Announcement of Acquisition of Treasury Stock Shares
Tokyo, August 3, 2006 - Impress Holdings, Inc. (TSE: 9479), announced today that its board of directors has, at its meeting held today, approved a resolution to acquire treasury stock shares as follows, as per Article 459, Section 1 of the Corporations Code.
1. Reason for the Acquisition of Treasury Stock Shares
The Company intends to acquire treasury stock shares in order to address changing economic circumstances with flexible management and capital utilization.
| (1) | Type of shares to be acquired: | Ordinary shares of the Company |
| (2) | Total number of shares to be acquired: | No more than 5,000 shares (1.34% of outstanding shares) |
| (3) | Total amount of acquisition: | No more than 250 million yen |
| (4) | Acquisition period: | From Aug.4 to Sept. 15, 2006 |
(Reference: Treasury stock shares held as of June 30, 2006)
| Total number of share issued: | 372,168 shares |
| Of which, treasury stock shares: | 4,176 shares |
