Soliste Corporation (JASDAQ code: 9847), an ITX Corporation subsidiary, has revised its earnings projections for the year ended March 31, 2007, which were announced on November 7, 2006. Details are as follows.

At a meeting of the Board of Directors on March 28, 2007, ITX Corporation passed a resolution to dissolve consolidated subsidiary Promotions Corporation.

1. Outline of dissolved subsidiary

Company name: Promotions Corporation
President: Yuji Hara
Location: 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo 100-6014, Japan
Operations: Content and media businesses
Established: March 2001
Capital: 470 million yen Fiscal year: March
Stockholders: ITX: 100%

2. Reason for dissolution

In the context of an ongoing proactive reassessment of the ITX investment portfolio, ITX has decided to dissolve Promotions Corporation to increase business efficiency. As part of a realignment of the ITX Group’s business assets in March 2006, Promotions’ digital solution business, a mainstay business at that time, was transferred by corporate separation to another ITX consolidated subsidiary.

3. Timetable of dissolution

March 30, 2007: Resolution passed by Promotions to dissolve Promotions
March 31, 2007: Promotions dissolved
September 2007: Scheduled completion of liquidation of Promotions

4. Impact on ITX’s consolidated business results

The liquidation of Promotions had negligible impact on ITX’s consolidated and nonconsolidated business results for the year ended March 31, 2007.