Silentpoint PLC
20 November 2000
Contact: Haresh Kanabar, Chairman
Silentpoint Plc 020 7070 7283
David Worlidge
John East & Partners 020 7628 2200
David Bick
Holborn Public Relations 020 7929 5599
david.bick@holbornpr.co.uk
Silentpoint Plc
Placing of 15,000,000 Ordinary Shares of 2p each at 10p per share
and
Admission to the Alternative Investment Market
Summary
* Placing of 15 million Ordinary Shares at 10p per share raised £1.37m,
net of expenses
* Admission to Alternative Investment Market - dealings commence today
* Nominated Adviser, John East & Partners; and Nominated Broker Seymour
Pierce
* Silentpoint established to build, principally through acquisition, a
group providing retail, media sales promotion and marketing services
over the internet and interactive television
* The Board comprises: Haresh Kanabar, 42, (non-executive Chairman),
formerly group finance director of Whitchurch Group plc. Early this
year he came chief executive of Corvus Capital Inc which is also
traded on the AIM Market; David Rogers, 52, (executive director),
formerly a director of VirtualInternet.net plc and currently Chairman
of Chrome Technology, which is traded on AIM. Suresh Lakhani, 46,
(non-executive), formerly group finance director of The Wheatley
Group of Companies and established SRL, a finance and accounting
consultancy
Commenting on the Company's AIM launch, Haresh Kanabar, Chairman of
Silentpoint, said:
'We believe retail, media sales promotion and marketing services
businesses have good long term growth opportunities in the new media
sector, particularly propositions involving interactive television.'