Knecht, Inc. and Mitsui Ventures to raise funds through third-party allotment

On June 18, 2007, Mitsui Ventures (Headquarters: Headquarters: Chiyoda-ku, Tokyo; Osamu Nagao), the third company, Knecht, Inc. (Head office: Naoto Hagiwara, Representative in Chiyoda- We announced that seed fund procurement was carried out through the allocation of new shares.

The purpose of this capital increase is to establish a structure as a corporation and to improve the business foundation. From Mitsui Ventures, we receive hands-on support including not only seed funds but also provision of incubation space and business advice.

Knecht, Inc. plans to procure additional funds later this year to strengthen the full-scale development system in the future.

【About Mitsui Ventures】

“Mitsui Ventures” is a collective term for venture investment projects that Mitsui has developed globally. It can be said that Mitsui’s traditional taste is to launch a new business or to support it, but Mitsui Ventures’ efforts are to embody its “entrepreneurial” tradition in the form of venture investment. In order to make various “entrepreneurs” succeed, Mitsui Ventures makes investments to provide value that actually serves useful for the development and growth of venture companies, making full use of the business strength and global perspective that are the strengths of trading companies. The operating company, MVC Co., Ltd., a wholly owned subsidiary of Mitsui & Co., Ltd., operates funds totaling approximately 15 billion yen and invests mainly in venture companies in Japan, China and Korea I will. Mitsui & Co. Venture Partners, Inc. (a subsidiary of Mitsui & Co., Inc., Silicon Valley, NY) operates more than 250 million dollars in the United States, and it has invested in North America IT and Life Sciences We are investing in venture companies.

Mitsui Ventures: Mitsui Ventures will provide seed funding to “Knecht, Inc.” that develops and provides Web 2.0 mashup service