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デュエルビッツ カジノ

デュエルビッツ カジノel announces simple- and short-form merger of consolidated subsidiary through absorption

October 28, 2010

デュエルビッツ カジノel, Ltd. announced today that at its Board of Directors' meeting convened on October 28, 2010 it had passed a resolution to effect an absorption-type merger of its wholly-owned subsidiary Kobe Welding Wire Co., Ltd.

1. Purpose of the Merger

The principal activity of Kobe Welding Wire Co., Ltd., a wholly-owned subsidiary, is the manufacture of solid welding wire, a type of welding consumable. Merging Kobe Welding Wire into デュエルビッツ カジノel's Welding Business will unify operations, as well as effectively utilize management resources and promote the further strengthening of its business foundation.

Profile of Kobe Welding Wire (as of March 31, 2010)

Company name : Kobe Welding Wire Co., Ltd.
Location : Fukuchiyama, Kyoto Prefecture
President : Mitsuo Takamura
Capital : 250 million yen
Sales : 9,993 million yen (fiscal 2009)

2. Schedule for the Merger

Resolution at Board of Directors' meeting : October 28, 2010
Signing of agreement : October 28, 2010
Effective date (date of merger) : April 1, 2011

3. Effect on デュエルビッツ カジノel's Business Results

This merger will have no effect on the consolidated business results of デュエルビッツ カジノel, Ltd., as デュエルビッツ カジノel will effect an absorption-type merger of a wholly owned subsidiary.