Investment Update

NewMedia SPARK PLC
29 January 2007


FOR IMMEDIATE RELEASE                                29 January 2007



                                 NEWMEDIA SPARK PLC
                             ('SPARK' or the 'Company')


NewMedia SPARK PLC (AIM: NMS), the venture capital investor today provides an
investment update following the announcement of the Company's Interim Results in
December 2006.



Highlights

•        Additional investment of £1.75m into existing investee company,
Skinkers, to fund launch of innovative peer to peer technology.

•        Three new investments completed totalling approximately £1m including a
mixture of early and later stage investments.

•        Complinet:  - one of the fastest growing b2b publishers in the UK with
a focus on governance, risk and compliance issues.

•        iSporty: - a digital home and social network that includes everything
local, national and international around the sports you play and the clubs you
support.

•        Gambling Compliance: - a web-based publishing and events company
providing business critical information on the global regulatory and legislative
issues facing operators and industry participants in the gambling sector.

•        Other new investments into larger, later stage investments are
currently under negotiation



Skinkers Limited



Skinkers is the market leader in push technology. Its solutions provide a
universal messaging platform which encompasses multiple push communication
channels like email, SMS, PDA's and the desktop to ensure ShouldKnowTM
information is delivered to customers, partners and employees with visibility
and impact.  The company is using the new funds to bring to market the Skinkers
Live Delivery Network, a private and secure peer-to-peer infrastructure which
enables both businesses and consumers to receive high quality, digital feeds
(text/audio/video) in real time to their desktops.



The company signed the first technology spin-out deal from Microsoft Research
Cambridge Labs's last year with Microsoft becoming a shareholder.  It has been
recognised by Red Herring as one the most promising firms driving the future of
technology and its technology is currently used by some of the world's leading
companies.



For further information see www.skinkers.com



Complinet Limited ('Complinet')



Complinet is the market-leading publisher of information and provider of
software solutions to the international financial services industry. From
regulatory publishing and compliance training through to software development,
the company provides extensive compliance services. Complinet currently employs
over 200 people in its offices in New York, London and Dubai. Each day, more
than 50,000 regulatory professionals working in more than 1200 companies
worldwide, including 70% of the Fortune 500 Banks, rely on Complinet for quality
analysis and robust compliance systems.

The company has managed to grow aggressively and expand both its product set and
geographical coverage over the last 5 year and has regularly been in the
TechTrack 100 which ranks Britains fastest growing private technology companies.

The CEO of Complinet, Chris Pilling, is a serial entrepreneur with a background
in publishing and the Chairman includes Alan Yarrow (Vice Chairman of Dresdner
Kleinwort ).



For further information see www.complinet.com



iSporty



iSporty.com is a digital home and social network built around the sports you
play and the clubs you support ('My sports, my friends and I).  Described by the
Guardian as 'myspace with shorts on', it provides exclusive integrated sports
features with Google, Youtube, Blinkx, flickr, Yahoo and itunes. It features the
very latest news, videos, photos and podcasts from every sport played (365 on
the site). It provides users with their own sporting playground and personalised
sporting history and the best sports search facility in the UK.





The team behind iSporty.com includes Chris Ward, who built the media success of
Friends Reunited and Mike Lee OBE, of the successful 2012 Olympic bid, with
support from England assistant manager Terry Venables.



Already described by Yahoo as the 'Find of the year 2006' the funding raised
enables the PR and on-line launch campaign for the new site. Together with word
of mouth activity, isporty is set to be the future of sport online.



For further information see www.isporty.com





Gambling Compliance



Gambling Compliance Ltd is a web-based publishing and events company that aims
to provide business critical information on the global regulatory and
legislative issues facing operators and industry participants in the gambling
sector.



There is significant change and uncertainty in the gambling regulatory
environment as evidenced by recent arrests and changing regulation in the USA.
In the UK and Europe regulation is also changing rapidly and with emerging
markets (Russia, Romania, China, Macau) introducing regulatory infrastructure,
there is critical need for a trusted publisher.



Serial publishing entrepreneur David Morgan is the founder and CEO of Gambling
Compliance and Richard Kilsby, (Chairman of 888 and Collins Stewart) and Marie
Stevens (former member of the Gaming Board and ex General Counsel for Ladbrokes)
have agreed to join the Board.

For further information see www.gamblingcompliance.com


- ENDS -


Contact
NewMedia SPARK plc
Andrew Carruthers, Chief Executive Officer                         020 7851 7777

Jay Patel, Executive Director                                      020 7851 7777

Buchanan Communications
Isabel Podda                                                       0207 466 5000


About SPARK


NewMedia SPARK is a quoted venture capital organisation based in central London
focused on early stage investments in the technology, media and telecoms
sectors. SPARK's portfolio has a particular emphasis on digital media, software
applications, technology and communications. As an investor, SPARK expects to
add significant value to its investments through active support and strategic
direction. SPARK is listed on London's Alternative Investment Market.



Recent successful exits for SPARK include the sale of Mergermarket to Pearson
for £120m, the sale of Footfall to Experian for £36m and the sale of Elata to
Qualcomm for $57m.



For further information, see www.newmediaspark.com.





                      This information is provided by RNS
            The company news service from the London Stock Exchange