Idis Co., Ltd. and Costar Technologies Inc. have entered into a definitive agreement and plan of merger pursuant to which Costar will be acquired by Idis in a merger transaction. Under the Merger Agreement, Idis will pay approximately $23.2 million, subject to customary purchase price adjustments, inclusive of approximately $13.0 million to retire Costar's bank debt and with the remainder going to the holders of Costar common stock and vested options after payment of transaction expenses. The Merger Agreement has been unanimously approved by the boards of directors of each of Idis and Costar. Completion of the Merger will be subject to approval by the stockholders of Costar.