Osprey Communications PLC
7 June 2000
Osprey Communications ('Osprey' or 'the Company')
Current Status
Further to the announcement of 18 January, the Company remains
in discussions with respect to a possible reverse takeover,
although the completion of this transaction has been hampered
by the significant volatility of the stock market. If the
Company does not proceed with the reverse takeover then the
board of Osprey will continue to pursue other strategic
alternatives.
The Company will make further announcements in due course.