VoyagerIT Invests US$5.5mill

VoyagerIT.Com PLC
16 October 2000



VoyagerIT.com plc COMPLETES US$5.5 MILLION INVESTMENT IN US ONLINE DIRECT
MARKETING WEBSITE 


VoyagerIT.com place, the AIM-listed internet, IT and media investment fund,
announces that as part of its revised investment strategy of acquiring
substantial holdings in internet and IT companies with demonstrable potential
for sales-led profitability, it has completed the investment of a total of
US$5.5million in ThinkDirectMarketing.com.Inc., the Stamford, Connecticut -
based online provider of direct mail marketing services for small and medium
sized business in the USA, comprising US$4million of Convertible Loan Notes,
and US$1million of Common Stock representing 14.3 per cent of the share
capital of the company.

VoyagerIt.com plc announced an initial investment of US$500,000 in the
Convertible Loan Notes 2000 of ThinkDirectMarketing.com Inc. in March 2000.
Settlement of the current acquisition of US$4million of Convertible Loan Stock
in ThinkDirectMarketing.com Inc., together with the US$1 million of Common
Stock, is to be satisfied by way of nine tranche payments over the eight
months to June 2001.

As previously announced, VoyagerIt.com plc has an option to acquire the
outstanding issued share capital of the company for an additional
consideration of US$20million. 


Enquiries:

VoyagerIT.com plc                                               01480 436666
Stephen Dean, Chairman
Peter Holmes, Finance Director
                            
Seymour Pierce Limited                                          020 7648 8700
Sarah Wharry

Boswell City Financial PR Limited                               020 7583 2001
Glenda Boswell                                            Mobile [phone] 
Rodney Johnson