CLP.L Regulatory News (CLP)

22 Feb 2007 17:16

Brainspark PLC22 February 2007 For Immediate Release 22 February 2007 Brainspark plc ("Brainspark" or the "Company") Investee company, Metapack Limited ("Metapack") secures further funding Further to the announcement of 31st July 2006 when Brainspark had taken part inthe £250,000 round of financing in Metapack Ltd, the leading UK provider ofdelivery software formulti-Channel home delivery, Brainspark is today announcing that Cotterford, aninvestment company in the UK, have subscribed £ 400,000 for an issue of newshares repesenting 17.78 per cent. of the enlarged issued share capital. Brainspark holds 30,000 shares in Metapack, which represented 10.58%pre-investment and 8.23% post investment. MetaPack already provides software solutions to leading retailers such as JohnLewis, B&Q, Boots, Dixons, PCWorld and Comet and will continue to benefit frominternet driven growth in home delivery. In addition, MetaPack sees significantgrowth potential in providing "software as a service" using an ASP architectureand therefore intend to target medium-size companies in retail and non-retailwho currently use proprietary carrier management. systems.The new investmentwill support ASP development and marketing. For information please contact: Francesco Gardin, Brainspark plc, telephone: 00 39 335 296573 Roland Cornish, Beaumont Cornish Limited, telephone: 020 7628 3396 This information is provided by RNS The company news service from the London Stock Exchange