mobcast inc. (TSE:3664) concluded share exchange contract to acquire EnterCrews CO., LTD. from B Dash Ventures Inc. and other shareholders for approximately ¥600 million in stock on January 7, 2013. mobcast inc. will issue 11.88 common shares for each common share and 41.72 common shares for each class A preferred share of EnterCrews CO., LTD. mobcast will issue 0.28 million shares as consideration. The Board of Directors of mobcast inc. and EnterCrews CO., LTD. resolved the transaction.

The transaction is subject to approval by shareholders of EnterCrews CO., LTD., scheduled for January 30, 2013 and execution date of share exchange is expected as February 1, 2013.