Invstmnt in Tri-Mex Hldgs Ltd

Billam PLC
21 August 2000

                                  BILLAM PLC

                    INVESTMENT IN TRI-MEX HOLDINGS LIMITED

The  Directors  today  announce  details  on  the  first  of  several  planned
investments due to be announced weekly over the forthcoming weeks:

The  company has invested £375,000  in TRI-MEX Holdings Limited which  intends
to  make  its  IPO within the next 15 months.  Billam Plc stated that  it  has
further agreed to provide the Company with additional funds of £625,000 in the
late autumn of 2000.

TRI-MEX  was formed in 1998 to take advantage of the emerging capabilities  of
multi-mode  communications  and  positioning technologies,  to  transform  the
management  of  the movement of goods, particularly in global  and  intermodal
movements.   TRI-MEX has a unique specialism in the management  of  vulnerable
cargo, whether valuable, perishable or hazardous.

TRI-MEX  has  created  a  new category of services in global,  complex  supply
chains.  With a focus on tracking cargo rather than just the transport  asset,
TRI-MEX  provides  services to the logistics companies and cargo  owners  that
reduce the risks and costs of movements arising from theft, poor environmental
control or inefficient supply chain management.

The  potential  is large; globally $30 billion of cargo is stolen  each  year,
perishable cargo losses of between 1-2% (£1.8bn pa) are attributable  to  poor
control  of  the  coolers,  and  poor visibility  of  supply  chain  inventory
contributes to over-stocking of 40% ($5.6 billion), and sales losses of 3% due
to  stock-outs.  TRI-MEX services address problems in  all  these  areas,  and
significantly add to the cargo owners' control through integration with  their
supply chain systems.

TRI-MEX  achieves this through sophisticated on-board technologies  accurately
pinpointing  cargo  location, whilst sensors monitor  environmental  variables
from  load  temperature,  shock and gas content for perishables,  to  chemical
detection  for  hazardous movements, all connected to TRI-MEX's high  security
Control Centre operating 24 hours a day 365 days a year.

The  Control  Centre is an information and monitoring hub,  and  uniquely  has
direct  access  to  Law Enforcement Authorities and other response  bodies  to
inform, initiate and control the reaction to incidents.  The technology, using
a  combination  of  satellite, GSM and UHF operates  in  all  geographies  and
transport  modes,  and uses sophisticated decision support  software  and  the
internet to manage activity and inform customers.

The   individual   technology  components  are  proven,  existing   commercial
standards,  and  therefore represent a low technological risk.   However,  the
integration  of  the  components  by TRI-MEX  and  their  use  to  underpin  a
sophisticated service capability is unique, placing TRI-MEX not  only  in  the
lead  in  its  core  business areas, but also as the only company  capable  of
delivering such services to all supply chains and all geographies.

This unique capability has led to wide customer interest and to contracts with
global industry leading companies.

Billam Plc stated that this investment complements the investment made in  IVU
Traffic Technologies AG.