IBNet PLC
15 October 2001
IBNet plc
IBNET TO OPEN SINGAPORE
OFFICE
IBNet plc ('IBNet'), the corporate intelligence and Internet surveillance
Company, today announces that Robert Nayler, Technical Director, has stepped
down as a director of the company with immediate effect.
Commenting on the board change, Mark Ommanney, Chief Executive said:
' As we announced at our preliminary results we have now completed the
development of version two of our Netdetec product in which Rob Nayler was
key. Following the completion of this sizeable task, Rob has been focusing on
other opportunities for the company. In anticipation of this change, Mike
Patton was promoted to the role of Chief Technical Officer at the time of our
preliminary results.
' Rob has been researching extensively on the development of new markets for
IBNet's products and services. We have had considerable interest from
potential clients in Singapore, a country with an extensive Internet culture.
This, coupled with the huge level of interest in major sports and brands,
offers IBNet tremendous potential with our range of Internet monitoring
products. To capitalise on this potential, Rob is planning the opening of an
office for an IBNet franchise operation in Singapore.
' IBNet's flexible technology can be easily adapted for foreign markets. South
East Asian commercial centres have some of the highest penetrations of
Internet usage in the world. In particular, the Internet presence of major
corporations, and their potential for abuse are significant. We believe the
opportunities for IBNet in the South East Asian market, particularly with
expansion into China over the next few years, are extensive. We look forward
to updating shareholders on the progress of the Singapore office in the
future.'
- Ends -
Date: 15th October 2001
For further information contact:
IBNet PLC City Profile Group
Mark Ommanney, Chief Executive Ed Senior
020-7629-7676 Simon Courtenay
web: www.ibnetplc.com 020-7448-3244
e-mail: edward.senior@city-profile.com
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