Collapse of Subsidiary Umbrella Japan


 * Memo regarding the corporate liquidation (3/14/2004)


 * This is a memo to inform you of the decision made at the March
 * 10th meeting of the board of directors. We have decided to dis-
 * solve our company in the wake of the bankruptcy declared by our
 * parent company, Umbrella.


 * We recognise the hard work by all of our employees to keep our
 * venture profitable, but with the stagnation of our sales following
 * the 1998 incident in Raccoon City, USA, and or mother com-
 * pany being declared liable in numerous lawsuits, we have deemed
 * it impossible to continue production.


 * We have been searching diligently for a new parent company to
 * which we might transfer our projects, but our efforts have proved
 * fruitless. We have no choice but to close our doors.


 * Liquidation of company assets will be handled by Akitaka Igurashi
 * (former Umbrella Japan managing director).


 * Allow me to take one last time to thank you for all your hard work
 * and support of our company to the end.


 * Umbrella Japan, Inc.


 * Manging Director Akitaka Igurashi