£1m Strategic Investment Taken in IT Outpost Ltd

eVestment Company PLC
28 March 2000


         The eVestment Company Plc ('eVestment')
                            
 Strategic Stake in Software and E-commerce Application
                        Provider


eVestment  (www.evestment.co.uk),  the  Internet  and  e-
commerce investment company, is pleased to announce  that
it has undertaken a strategic investment of £1,000,000 in
IT Outpost Limited (www.itoutpost.co.uk). IT Outpost is a
software  and  Internet application house  that  develops
technical  solutions for a wide range of  blue  chip  and
medium sized companies.

This  investment is consistent with eVestment's intention
to  take  strategic  stakes in e-commerce  infrastructure
companies  that will benefit directly from  the  enormous
demand  from new internet companies for complete  end  to
end   solutions  in  the  e-commerce  arena.  IT  Outpost
consists  of  a bespoke department developing  web  based
applications for clients, and a new business to  business
service due for release this summer.

The   new   ebusiness  starter  kit  provides  technology
associated with larger companies to SMEs at a fraction of
the  cost.   The package includes an intranet,  extranet,
shopping   basket  system,  SMS  &  WAP  support,   voice
recognition (that allows clients to check their  site  by
telephone), stock management and order fulfilment.  Sites
created  using the service may be requested in any  major
European language.  For example, a businessman in Germany
will  be  able  to build his site in German,  whilst  his
clients request to view the site in French.

IT  Outpost provides full hosting and backup, freeing the
business user from the worry and expense of running their
own  site.   The  Company  has the  technology  to  clear
credit/debit  cards through a proprietary  card  clearing
facility,  which  will  enable  it  to  deliver  complete
ecommerce solutions.

The package will be available for a low monthly fee, with
step-by-step   instructions  for   beginners.    As   new
applications  and plug-ins are developed,  they  will  be
made  available to subscribers without the need  for  any
changes to their existing site.

IT  Outpost  aims to level the technology  playing  field
between large and small companies.


For further information, please contact:

The eVestment Company Plc                   0171 937 4445
Chris Roberts
Email: [e-mail]
ITOutpost                                   01753 725 220
Caspar Gilroy
www.itoutpost.co.uk
Square Mile Communications                  0171 601 1000
Nick Oborne or Stephanie Smart


Notes to Editors:

eVestment invests in and takes an active development role
in  young  internet  and e-commerce  related  businesses.
Current  investments  include Educentre.com,  eBop.co.uk,
The    Sharepeople.com,    18Global.com,    iDefense.com,
Kapok.com,    Stargig.com,    Easier.co.uk,     Wave.com,
CallServe.com,       WinWin.com,       MusicUnsigned.com,
Statpro.com,      Grouptrade.com,      G-E-T.com      and
Medexonline.com.  To date gameplay.com,  Freecom.net  and
Pure Entertainment Games (investments no longer held) and
Wave  Corporation  and Easier  (investments  still  held)
have floated.

The  eVestment  management team, led by  Oliver  Vaughan,
Chairman,  and Christopher Roberts, Chief Executive,  has
strong  investment  and  management  experience.   Oliver
Vaughan  is  and  has  been a Director  of  a  number  of
companies  with  a  technology focus, including  Redstone
Telecom and Retail Decisions.  Oliver was formerly on the
Board  of  Internet  Technology  Group,  before  it   was
acquired by Concentric.

eVestment  was formed in 1997 and floated  on  AIM  later
that  year.  It raised £9.8 million in December  1999  to
provide  funds for further investment and a further  £44m
in February 2000.