Receipt of Resignation Notice from Independent Accountants

Apr 23, 2001, 01:00 ET from Crayfish Co., Ltd.

    TOKYO and NEW YORK, April 23 /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 it received today a notice
 dated April 23, 2001 from its independent auditors (Chuo Aoyama Audit
 Corporation) that they are terminating their Audit Agreement with us effective
 April 23, 2001.
     The notice simply states that the reason for the resignation is "because
 of unavoidable circumstances," but they have not yet responded to the Company
 in any clear manner to our inquiries as to the reason for the resignation.
     The Company believes that there is no appropriate reason to justify the
 termination of the Audit Agreement with Chuo Aoyama Audit Corporation or Chuo
 Aoyama Audit Corporation's resignation as independent auditors.  Accordingly,
 the Company hopes to persuade Chuo Aoyama Audit Corporation to continue in
 their current capacity as independent auditors or to secure new independent
 auditors of similar standing.
 
     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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SOURCE Crayfish Co., Ltd.
    TOKYO and NEW YORK, April 23 /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 it received today a notice
 dated April 23, 2001 from its independent auditors (Chuo Aoyama Audit
 Corporation) that they are terminating their Audit Agreement with us effective
 April 23, 2001.
     The notice simply states that the reason for the resignation is "because
 of unavoidable circumstances," but they have not yet responded to the Company
 in any clear manner to our inquiries as to the reason for the resignation.
     The Company believes that there is no appropriate reason to justify the
 termination of the Audit Agreement with Chuo Aoyama Audit Corporation or Chuo
 Aoyama Audit Corporation's resignation as independent auditors.  Accordingly,
 the Company hopes to persuade Chuo Aoyama Audit Corporation to continue in
 their current capacity as independent auditors or to secure new independent
 auditors of similar standing.
 
     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/11690X55806183
 
 SOURCE  Crayfish Co., Ltd.