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Qrix Seodaemun Cable Inc & QRIX Communications Inc	Update Date: 11/11/08
Date Announced: 08/14/08
Value (million $USD): 41.4 million U.S. Dollar 43.20 billion Korean Won

Status: Completed

TRANSACTION DETAILS
Date Announced	08/14/08
Date Originally Announced	08/14/08
Format	Acq. Maj. Int.	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	n/a
Value	41.4 million U.S. Dollar 43.20 billion Korean Won	Advisor Fees	n/a

SYNOPSIS
SOUTH KOREA - Qrix Communications Inc acquired a 60% interest in Qrix Seodaemun Cable Inc, a cable television broadcasting services provider, for 43.2 bil Korean won ($41.429 mil US) in cash.

TARGET
Name	Qrix Seodaemun Cable Inc
Industries	Television broadcasting stations
City	Seoul
State	n/a
Nation	South Korea
Incorporated in	n/a
Public Status	Private
Business Description	Qrix Seodaemun Cable Inc, located in Seodaemun-gu, Seoul, is a cable television broadcasting services provider.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	QRIX Communications Inc (Korea OTC : 035210)
Industries	Television broadcasting stations; Information retrieval services
City	Seoul
State	n/a
Nation	South Korea
Incorporated in	n/a
Public Status	Public
Business Description	Qrix Communications Inc, located in Seoul, provides cable television services and internet access subscription. Its cable television delivers news and programs in various issues such as the environment, education, history, culture, arts and science technology. Its internet access subscription division includes dial up, wire and wireless internet access services. The company was founded in 1994.
Advisors	NULL
Acquiror Sales	109.0 million U.S. Dollar 101.01 billion Korean Won

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