New Invesment inTraderserve

Brainspark PLC 21 September 2000 BRAINSPARK plc New investment in Traderserve Brainspark plc, the incubator focused on creating and nurturing internet and technology-related businesses, today announced a £1.25m investment in Traderserve, an on-line service aimed at professional traders. Traderserve will be a dedicated global application service provider aimed at stock, bond, currency and futures market traders who make use of a systematic element in their trading. This market includes professional and semi- professional traders and fund managers. Revenues will be generated principally from subscriptions and alerts. Traderserve has an existing server platform and database which has been hosting a substantial number of trading models and will develop a web front end to offer their model building, testing, operating and execution facilities via the Internet. The management team of Peter Swete, Nick Idelson and Nicholas Hallam has worked together for more than four years. Peter Swete, the Chairman, has been directing fund management businesses for the past 20 years. Nick Idelson and Nicholas Hallam have substantial experience designing, building and operating real time trading architectures in global investment banks and fund management houses. Peter Swete, Chairman, Traderserve said: 'There is a substantial worldwide community of professional traders and hedge fund managers many of whom would benefit from the range of sophisticated services Traderserve will provide. Joining forces with Brainspark gives us the perfect platform to develop these services for the Internet.' Stewart Dodd, Chief Executive of Brainspark commented: 'Traderserve is a unique proposition which uses a robust technology platform. The business is targeting a high value demographic and the revenue potential is substantial. The Traderserve team is extremely experienced and well-known in its field and this project is the culmination of a great deal of research and development.' Traderserve takes the number of companies incubated by Brainspark to seventeen. So far four companies (Metapack, Petspark, Leisurehub and Easyart) have successfully raised second-round funding. Enquiries: Brainspark 020 7843 6600 Gawaine Lewis Ian Abell Traderserve 020 7843 9980 Peter Swete Citigate Dewe Rogerson 020 7638 9571 Martin Jackson Charles Vivian