Tower Records Japan and NTT DoCoMo to Form Business Alliance through Capital Tie-Up.Tokyo, Japan, Nov 7, 2005 - (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) - Tower Records Japan Inc. (TRJ TRJ Textile Research Journal TRJ Therapeutic Recreation Journal (quarterly journal of the National Therapeutic Recreation Society) TRJ The Romance Journal TRJ Toal, Reutter, Jackman Refrigeration (Oxnard, CA) ) and NTT DoCoMo, Inc. announced today that they will form a business alliance through a capital tie-up to jointly offer various DoCoMo phone services. The capital tie-up will enable TRJ and DoCoMo to leverage mutually beneficial strengths. TRJ, aiming "To Be The Best Place to Find Music," operates an extensive network of more than 100 outlets in Japan and has developed a very strong brand, particularity par·tic·u·lar·i·ty n. pl. par·tic·u·lar·i·ties 1. The quality or state of being particular rather than general. 2. among young people and music lovers. DoCoMo boasts about 50 million customers and extensive know-how in operating i-mode mobile Internet and "Osaifu-Keitai" wallet services. The combination of these strengths and resources will foster new value-added services and increase convenience for both company's customers. TRJ sees great potential in mobile phone as a tool for marketing through this tie-up. DoCoMo expects to increase the value of its mobile phones as essential tools for everyday life by turning them into powerful devices for enjoying music related information. TRJ will become a model retailer for the implementation of DoCoMo's coming new credit payments service using "Osaifu-Keitai" wallet phones. In addition, users of DoCoMo's new "ToruCa" information-capture service will provide to obtain information such as artists, CDs, special offers from recording labels and more at TRJ stores. DoCoMo will acquire an approximate 42% stake in TRJ for about 12.8 billion yen in the form of shares through third-party allocations and others around late November. About TOWER RECORDS Japan Inc. TOWER RECORDS Japan was established in Japan as a branch office of the US company MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. Inc. in 1979, and incorporated as Tower Records Japan (TRJ) in 1981. Completed management buyout in October 2002, and announced new organizational structure. Acquired 100% of stock of Wave Co.,LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . in April,2004. Currently, TRJ operates 78 stores as Tower Records under Tower brand and 31 stores as Wave brand. NMNL NMNL Nested Multinomial Logit LTD., its 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. is engaged in operating e-commerce site '@TOWER.JP' online music information site 'bounce.com,' mobile website 'TOWER MOBILE,' and publishing three free magazines, 'bounce,' 'intoxicate,' and 'TOWER'. Copyright [c] 2005 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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