Matsushita Electric becomes Panasonic Corporation



    MISSISSAUGA, ON, Oct. 1 /CNW/ - Effective today, Matsushita Electric
Industrial Co., Ltd., parent company of Panasonic Canada Inc., has become
Panasonic Corporation; and its ticker symbol on the New York Stock Exchange
has been changed to PC from MC. The change also took effect for some of the
group companies that used the names Matsushita or National. Panasonic is
aiming to complete the brand changeover from National to Panasonic in Japan by
the end of March 2010.
    When it was first established in 1918 the company was known as Matsushita
Electric Housewares Manufacturing Works and changed to Matsushita Electric
Manufacturing Works in 1929. The company used the name Matsushita Electric
Industrial Co., Ltd. after its incorporation as a joint stock corporation in
1935. While the company used the National and Panasonic brand names over a
long period of time, it decided in 2003 to position Panasonic as its global
brand with the brand slogan "Panasonic ideas for life."
    With this name change and brand unification, the company has renewed its
commitment to bringing the achievements of Matsushita, National, and Panasonic
under the one single, recognized name - Panasonic Corporation - to enhance its
brand value.
    Panasonic Corporation will maintain and put its management philosophy
into practice throughout the world; it will also inherit and further develop
the corporate culture nurtured by the Matsushita Group. Panasonic employees
around the world will unite their efforts under the common management
philosophy, pursuing together the common goal of making Panasonic Corporation
an excellent company across the globe.

    
    About Panasonic
    ---------------
    
    Panasonic products are marketed in Canada by Panasonic Canada Inc. (PCI).
PCI is an affiliate of Panasonic Corporation (PC) of Japan, formerly known as
Matsushita Electric Industrial Co., Ltd. (MEI), one of the world's largest
producers of electronic and electric products for consumer, business, and
industrial use. Consumers seeking more information on the company's products
can call Panasonic's Customer Care Centre at 1-800-561-5505 or access
Panasonic's home page at www.panasonic.ca.





For further information:

For further information: Ryan Lockhart, Environics Communications, (416)
969-2479, rlockhart@environicspr.com; Stacey Flowers, Environics
Communications, (416) 969-2752, sflowers@environicspr.com

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