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Wednesday 19 April, 2000 PLC

Alliance with Granite Rock - Oil & Gas Trading PLC
19 April 2000

                           ('J2C' or 'the Company')
                      Alliance with Granite Rock Limited
             to Establish New Oil & Gas Vertical Trading Community
J2C   (  is  totally  focused  on  deriving  transactional
revenues from B2B e-commerce worldwide and is the UK's largest quoted operator
of  business-to-business ('B2B') vertical trading communities.  These vertical
communities  are  designed  to benefit from the Internet's  ability  to  allow
businesses in the same industries to communicate and trade with each other on-
line. Following its recent flotation on the Alternative Investment Market, J2C
today  announces  the  acquisition of Granite Rock Limited,  with  a  view  to
establishing  a new on-line trading community for the worldwide  oil  and  gas

J2C  is  pleased  to  announce today the acquisition of Granite  Rock  Limited
('Granite Rock'), an international provider of geophysical services to the oil
and  gas  industry.  The consideration payable will be through  the  issue  of
543,872 new ordinary shares in J2C.

Granite Rock provides a comprehensive range of services and solutions aimed at
allowing  clients  to  interpret structural and seismic geophysical  data  and
extract  the  maximum  value  therefrom in the most  efficient  way  possible.
Granite  Rock  employs  leading-edge  software  and  hardware  and  innovative
interpretation  workflows to provide these solutions.  It  numbers  such  blue
chip companies as BP Amoco, Total Fina Elf and Shell among its customers.

It  is  the  intention  of J2C and Granite Rock to build  an  independent  B2B
vertical  trading  community for the oil and gas  industry.   The  aim  is  to
develop  this  community into an online forum for the  exchange  of  technical
information,  the  gaining of access to a range of asset and production  data,
the  participation in relevant industry affiliation schemes and the buying and
selling  of industry equipment and services.  It is expected that  the  J2C  /
Granite Rock oil and gas trading community will become fully active within the
next 6 months.

J2C  and  Granite  Rock both believe that their combined  expertise,  industry
knowledge and, above all, technological know-how will create a unique  on-line
marketplace.   Given  the  J2C / Granite Rock marketplace's  independence  and
mixture  of  facilitation, product and service delivery, J2C believes  it  has
added  a high quality asset to its already impressive array of on-line trading

As  at 31 August 1999, Granite Rock had net liabilities of £15,900 and for the
year  ended on that date reported a loss before tax of £85,000 on turnover  of

Karl Watkin, Chief Executive of J2C, said:

'It  has  always been our game plan to marry our own expertise  with  suitable
partners  capable of offering their own cutting-edge technology and  services,
with  a  view to creating on-line marketplaces that will be attractive to  all
players in the relevant industries.  Oil and gas is a perfect industry for  us
to achieve this and by teaming up with a high quality operator such as Granite
Rock, we are adding another powerful string to our bow.'

Stephen Birrell, Chief Executive of Granite Rock, added:

'Granite Rock has been developing plans for an independent B2B site for  about
9 months and believes that the blend of a real and virtual business will allow
it  to rise above the current stampede of sites only providing information and
margin-taking facilities.

'The  industry  needs  a truly independent and European Business  Facilitation
Site  and  Market  Place to cater for the unique needs  of  the  oil  and  gas
industry in the EAME region.  We believe that J2C and Granite Rock are ideally
suited to deliver this.

'Technology  is  the  key to this development, and J2C and  Granite  Rock,  as
innovative  technology users, will lead the new generation of  Internet  based

ENQUIRIES: plc                              Tel:     + 44 7808 690069
Karl Watkin, Chief Executive                     E-mail: [email protected]

College Hill                                     Tel:+ 44 207 457 2020
Nicola Weiner                                    E-mail:
[email protected]
Archie Berens                                    E-mail:
[email protected]


About Granite Rock:

Granite  Rock ( was established, by Stephen Birrell  and
John Ashbridge, in 1995 to provide services to the International Oil Industry.
Since  then, they have built a strong brand and reputation based on innovation
and  the  effective  application of technology within  the  field  of  Seismic

Granite Rock's client base includes Shell, BP Amoco, Total Fina Elf, Conoco.

The  company employs 8 staff in Aberdeen and undertakes projects in the UK and


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