1Spatial Holdings Regulatory News (SPA)

26 Sep 2005 07:00

Z Group PLC26 September 2005 26 September 2005 Z GROUP PLC ("Z GROUP" or the "Company") Z Group launches new software service, Onbidder The Company is pleased to announce that its new software service called Onbidder(www.onbidder.com) will be launched on 1st October 2005. The Onbidder service isa software download that enhances a user's prospects of being successful duringeBay auctions. The Directors of Z Group believe that the key problems a bidder faces when usingeBay are the inconvenience of auction deadlines and the existence of biddingwars which can often mean that bidders spend more money than they would like.Onbidder is aimed at solving these problems. The software helps a bidder to 'win' an auction at the best possible price byusing an automated "precision bidding" process. Onbidder waits until the finalseconds of the auction to place its bid. By doing this, the bidder gets the itemat the lowest price possible up to a limit specified by the bidder and, asOnbidder works automatically, they do not have to be waiting in front of theircomputer until the auction is about to close. Onbidder also allows the bidder to monitor multiple items at the same time.When there are several auctions selling the same type of item, the user cansimply set up multiple bids each defining the maximum bid. As soon as one ofthem wins, Onbidder will automatically cancel all the other relevant bids. Onbidder will be initially marketed to the Z Group existing customer base and ZGroup will also aim to convert a percentage of eBay's 157 million worldwideusers. Onbidder will be made available as an internet download fromwww.onbidder.com at £19.99 for a 12 month subscription. Jamie True, Joint CEO of Z GROUP, commented: "We are excited to be marketingsuch a useful software tool. Onbidder is an excellent addition to the Z Groupportfolio, continuing our focus to deliver software to large groups of end usersthat addresses important and specific consumer needs." About Z Group Z Group is a profitable, marketing-led technology company with a proven trackrecord in the selection, development and successful marketing of technologies. ZGroup selects the technologies which it acquires or licenses for development onthe basis of identified market demand and specialises in cost effective,performance based marketing through a variety of channels. The Company has currently three existing software businesses: • Net2Roam and NetAway, services that allow individuals and SMEs to obtain local dial-up access numbers worldwide at rates below normal international rates • ONSPEED, the fastest internet acceleration software on the market, which instantly enables any PC, Mac and now for the first time Pocket PC user to browse and email at near broadband speeds by using a 9 patented compression technology. • OnShare, a software service that allows user groups to communicate and share information between PCs, which are not necessarily part of an existing network, securely via the internet. It is currently in development and is expected to launch during the latter half of 2005. For further information:Saskia HopmannZ Group PLC0207 952 4026saskia@zgroupplc.com This information is provided by RNS The company news service from the London Stock Exchange