Receipt of Notice Concerning Filing by Hikari of Provisional Injunction For Suspension of Execution of Duties by Crayfish CEO

Apr 24, 2001, 01:00 ET from Crayfish Co., Ltd.

    TOKYO and NEW YORK, April 24 /PRNewswire Interactive News Release/ --
 Crayfish Co., Ltd. (Nasdaq: CRFH; MOTHERS: 4747), a leading provider of
 e-mail and other Internet-related services to small and medium-sized
 businesses in Japan, announced that today it received from the Tokyo District
 Court a notice concerning filing of a provisional injunction by Hikari
 Tsushin, Inc. ("Hikari").  A provisional injunction is a temporary order from
 a court that is made pending resolution of a claim.
     In the notification, Hikari filed for the following provisional
 injunction:
 
     1) For Mr. Isao Matsushima's duties as CEO and President of Crayfish to be
        suspended until the conclusion of the litigation,
     2) That Crayfish not allow Mr. Isao Matsushima to continue to execute his
        duties as CEO and President until the conclusion of the litigation, and
     3) For an interim CEO and President to be appointed to take on Mr. Isao
        Matsushima's duties until the conclusion of the litigation.
 
     Crayfish believes that Hikari's filings are not justified in anyway and
 will contest against the action at the Tokyo District Court.
     Mr. Matsushima is scheduled to appear in court on April 26, 2001 to
 contest the provisional injunction sought by Hikari.
 
     About Crayfish
     Crayfish is a leading provider of e-mail hosting and other
 Internet-related services for small and medium-sized businesses in Japan.  The
 Company offers customizable, reliable and expandable email services and
 Internet solutions under the brand name "DESKWING"* as well as other Internet
 application services to enhance its customers' communication, office operation
 and e-commerce capabilities. Founded in 1995, Crayfish had over
 43,000 DESKWING subscribers in Japan as of the end of February 2001.  The
 Company has its American Depository Receipts (ADRs) listed on Nasdaq National
 Market (ticker: CRFH) in the USA, and its common shares listed on MOTHERS
 (ticker: 4747) in Japan. Crayfish Co., Ltd. headquarters is located at
 Shinjuku Park Tower 35th Fl. 7-1, Nishi-Shinjuku 3-chome, Shinjuku-ku, Tokyo
 163-1035, Japan.
 
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                http://tbutton.prnewswire.com/prn/11690X38223674
 
 

SOURCE Crayfish Co., Ltd.
    TOKYO and NEW YORK, April 24 /PRNewswire Interactive News Release/ --
 Crayfish Co., Ltd. (Nasdaq: CRFH; MOTHERS: 4747), a leading provider of
 e-mail and other Internet-related services to small and medium-sized
 businesses in Japan, announced that today it received from the Tokyo District
 Court a notice concerning filing of a provisional injunction by Hikari
 Tsushin, Inc. ("Hikari").  A provisional injunction is a temporary order from
 a court that is made pending resolution of a claim.
     In the notification, Hikari filed for the following provisional
 injunction:
 
     1) For Mr. Isao Matsushima's duties as CEO and President of Crayfish to be
        suspended until the conclusion of the litigation,
     2) That Crayfish not allow Mr. Isao Matsushima to continue to execute his
        duties as CEO and President until the conclusion of the litigation, and
     3) For an interim CEO and President to be appointed to take on Mr. Isao
        Matsushima's duties until the conclusion of the litigation.
 
     Crayfish believes that Hikari's filings are not justified in anyway and
 will contest against the action at the Tokyo District Court.
     Mr. Matsushima is scheduled to appear in court on April 26, 2001 to
 contest the provisional injunction sought by Hikari.
 
     About Crayfish
     Crayfish is a leading provider of e-mail hosting and other
 Internet-related services for small and medium-sized businesses in Japan.  The
 Company offers customizable, reliable and expandable email services and
 Internet solutions under the brand name "DESKWING"* as well as other Internet
 application services to enhance its customers' communication, office operation
 and e-commerce capabilities. Founded in 1995, Crayfish had over
 43,000 DESKWING subscribers in Japan as of the end of February 2001.  The
 Company has its American Depository Receipts (ADRs) listed on Nasdaq National
 Market (ticker: CRFH) in the USA, and its common shares listed on MOTHERS
 (ticker: 4747) in Japan. Crayfish Co., Ltd. headquarters is located at
 Shinjuku Park Tower 35th Fl. 7-1, Nishi-Shinjuku 3-chome, Shinjuku-ku, Tokyo
 163-1035, Japan.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X38223674
 
 SOURCE  Crayfish Co., Ltd.