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J2C PLC (JTK)

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Tuesday 21 August, 2001

J2C PLC

Trading Statement

J2C PLC
21 August 2001


21 August 2001

J2C plc


Closure of trading operations


In an announcement on 10 August 2001, the Directors of J2C plc ('J2C' or the
'Company') referred to a number of issues which remained to be resolved prior
to the posting of a circular to shareholders in connection with the proposed
reduction of capital.



One of the outstanding issues was the resolution of the future of the
Company's remaining trading operations, namely BestValueZone ('BVZ'), which is
a combination of the businesses of Industry On-Line and Tradezone, and
Translinx.  The Directors have been seeking purchasers for both BVZ and
Translinx.



The Directors have spent several weeks in detailed discussions with an
interested party over the sale of BVZ.  These discussions have now terminated
and the Directors consider that a sale of the business is unlikely to generate
value for shareholders.  Consequently, the Directors have decided to close the
BVZ business.



Discussions have also been held with several parties over the sale of
Translinx.  Whilst there remains the possibility that certain assets, such as
the name and technology of Translinx, will be sold, Translinx will not be sold
as a going concern.  Consequently, the Directors have also decided to close
this business.  As a result all of the Group's trading operations will cease.



- Ends -



Enquiries:



J2C plc

Alan Davidson                       0191 226 3506



Brunswick Group Ltd

Corinne Daniels                     020 7404 5959



                                                                                
                                                                                
                                          

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