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Harrison Global Holdings Inc. Commences Due Diligence for Subsidiary Acquisition and Strategic Partnership with Idealize Co., Ltd.

1. Harrison Global plans to acquire Idealize Co., enhancing event capabilities. 2. Idealize specializes in audio-visual services and event planning since 1991. 3. Acquisition aims to expand VTuber and hybrid event offerings in Japan. 4. Due diligence process will begin immediately for the strategic partnership. 5. Collaboration focuses on integrating technology and local event production.

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Why Bullish?

The acquisition helps position BLMZ strongly in the growing VTuber market, which has shown substantial growth patterns in the past. Similar moves by companies like Sony in the gaming sector exhibit enhanced market positioning, leading to positive investor sentiment.

How important is it?

The planned acquisition of Idealize is a strategic move that could unlock significant growth opportunities and market presence, making it a key factor for BLMZ's future valuation.

Why Long Term?

The integration of Idealize will likely enhance production capabilities and market reach over time, allowing BLMZ to capitalize on synergies that can affect revenue positively in the long term, much like how Disney improved its content strategy with acquisitions.

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Harrison Global Holdings Inc. (NASDAQ:BLMZ) ("Harrison Global" or the "Company"), a Japanese audio production, VTuber, entertainment, and voice actor management company, announced it has commenced due diligence procedures for a planned subsidiary acquisition and strategic business partnership with Idealize Co., Ltd. ("Idealize"), a Japanese event operations, audio and visual production company.Idealize Co., Ltd. OverviewFounded in 1991, Idealize is a seasoned production company based in Kochi Prefecture, Japan, specializing in event planning and professional audio-visual services. With over three decades of experience, Idealize has built a strong foundation in providing sound and video production services for various events, forums, radio programs, and TV commercials, as well as original song and logo production. Idealize is a licensed wireless microphone operator and a registered member of the Specified Radio Microphone Operation Coordination Organization.Acquisition Summary and RationaleExpansion of in-person events featuring VTubers and virtual charactersDevelopment of hybrid events that integrate real-time sound production with live streaming servicesLaunch of regional revitalization media strategies to broadcast locally produced radio and media content to national and global audiencesImplementation of multilingual solutions across education, entertainment, and event sectorsBy tapping into Idealize's extensive local network in the Kochi Prefecture and its established relationships with regional broadcasters, the Company aims to strengthen its footprint in Japan's regional markets. This collaboration will merge Harrison Global's technological capabilities in sound and VTuber production with Idealize's deep-rooted experience to drive innovation and multi-dimensional growth across the country's media and event landscape.In the coming weeks, both parties will engage in a detailed due diligence process and begin negotiations toward a formal agreement regarding the subsidiary acquisition and strategic partnership.Management Commentary"Building on the momentum of our recent strategic partnerships and ventures, we are excited to begin due diligence on a potential acquisition and collaboration with Idealize," said Harrison Global co-CEO Ryoshin Nakade. "With over three decades of experience in event planning, audio, and visual production, Idealize brings a wealth of industry knowledge and experience that aligns seamlessly with our core operations. This planned acquisition not only enhances our production capabilities, but also creates new avenues for our affiliated VTuber talent to reach wider audiences across Japan. Both teams are committed to a thorough due diligence process, with a shared goal of successfully integrating Idealize into the broader Harrison Global brand and operations."About Harrison Global Holdings Inc.Harrison Global Holdings Inc. (formerly BloomZ Inc.) is a holding company headquartered in the Cayman Islands, operating BloomZ Japan in Japan. BloomZ Japan is engaged in sound production for anime and games, as well as the management, training, and promotion of voice actors and VTubers. In recent years, it has also focused on developing and promoting next-generation entertainment businesses.Cautionary Note Regarding Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as "will," "expects," "anticipates," "aims," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.Harrison Global Holdings Inc. Investor ContactJohn Yi and Steven ShinmachiGateway Group, Inc.949-574-3860Email: [email protected]SOURCE: Harrison Global Holdings Inc.

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