Joint Venture

InterX PLC
11 May 2000

                                  INTERX PLC
                                  ('InterX')
                                       
                 JOINT VENTURE WITH REED BUSINESS INFORMATION
                                       
                                       
Introduction

The  Board  of InterX plc ('InterX') today announces the formation  of  a  new
joint venture company with Reed Business Information Limited ('RBI'), a member
of  the  Reed  Elsevier plc group.  Formed with the objective of creating  the
UK's  leading  internet portal for IT professionals, the new  company,  called
ComputerWeekly.com  Limited  ('ComputerWeekly.com'),  pools  the  existing  UK
information  technology  on-line publishing activities  of  both  RBI  and  IT
Network Limited.

Electronic Product Intelligence Limited

The  creation of this joint venture with RBI, the market leader in UK business
publishing, enables IT Network Limited to focus entirely on its core expertise
- the provision of intelligent product information engines and other technical
and   infrastructure  services,  all  based  on  InterX's  unique  BladeRunner
technology.  Accordingly, IT Network Limited, which will remain a wholly-owned
subsidiary  of  InterX,  has  been  re-named Electronic  Product  Intelligence
Limited ('E-PI').

E-PI  will  continue  to develop its IT product information  skills  and  will
provide its database and technology to the joint venture in accordance with  a
service agreement. E-PI will also retain the market research data generated by
the  use of its product engines within the new portal, significantly enhancing
the value of its future market research products.

The  joint venture agreement creates a framework for co-operation between  RBI
and  E-PI as both businesses look to expand their IT services in international
markets.

The  Board of InterX believes that the contract to provide product information
and technical services to ComputerWeekly.com  will be the first of a number of
similar  contracts  with  third parties. These contracts,  together  with  the
enhanced value of the market research data aggregated as a result of providing
these  services, will provide significant new revenue streams for  the  InterX
group.

ComputerWeekly.com

The  new  portal  will  integrate and develop the on-line  services  currently
available  on RBI's IT web sites, www.computerweekly.com, www.channelnet.co.uk
and www.distiedeals.co.uk and InterX's www.itnetwork.com.

The  new portal will derive revenues from a combination of banner advertising,
sponsorship  and  the  development  and  hosting  of  sophisticated,  context-
sensitive  microsites, as well as e-commerce transactions and lead  generation
fees.  Fundamental  to  the success of the joint venture  is  the  ability  of
InterX's  BladeRunner technology to provide advertisers with detailed business
user profiles.

The  joint venture will have the right to republish all the editorial  content
of  RBI's  market-leading IT titles, which include Computer  Weekly,  Computer
Weekly  e-business Review, MicroScope, Freelance Informer,  The  VAR,  Network
Reseller Magazine, Business & Technology and Computer Trade Shopper.

On  9  May  2000,  at  this year's Periodical Publishers  Association  awards,
Computer  Weekly  won the award for Business Magazine of  the  Year.  Computer
Weekly   received   praise  from  the  judges  for  its   'comprehensive   and
authoritative coverage of its sector'.

Operational Structure

The  joint venture will be owned 75% by RBI and 25% by InterX. As part of  the
RBI group, ComputerWeekly.com will be under the executive control of RBI, with
Rob Wirszycz, Chief Executive of E-PI, becoming a non-executive director. Both
RBI and InterX will transfer staff from their existing organisations to create
a  new  team  based at InterX's Holden House site. www.itnetwork.com's  sales,
marketing, editorial and production teams will be augmented by RBI  staff  who
will provide executive management, sales and editorial skills.


James Wickes, Chief Executive of InterX, commented:
'This  joint  venture is fundamental to our strategy of developing  innovative
opportunities  to globalise our product information systems and  web  platform
technologies.   I  am  excited at the prospects for  our  businesses  and  the
further  potential  inherent  in such a close relationship  with  one  of  the
world's leading business-to-business publishers.'

Neil  Stiles,  Publishing  Director of RBI's Reed  Computer  Group  and  Chief
Executive of ComputerWeekly.com, added:
'The  combination  of  ComputerWeekly.com's high  traffic,  news  content  and
recruitment service with InterX's product database, BladeRunner technology and
sales  skills will create a service with a complete understanding of the needs
of  the IT professional.  Providing content in context, this combination  will
drive  higher value to customers. The model is both scaleable and portable  to
other  markets  and the next step is to roll out this model into international
markets.'


Enquiries:

InterX plc                                               020 7769 9200
James Wickes                                      [e-mail]
Simon Barker                                      [e-mail]
Simon Miesegaes                                [e-mail]

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Colin La Fontaine Jackson                     [e-mail]

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