News Releases

4/23/2001

Hitachi and Vote.com to Establish a Joint Venture "VOTE Japan"

Apr 23, 2001 10:06 AM

Aiming At the Realization of e-Democracy That Will Enable the Reflection of Citizens' Voices Directly to the Society

Hitachi, Ltd., (NYSE:HIT)(TSE:6501) based in Chiyoda-ku, Tokyo, President & Director: Etsuhiko Shoyama, hereinafter abbreviated as Hitachi) and Vote.com, Inc. (based in New York, NY, U.S.A., President: Dick Morris, hereinafter abbreviated as Vote.com) today announced that the two companies have reached an agreement to establish a joint venture, VOTE.co.jp, Inc. (tentative name, hereinafter abbreviated as VOTE Japan) on May 10 of this year. The joint venture will focus on the implementation of a "Citizens' Vote" which will collect the voices of the people making the best of the Internet, and convey them to decision makers.

Hitachi is deploying a total solutions project for electronic administrations ranging from efficiency improvement of public services to the assessment of administrations, and has been so highly evaluated that over 5,000 people from the administrations sector have already visited its Electronic Administrations Showroom, the first of its kind in Japan. Vote.com is operating a new business focused on the realization of e-democracy through a website, which attracts citizens' opinions concerning contemporary news and has conveyed the voices of over 27 million people to "suitable" administrative decision makers. VOTE Japan will aim to become a new media focused on citizen participation. VOTE Japan will form a bridge between citizens who wish to communicate their opinions to the administrations and public organizations who want to hear them, joining together the technology and know-how of its parent companies.

VOTE Japan will provide the following services:

1. Media service focused on participation by citizens using the Internet

a. This will provide a forum on the VOTE Japan web site for citizens to vote their opinions with themes related to everyday topics.

b. The service will convey the results of voting together with the voters' e-mail addresses as the citizens' voice to the policy decision makers and relevant officials.

2. Awareness research solution service focused on a voting box system

a. Evaluating administration services in the public organizations using its unique voting box system

b. A total service of system integration constructing the entire website.

3. Consultation service regarding e-democracy

a. Consultation services including study and research of the society focused on participation by citizens and drafting of concepts

Overview

1. Name: In English: VOTE.co.jp Inc. (tentative)

2. Location of headquarters: Minato-ku, Tokyo

3. Content of business: Planning content which gathers opinions from Internet users, consultation, research, study, lectures, solution services including sales of licenses for systems, and advertisement

4. Capital: 250 million yen at the time of establishment Funded by: Hitachi, Ltd. 52%; Vote.com, Inc. 48%

5. Sales plan: 300 million yen for fiscal 2004

6. Settlement term: March 31

7. Planned date of establishment: May 10, 2001

8. Representative Officers: Kanji Kato, CEO; Kumi Yokoe, President

9. Number of staff members: 10 persons (at the time of establishment) (10) URL: http://www.vote.co.jp/

For Media/Investor Inquiries, please contact:

Gerard F. Corbett
Hitachi America, Ltd.
Vice President
Corp. Communications Group
Tel:(650) 244-7900
Fax: (650) 244-7920
gerard.corbett@hal.hitachi.com

VOTE.co.jp Inc.(tentative)
Tahara (person in charge)
Tel: (03)5733-4354 (dial-in)

Nohmi/Hirano (person in charge)
Tel: (03)5471-8910 (dial-in)

For all other inquiries please call:
1-800-HITACHI

If you have any questions specifically about Investor Relations in the United States, please contact our Investor Relations Department at investor.info@hal.hitachi.com