President looks forward to leadership of restructured vertical markets

WEST CALDWELL, New Jersey—Glory (USA) Incorporated, the domestic arm of the world's leading manufacturer and distributor of money processing machines and systems, has made strategic changes to its upper management to support its recent major corporate restructuring. With a streamlined product catalogue and more responsive sales force, Glory's has appointed a new President of US Operations, Mr. Terry Mitsui, who will seek to move Glory's market share to unprecedented levels.

Mr. Mitsui takes office at the cusp of the company's restructuring to lead it into the future with fresh ideas and a new perspective. His first objective is to further improve Glory's sales and service to its customers in financial, gaming, and retail markets.

Mr. Mitsui, an Electronics Engineering graduate of Musashi Institute, is returning to Glory (USA) Inc., after 16 years as senior manager and president with several companies in the semiconductor industry, aerospace, and defense. He rejoined Glory Ltd last year as General Manager of Overseas Operations. Before leaving Glory in 1983, he was responsible for moving the headquarters from Los Angeles to its current location in West Caldwell, NJ.

Glory (USA)'s recent restructuring removes its dependence on a regional office sales and service model to one that is focused on vertical markets of financial institutions, gaming, and retail. Each market will report separately to Mr. Rick Friese, Senior Vice-President of Sales. This is accomplished by selecting market-specific sales consultants who will provide consultation to their assigned markets.

"The movement from a regional model to one that relies on market-specific sales consultants will undoubtedly provide our customers with better service and a broader knowledge of their specific operations," said Mr. Mitsui. "We know our customers will continue to recognize the emphasis we place on the quality of our products and knowledge of sales consultants."

The vertical market approach will allow Glory to continue its excellent customer service for the high quality coin and currency equipment for which it is known. "We anticipate a lot of new product introductions over the next year, designed specifically for these vertical markets," said Mr. Friese. "Our customers and their markets continue to be our main focus."

Glory (USA) Inc., operates under its parent company, Glory Ltd. The Glory group has approximately 4,800 employees worldwide. FY2006 revenue was $1.4billion (a 16.5% increase over the previous year), and Profit Before Tax was $80Million (a 313% increase over the previous year). Glory Ltd. stock is Class 1 on the Tokyo stock exchange. Glory has been profitable every consecutive financial year for more than a half-century, since 1956. Because of its solid financial background, Glory has been able to invest in R&D for new technologies every year, making it an influential leader in innovation and progress for the money processing industry.