to OMRON HEALTHCARE FRANCE SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. . OMRON HEALTHCARE FRANCE SAS is scheduled to be established on July 1, 2006, as a 100% owned subsidiary of OMRON HEALTHCARE EUROPE B.V. (located in The Netherlands), which itself is wholly owned by OHQ. 2. Company profile
1) Trading Name COLIN EUROPE SARL
2) Location Courbevoie, FRANCE
3) Representative Yoshiaki Hirai
4) Date of Establishment June 25, 1999
5) Capital 250,000 euros
6) Shareholders Colin Medical Technology Corporation
(99.9% owned by OHQ)
7) Description of Business Sales of medical devices
8) Term of fiscal year March
9) No. of employees 8 (as of March 31, 2006)
3. Date of Dissolution March 2007 (scheduled): Resolution to dissolve at said company March 2008 (scheduled): Completion of liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy 4. Forecast The effect to our financial results for the fiscal year ending March 2007 will be minimal. Reference: Profile of OMRON HEALTHCARE EUROPE B.V.
1) Location Hoofddorp, THE NETHERLANDS
2) Representative Yutaka Kobayashi
3) Capital 1,000,000 euros
4) Shareholders 100% owned by OHQ
5) Description of business Sales and import/export of home medical
devices and patient monitors etc. for
use by medical professionals in the
European market
Profile of OMRON HEALTHCARE FRANCE SAS (to be confirmed)
1) Location Rosny-sous-Bois, FRANCE
2) Representative Didier Chicheportriche
3) Capital 500,000 euros
4) Shareholders 100% owned by OMRON HEALTHCARE EUROPE
B.V.
5) Description of business Sales & import of home medical
devices for the French market.
Import/export and sales of
patient monitors for use by medical
professionals in the European market.
6) Scheduled date of establishment July 1, 2006
About OMRON Headquartered in Kyoto, Japan, OMRON Corporation is a global leader in the field of automation. Established in 1933 and headed by 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. Hisao Sakuta, OMRON has more than 26,000 employees in over 35 countries working to provide products and services to customers in a variety of fields including industrial automation, electronic components, social systems (ticket gate machines, ticket vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. , and traffic control), and healthcare. The company is divided into five regions and head offices are in Japan (Kyoto), Asia Pacific (Singapore), China (Shanghai), Europe (Amsterdam) and US (Chicago). For more information, visit OMRON's website at www.omron.com Source: OMRON Contact: Taeko Ogose, General Manager Corporate Brand Communications Department Phone:+81-75-344-7175 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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