Weathernews Establishes Subsidiary in Italy

Weathernews Inc. announced today that it has established a subsidiary to be headquartered in Milan, Italy.

• Aims of Establishment of Subsidiary
  
  Weathernews set up the new subsidiary in Italy as one link in its global strategy, and in particular to strengthen its operations in Europe. This action follows similar steps the company took last year to bolster its business in the United States. Besides further reinforcing the present network of European bases in the U.K., Germany, and the Netherlands, Weathernews had been planning for some time to open new bases in promising markets, including Italy and Spain. Establishing the new company headquartered in Milan, Italy, is a part of this overall plan.

• Purpose of Establishing New Subsidiary
  
  • Marketing of weather information services to corporate customers in Italy
  • Marketing of weather information services to individuals and the general public in Italy

• Outline of Company
  

  Name:	Weathernews Italia S.p.A.
  Address:	Via Appiani Andrea 12, Cap 20121 Milan, Italy
  Date of establishment:	January 30, 2004
  Capital:	250,000 euro
  Representative directors:	T. Francis Yukawa, Chairman (Executive Vice President, Weathernews Inc.) Guido Merighi, President (Weathernews Italia S.p.A.) Hiroyoshi Ishibashi, Director (Group Chairman&CEO, Weathernews Inc.)
  Reporting period:	March 31 of each year

 

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