|
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 339 |