Hong Kong, February 1, 2010 - J.P. Morgan announced today that it has been appointed depositary bank by Insprit for its American Depositary Receipt ('ADR') program.
"Through this ADR program, we hope to further increase our visibility within the U.S. investor community. From the moment we engaged J.P. Morgan, the bank has shown a remarkable ability to understand our business strategy. Another key factor in our decision was the proactiveness of J.P. Morgan's local depositary receipts team," said Han Gyoo Sug, chief financial officer of Insprit.
Kenneth Tse, Asia Pacific head of J.P. Morgan's depositary receipts group added: "We are pleased to be chosen by Insprit. We will continue to support the company's goal to attract new DR investments and deliver value to its shareholders. This appointment further demonstrates our leadership in the ADR market in the Asia Pacific region."
J.P. Morgan launched the first depositary receipt program in Asia in 1961 for Sony, and serves as depositary bank for leading companies throughout the region.
For market information on depositary receipts and international equities, please go to J.P. Morgan's award-winning web site www.adr.com. More information on J.P. Morgan's depositary receipt services is also available on www.jpmorgan.com/visit/adr.
Insprit, Inc. (KOSDAQ: 073130; OTCBB: INSSY) is a preeminent South Korean mobile solutions and convergence provider that develops customized services for global Fortune 500 companies. Leveraging its software experience and convergence expertise, Insprit designs cutting edge technology to optimize mobile networks and create value-added platforms. For more information, go to www.in-sprit.com.
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A. (NYSE: JPM), WSS leverages the firm's unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $14.9 trillion in assets under custody and $5.1 trillion in funds under administration. For more information, go to www.jpmorgan.com/visit/wss.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. In Asia Pacific, J.P. Morgan operates through 25 offices in 15 countries and has developed its wholesale banking franchise during a history of almost 160 years in the region. More information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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