Re Gordian Investments

5 Aug 2005 17:57

Blue Star Capital plc05 August 2005 For Immediate Release 5 August 2005 BLUE STAR CAPITAL PLC ("Blue Star") Statement re Gordian Investments PLC ('Gordian') Blue Star (AIM: BLU), the company created to provide seed capital for earlystage companies, is pleased to note today's announcement from GordianInvestments PLC (AIM:GOR), Blue Star's fourth investment, which floated on AIMin March 2005. Blue Star's interest in Gordian is 24.43%, representing 7,500,000shares. Gordian has conditionally agreed to acquire the entire issued share capital ofAll New Video Limited ('ANV'), a managed services company offering livemulti-party 3G video conferencing, PC to video calling and video mail. In viewof the size of ANV relative to Gordian, the acquisition will constitute areverse takeover under the AIM rules. ENDS For further information: Blue Star Capital plc Tel: 020 7070 7283Haresh Kanabar Chief Executive Panmure Gordon & Co Tel: 020 7459 3600Katherine Roe Buchanan Communications Tel: 020 7466 5000Elly Williamson Notes for editors About Blue Star Capital plc Blue Star Capital plc was formed in 2004 as a vehicle to provide initial seedcapital for the development of early stage companies. The Company joined the AIMmarket of the London Stock Exchange, under the ticker symbol BLU, in October2004 and has since made significant investments in four newly formed companies:India Outsourcing Services plc, Black Raven Properties plc, Gordian plc andGasol plc. All of these companies have been admitted to the AIM market andhighlight the Company's strategy of making investments across a variety ofsectors. Blue Star also announced that it had taken a minor stake in MedCenterHoldings Inc. in June 2005. Blue Star has a highly capable Board, led by Executive Chairman Nigel Robertson,with significant experience of identifying, evaluating and securing businessopportunities and of forming, funding and floating companies. Blue Star intends to achieve capital appreciation from a portfolio of quoted andunquoted investments in businesses that offer strong growth prospects and adefined timeframe to exit. This information is provided by RNS The company news service from the London Stock Exchange