Business
Further funding for investee
Further funding for investee.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n Brainspark PLC\n22 February 2007\n\n\nFor Immediate Release 22 February 2007\n\n\n Brainspark plc\n\n ('Brainspark' or the 'Company')\n\n\n Investee company, Metapack Limited ('Metapack') secures further funding\n\n\n\nFurther to the announcement of 31st July 2006 when Brainspark had taken part in\nthe £250,000 round of financing in Metapack Ltd, the leading UK provider of\ndelivery software for\nmulti-Channel home delivery, Brainspark is today announcing that Cotterford, an\ninvestment company in the UK, have subscribed £ 400,000 for an issue of new\nshares repesenting 17.78 per cent. of the enlarged issued share capital.\n\n\nBrainspark holds 30,000 shares in Metapack, which represented 10.58%\npre-investment and 8.23% post investment.\n\nMetaPack already provides software solutions to leading retailers such as John\nLewis, B&Q, Boots, Dixons, PCWorld and Comet and will continue to benefit from\ninternet driven growth in home delivery. In addition, MetaPack sees significant\ngrowth potential in providing 'software as a service' using an ASP architecture\nand therefore intend to target medium-size companies in retail and non-retail\nwho currently use proprietary carrier management. systems.The new investment\nwill support ASP development and marketing.\n\n\n\n\n\nFor information please contact:\n\n\nFrancesco Gardin, Brainspark plc, telephone: 00 39 335 296573\n\n\nRoland Cornish, Beaumont Cornish Limited, telephone: 020 7628 3396\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1807,"tagName":"div"}]