NewMedia SPARK PLC
15 March 2000
The issuer has made the following amendment to the 'Fthr. Investment in
ADVFN.com' announcement released today at 11.19 under RNS No 3193H.
'ADVFN' should now read 'ADVFM'.
Therefore the headline of 'Fthr Investment in ADVFN.com' should read
'Fthr Investment in ADVFM.com'.
The full corrected version is shown below.
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NewMedia SPARK announces a further investment in (*) ADVFM.com
NewMedia SPARK plc ('SPARK') announces that it has agreed to
exercise its right to subscribe for a further 5m shares in
ADVFM.com PLC ('ADVFM') at the placing price of 10p per
share. SPARK had previously invested £500,000 in ADVFM at a
price of 5p a share, and this latest investment will
increase SPARK's holding in ADVFM to 15m shares, acquired at
a total cost of £1m. ADVFM is shortly to gain an AIM
listing, with initial dealings in ADVFM shares expected to
commence on 20th March 2000. SPARK's shareholding will
amount to 6% of the issued share capital.
Michael Whitaker, CEO of SPARK, commented:
'It is pleasing to see another of SPARK's investments coming
to the market. ADVFM's financial portal is growing rapidly
and we are also enthused by the company's 2C data
visualisation technology, which we believe has the potential
to be used on a number of other sites in addition to ADVFM's
own. ADVFM is currently in discussions with GlobalNet
Financial.com Inc, Quote.com and Hemmington Scott Limited
with a view to forming strategic relationships. '
Michael Whitaker 0468 555944
NewMedia SPARK plc +20 7851 7777
Lisa Baderoon / Tim Anderson
Buchanan Communications +20 7466 5000
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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.
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