| June 18 ,2008 |
| To Whom It May Concern: |
| Funai Electric Co., Ltd. Representative: Tetsuro Funai, President and CEO (Code No.: 6839 First Section of TSE/OSE) Contact : Naoyuki Takanaka Invester/ Public Relations Department TEL: +81-72-870-4395 |
Notice Concerning Establishment of a Subsidiary
Funai Electric Co., Ltd. (H.Q. Daito City, Osaka Pref. in Japan) is pleased to announce the establishment of a subsidiary for the sourcing, distribution, marketing, and sales activities of Philips brand consumer television business in the United States and Canada 〔Please refer to the public announcement of the intended license agreement dated April 9, 2008 with Royal Philips Electronics (H.Q. in The Netherlands , AEX; PHI, NYSE;PHG)
1. Outline of the Subsidiary
(1) Company Name: |
P&F USA, Inc. |
|---|---|
(2) Address: |
3015 Windward Plaza, Windward Fairways 11, Alpharetta, Georgia 30005, U.S.A. |
(3) Paid in Capital: |
USD 30,000,000. – (JPY ca3billion) |
(4) Ownership: |
100% wholly-owned |
(5) Representative: |
Shinji Seki (Funai Electric Co., Ltd. Officer) |
(6) Date of Establishment: |
June 13, 2008 |
Notice Concerning Establishment of a Subsidiary [PDF:15KB]
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