VoyagerIT.Com PLC
11 April 2001
CHAIRMANS STATEMENT AT THE VOYAGER IT AGM
WEDNESDAY 11TH APRIL
I am pleased to report that in full reflection of your company's stated
strategy of investing in the future, its development from an incubator fund
into an international investment banking and corporate financial services
advisory group continues apace, and I would like to bring you up to date with
developments since the annual report was published.
In affirmation of this transition your company has established the presence of
its flagship Cater Barnard subsidiary in the City of London with the opening
of an office at number 6 Lloyd's Avenue, EC3. Together with associate offices
in New York, the Lloyd's Avenue headquarters form the initial international
operational base for the planned and sustained development of its core
business as an international Investment Banking, Mergers and Acquisitions and
Corporate Financial Services advisory group.
The business flow to date has been very encouraging with some of your
company's initial projects in the investment banking sector in particular
nearing fruition.
As part of the planned build up of the range of financial advisory services
available from its new London headquarters, Cater Barnard (UK) Limited has
acquired the business and assets of Corporate Decisions Limited, which
provides Merger and Acquisition advice to privately owned companies, for a
total consideration of £75,000 satisfied by the issue of £25,000 of ordinary
shares in Cater Barnard PLC at 5p per share, and £50,000 in cash.
Headed by Mr. Lyndon Chapman the business will be incorporated into Cater
Barnard's corporate financial services advisory division and operate from the
company's offices in the City.
I referred earlier to the near fruition of some of our investment banking
ventures. In this respect your company has conditionally agreed with Envesta
plc for that company to acquire the whole of the issued share capital of
Findstar plc, a wholly owned subsidiary of VoyagerIT.com , which, inter alia,
will enable Findstar to secure an AIM listing.
Your Board is confident that this transaction will show your company a
significant profit.
In addition, discussions continue in regard to realising your company's
substantial interest ThinkDirectMarketing Inc., and I am confident that at the
present rate of progress a successful conclusion to these protracted
negotiations is not too far distant.
OUTLOOK
Notwithstanding current uncertainties about the global economic outlook and
the volatile Stock Market conditions both here and in the U.S., your Board is
confident that ample opportunities exist for your company to capitalise on its
existing past investments and to become a focused and growth oriented fee
income based investment banking and corporate financial services advisory
group.
STEPHEN DEAN
CHAIRMAN
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