Mamiya Press Release

Following on from the Mamiya news the other day, Mamiya have issued a press release stating that the deal with Cosmos will enable them to focus on their camera business better and that the move is a positive thing, rather than a negative, as previously reported:

"UK Press Release: We have been informed by Mamiya-OP Co., Ltd. that they are to transfer their Optical Equipment Business to Cosmo Digital Imaging Co., Ltd.

The Board of Directors have approved a contract to sell the entirety of the optical instruments business section to Cosmos Scientific Systems Inc. The plan will be put before shareholders at a general meeting scheduled for June 29th, 2006 - and if approval is gained, the transaction will be concluded on September 1st 2006.

This is a positive move for the Mamiya brand. The integration of Mamiya's design and manufacturing techniques with Cosmo’s digital technology will enable the new organisation to fully exploit future growth opportunities. Mamiya have confirmed that their forward plans include both professional medium format film and digital cameras."

Further details are available at The Online Photographer.