Artemis Res Regulatory News (ARV)

5 Aug 2005 10:24

Archimedia Ventures PLC05 August 2005 ARCHIMEDIA VENTURES PLC Agreement re Acquisition of Rights Archimedia Ventures Plc ("Archimedia" or the "Company") is pleased to announcethat it has signed an agreement with Spell Cast Systems Limited ("Spell Cast"),the owner of the intellectual property rights in the newly launched footballresults prediction game "Victor Predictor", which is operated from the websitewww.victorpredictor.com. Under the terms of the agreement, Spell Cast has agreed to grant Archimedia anexclusive worldwide license to promote and develop the non-internet formats ofVictor Predictor. In particular, it is hoped to develop a television format forthe game. As consideration for the agreement, the Company has agreed to issue to SpellCast 25,000 ordinary shares of 1 penny each at the closing midmarket price perordinary share on 4 August 2005 and to pay to Spell Cast the cash sum of £5,000. Application has been made for these new ordinary shares to be admitted totrading on AIM and their admission is expected to occur on 10 August 2005. The Company has also been granted certain rights of pre-emption by Spell Cast ifit wishes to transfer interests in the intellectual property rights in VictorPredictor and by Kevin Fisher, the sole shareholder of Spell Cast, if he wishesto transfer interests in shares in Spell Cast. Noel Healy, Chairman of Archimedia, commented, "We believe that this agreementshows Archimedia's ability to source transactions in this growing sector, andlook forward to working with the Victor Predictor team in the successfuldevelopment of their newly launched concept." For further information contact: Noel Healy - 07770 980214 Note: the contents of the Victor Predictor website referred to above do notcomprise or form any part of the contents of this announcement and the directorsof Archimedia Ventures Plc do not accept any responsibility for any of itscontents. Ends This information is provided by RNS The company news service from the London Stock Exchange