Strategic Agreement with Ve Interactive

Milestone Group PLC ("Milestone" or the "Company") Strategic Agreement with Ve Interactive Milestone Group PLC is pleased to announce that it has entered a global agreement to sell the CEM (Customer Experience Management) Solutions of Ve Interactive Ltd. 'VeCapture' is a patented proprietary ecommerce tool, effective in securing additional form and shopping cart conversions from aborted online transactions. Steve Clucas, Executive Chairman of Ve Interactive commented "The industry average in abandoned carts is over 60%. Our VeCapture software acts like a black box to shopping carts, retaining all information entered by the customer prior to their abandonment, regardless of when the customer closed their browser or didn't click the submit button. This critical information then offers businesses the chance to sensitively remarket to those customers, which can mean the significant difference between profitability and loss." Milestone purchased 1.3% of Ve Interactive ordinary shares for a total consideration of £101,111 and has the right to purchase an additional 1.3% by the end of November 2009 for the same amount. Deborah White, CEO of Milestone said "We are excited by the fit between the two companies. We have been actively looking for media savvy companies to partner with. Ve Interactive with its VeCapture technology offers an unparalleled market solution that will be a huge synergistic asset to Milestone clients." In addition to taking an equity position in Ve Interactive, Milestone has secured reseller rights which entitle Milestone to up to 15% of the gross revenue it generates for Ve Interactive with all software installations and other costs being paid by Ve Interactive. FOR FURTHER INFORMATION: Milestone Group plc Deborah White, Chief Executive Officer Tel: 020 7929 7826 Milestone Group PLC website: www.milestonegroup.co.uk ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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