Heads of Agreement with DataCash Ltd

Corporate Executive Search International PLC
14 December 1999


Corporate Executive Search International Plc in Talks with DataCash Limited

Corporate Executive Search International Plc ('Corporate') announced today
that it had signed heads of agreement to purchase the whole of the issued
share capital of DataCash Limited ('DataCash'), a leading processor of
internet based credit card payments in the UK.  The proposed transaction
remains subject to contract, due diligence, approval of its shareholders in
General Meeting, a granting of dispensation of Rule 9 of the City Code on
Takeovers and Mergers by the TakeOver Panel and terms and conditions being
agreed.

Should this acquisition be completed it will be a reverse takeover and as a
result, and in accordance with the rules of the Alternative Investment Market
of the London Stock Exchange ('AIM'), the Directors have requested the London
Stock Exchange to suspend trading in the Company's shares on AIM.

Corporate is one of the most active search consultants focused exclusively on
the European technology sector and in particular the high technology start-up
markets.  As a result of recent search activity in the dot.com market
Corporate will launch Boldly-Go.com, in January 2000, as a web-enabled
business to position itself as the de-facto supplier of board level candidates
for the dot.com market-place.

DataCash has been established for over two years as a payment solutions
gateway and is approved by and integrated with all the major UK acquiring
banks.  DataCash has an existing client base that includes specialist
e-tailers such as LastMinute, QXL, BlackStar, BlueSQ, Scoot and Freecom as
well as blue chip companies such as Compaq, Waterstones, Telewest and Tiny
Online.

The combination of Corporate and DataCash will move the Group positively into
the e-enabling arena as a market develops to support the growth of businesses
developing and implementing an e-commerce strategy.

A further announcement will be made once terms and conditions have been agreed
and an explanatory circular has been sent to shareholders.  Until that time,
trade in the Company's securities on AiM will remain suspended.

For further information please call Julian Compton of Corporate Executive
Search International Plc on 0171 550 1000.