Brainspark PLC
22 February 2007
For Immediate Release 22 February 2007
Brainspark plc
('Brainspark' or the 'Company')
Investee company, Metapack Limited ('Metapack') secures further funding
Further to the announcement of 31st July 2006 when Brainspark had taken part in
the £250,000 round of financing in Metapack Ltd, the leading UK provider of
delivery software for
multi-Channel home delivery, Brainspark is today announcing that Cotterford, an
investment company in the UK, have subscribed £ 400,000 for an issue of new
shares repesenting 17.78 per cent. of the enlarged issued share capital.
Brainspark holds 30,000 shares in Metapack, which represented 10.58%
pre-investment and 8.23% post investment.
MetaPack already provides software solutions to leading retailers such as John
Lewis, B&Q, Boots, Dixons, PCWorld and Comet and will continue to benefit from
internet driven growth in home delivery. In addition, MetaPack sees significant
growth potential in providing 'software as a service' using an ASP architecture
and therefore intend to target medium-size companies in retail and non-retail
who currently use proprietary carrier management. systems.The new investment
will support ASP development and marketing.
For information please contact:
Francesco Gardin, Brainspark plc, telephone: 00 39 335 296573
Roland Cornish, Beaumont Cornish Limited, telephone: 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange