NewMedia SPARK PLC
24 July 2000
Tony Sarin joins Board of NewMedia SPARK plc
Following the completion of NewMedia SPARK's acquisition of Softtechnet.com
PLC, Tony Sarin has joined the Board of NewMedia SPARK. Tony has also been
appointed Chairman of the wholly owned Indian investment subsidiary SPARK
India. NewMedia SPARK will now start to develop its investment and incubation
strategy in India.
Tony, aged 38, was previously a senior partner at Morley & Scott Chartered
accountants. He was founder and CEO of Softtechnet, which was created to take
advantage of the investment opportunities in the Indian, UK and US technology
and Internet markets. Softtechnet floated on AIM in March 2000. In addition
to being a director of Softtechnet he is also a Director of Quercus
Enterprises Ltd, a property investment company.
Tony sits on various committees including the Bank of England Small Business
Panel, advising on Asian businesses and the Asian Business Association where
he is Vice-Chairman. He is a Council member of the London Chamber of Commerce
and Industry and is a member of one of the sub-committees of the UK
Government's Task Force for 'New Deal'. He also represents the London Chamber
as a member of the Board of the Central London Partnership, the principal
consultative body on pan-central London issues.
Tony holds 720,000 Ordinary Shares in NewMedia SPARK of 2.5 pence each and
2,046,666 NewMedia SPARK 75p warrants, acquired in consideration of the
Softtechnet acquisition.
For further information, please contact:
Tony Sarin 020 7851 7777
Fenella Copas
NewMedia SPARK
Notes to Editors
NewMedia SPARK plc, quoted on the London Stock Exchange's Alternative
Investment Market, is one of Europe's leading quoted technology and Internet
investment companies.
SPARK is building its portfolio of investments in early-stage companies in the
UK, Scandinavia and elsewhere in Europe. Based principally in London and
Stockholm, SPARK has one of the largest and most experienced teams in Europe,
with skills ranging from investment banking to active involvement in the
formation and running of new media companies. SPARK's current portfolio of 46
investments spans the following sectors: Internet transaction platforms,
Interactive entertainment, Wireless infrastructure and applications, Web
infrastructure tools, Internet content and commerce.
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