NewMedia SPARK PLC
23 November 1999
NewMedia SPARK invests £400,000 for a 15% stake in LinkGuard
NewMedia SPARK plc ('SPARK') announces that it has agreed to
invest £400,000 for a 15% equity stake in LinkGuard
Ltd. LinkGuard is an Internet start up company which has
developed software and spidering systems aimed at ridding
the Internet of broken links. It also aims to produce, an
exhaustive, accurate and dynamic map of the linkage of the
World Wide Web. Its technology and systems are subject to
extensive international patent protection.
Commenting on the investment Michael Whitaker, CEO of SPARK,
said:
'We are very excited to be investing in LinkGuard. The great
bulk of Internet companies concentrate on content, but integrity
of links is also critical to the development and acceptance of
the web. It is estimated that over 25% of web pages contain
broken links, and this is both frustrating to the viewer and
costly to the site operator. LinkGuard's systems have the
potential to eradicate this problem. Further, we believe that
the dynamic linkage map of the Web which LinkGuard is set to
produce could be of enormous commercial value.
LinkGuard (www.linkguard.com) has recently launched the first
of its family of Intelligent Link Management products, and
our investment will assist the company in rapidly building
up its marketing efforts to achieve widespread adoption of
its technology throughout the World Wide Web. We also hope to
help introduce this technology to a range of our industry and
site partners and contacts. At the same time LinkGuard will be
stepping up its investment in server and bandwidth capacity as
it builds its map of the connectivity of the Web.'
LinkGuard is the third investment by NewMedia Spark
since its shares began trading on the Alternative
Investment Market on 28th October 1999. Its two previous
investments were in Digital Animations Group plc and
Bridge4u.com
____________________________________________________________
For further information, please contact
NewMedia SPARK
Michael Whitaker 0171 887 4510
Buchanan Communications
Tim Anderson / Isabel Petre 0171 466 5000
Peel Hunt & Company Limited
David Davies 0171 418 8900
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