Harris Interactive Sells Japanese Operations Company
May 23 2005 - 9:15AM
PR Newswire (US)
Harris Interactive Sells Japanese Operations Company Plans to
Maintain Presence in Asia ROCHESTER, N.Y., May 23
/PRNewswire-FirstCall/ -- Harris Interactive(R) (NASDAQ:HPOL) has
completed the sale of its Japanese operations to Mr. Minoru Aoo,
former president of Harris Interactive Japan (HIJ), in a management
buy out. The transaction includes the licensing rights for
transitional use of the applicable Harris names and trademarks
until June 2006, and for ongoing consulting services from Harris
Interactive. In addition, the Company has the ability in the future
to work with HIJ in order to provide research services in that
region to its global customers. During the third quarter of fiscal
2005, the Company announced its intention to sell its Japanese
subsidiaries and recorded a mostly non-cash loss of $3.3 million in
discontinued operations related to the disposition. While the
Company does not expect the final charge to differ materially from
the one previously recorded, any final adjustments will be reported
within discontinued operations for the fiscal fourth quarter ending
June 30, 2005. "Harris Interactive will continue to provide our
global clients with multi-country, multi-language research in Asia
through our contractual relationship with the current Harris
Interactive Japan team as well as our remaining offices in Hong
Kong and Shanghai," stated Gregory T. Novak, acting CEO of Harris
Interactive. About Harris Interactive(R) Harris Interactive Inc.
(http://www.harrisinteractive.com/), the 15th largest and
fastest-growing market research firm in the world, is a Rochester,
N.Y.-based global research company that blends premier strategic
consulting with innovative and efficient methods of investigation,
analysis and application. Known for The Harris Poll(R) and for
pioneering Internet-based research methods, Harris Interactive
conducts proprietary and public research to help its clients
achieve clear, material and enduring results. Harris Interactive
combines its intellectual capital, databases and technology to
advance market leadership through its US offices and wholly owned
subsidiaries, HI Europe in London (http://www.hieurope.com/),
Novatris in Paris (http://www.novatris.com/), and through an
independent global network of affiliate market research companies.
EOE M/F/D/V. To become a member of the Harris Poll Online(SM) and
be invited to participate in future online surveys, visit
http://www.harrispollonline.com/. Contact: Dan Hucko, SVP Corporate
Communications/Investor Relations Harris Interactive 585.214.7316
800.866.7655 x7470 Safe Harbor This media release includes
statements that may constitute forward-looking information. We
caution you that these forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those discussed. Additional detailed information
concerning a number of factors that could cause actual results to
differ is readily available in the "Risk Factors" section of the
most recent Annual Report on form 10-K filed with the Securities
and Exchange Commission pursuant to the Securities Exchange Act of
1934. DATASOURCE: Harris Interactive Inc. CONTACT: Dan Hucko, SVP,
Corporate Communications/Investor Relations, Harris Interactive,
+1-585-214-7316, 1-800-866-7655 x7470 Web site:
http://www.harrisinteractive.com/ http://www.hieurope.com/
http://www.novatris.com/ http://www.harrispollonline.com/
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