VoyagerIT.Com PLC
25 August 2000
VoyagerIT.com plc ('Voyager' or 'the Company')
Acquisition of Panda Anti-Virus Software Limited
Voyager is pleased to announce that it has agreed terms to
acquire Panda Anti-Virus Software Limited ('PAS').
PAS markets and distributes 'Panda' anti-virus software and
other anti-virus products. PAS was formed in 1999 by
Stephen Edwards, who has 12 years experience within the PC
maintenance and software market. 'Panda' software has over
two million users worldwide, and has recently received a
significant order for anti-virus software from Laura Ashley
Group. Other clients of PAS include the British Dental
Association, Banco Espirito Santo, British Wool, Wrexham
Health Trust, and Penlow East Health Trust. PAS reported
profit before tax in excess of £20,000 on turnover of
£206,347 for the first six months of it's current financial
year, and with net assets of £164,389.
Voyager took a 24% interest in PAS in April 2000 for
£150,000 cash. The total consideration to acquire 100% of
PAS is to be satisfied by 8,000,000 new ordinary shares in
Voyager at an issue price of 15p per share. It is intended
that Mr Stephen Edwards, founder and Managing Director of
PAS, will be appointed to the Board of Voyager to oversee
it's UK operations.
Enquiries:
Stephen Dean VoyagerIT.com plc 01480 436 666
Adrian Stecyk VoyagerIT.com plc 001 212 509 9500
Glenda Boswell Boswell City Financial PR 020 7583 2001
Mobile: 0468 235 735
Rodney Johnson Boswell City Financial PR 020 7583 2001
Sarah Wharry Seymour Pierce Ltd 020 7648 8700
Jeremy Porter Seymour Pierce Ltd 020 7648 8700
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