Crayfish Co., Ltd. (Nasdaq: CRFH; MOTHERS: 4747) ("Crayfish" or "the Company"), a leading provider of e-mail and web-hosting and other Internet-related services to small and medium-sized businesses in Japan, announced today that it will begin to design and market software.

Based on the results of test marketing to identify methods of increasing its earnings, the Company will begin to design and market software for Japanese small and medium sized enterprises later this month. Hikari Tsushin, Inc.'s affiliates will provide marketing support to the Company. The Company aims to achieve revenues from these activities of JPY 50 million in the current fiscal year ending September 30, 2003.