VoyagerIT.Com PLC
24 January 2001
Voyager IT.com plc - FINDSTAR SUBSIDIARY ACQUIRES UK LICENCEE OF PANDA
ANTIVIRUS SOFTWARE
The Board of Voyager IT.com plc, is pleased to announce that today its
wholly-owned subsidiary Findstar Ltd has acquired PANDA Software (UK) Limited,
('PSM') which has a 5 year exclusive licence agreement for the sale of all
PANDA software products for the UK, with PANDA Spain, the world-wide licensor
for the PANDA Antivirus software product.
The acquisition will add substantially to the gross margin falling to the
Findstar Group's account. Findstar owns PANDA Antivirus Software Limited,
which holds a UK Distribution Agreement for the PANDA Antivirus product.
The consideration for the acquisition is £298,000, of which Findstar is paying
£231,000 in cash, plus 1.5million Voyager IT.com shares for 100 per cent of
the equity of PSM.
PSM's PANDA Antivirus application precludes the loss of information on PC
through Bugs or other unauthorised data. Unaudited accounts of PSM for the
period to 31st December 2000 show retained losses of £646,000, gross assets of
£41,000, and negative net assets of £596,000.
Enquiries:
Voyager IT.com plc 01480 413 330
Stephen Dean, Chairman
Peter Holmes, Finance Director Mobile: 07879 412772
Seymour Pierce Limited 020 7648 8700
Sarah Wharry
Boswell City Financial PR Limited 020 7583 2001
Glenda Boswell Mobile 07768 235 735
Rodney Johnson
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.