Tokyo, Japan, December 6, 2011— Press Release
General Solutions and nexxar today signed a business alliance agreement in the field of online annual reports. The aim of the agreement is to leverage each company’s strengths to deliver high-end, cutting-edge online annual reports in the Japanese marketplace to publicly listed corporations. The two companies have been working together for around two years now.
HTML-based online annual reports have become a popular way of delivering investor information in recent years in Europe and the U.S. as they offer effective delivery and satisfy environmental concerns surrounding use of paper and other resources for printing reports. However, Japanese corporations have lagged behind their Western counterparts in the use of HTML to deliver annual reports, which remain an important part of a company’s communications package.
General Solutions and nexxar see an opportunity to help Japanese corporations quickly catch up with companies in leading industrialized nations by offering a solution that involves little change to the traditional annual report production process on the part of clients. General Solutions will draw on its nearly 30 years’ experience and track record in producing annual reports to produce report content and conduct project management. nexxar, for its part, will be responsible for online annual report implementation, leveraging its 10 years’ experience at the vanguard of online annual reports and cutting-edge automated production process. The two companies will work hand in hand to produce high-end, high-quality printed and online annual reports that will be delivered simultaneously.
Under the agreement signed today, General Solutions will act as nexxar’s exclusive agent in the Japanese market for online annual reports.
As leading companies in producing printed and online annual reports, respectively, both General Solutions and nexxar are committed to improving the standard of corporate reporting in Japan through an alliance that offers clients the best of both worlds.
General Solutions and nexxar will hold a seminar on December 7 that is designed to educate the Japanese market, and inform existing and potential clients of the joint service offering.
