Joint Venture

Auxinet PLC 5 June 2000 DataCash and Intershop in deal with ntl to provide E Commerce solutions to small businesses DataCash, a subsidiary of auxinet plc and a leading UK provider of internet payment solutions, today announced a deal with ntl, the complete communications company, and Intershop which will increase the rate at which small businesses in the UK adopt e-commerce. The ntl new venture, called 'ntl shopbuilder', provides a one-stop-shop for small businesses aiming to grow their businesses online. 'ntl shopbuilder's' modular structure allows customers to tailor a site to their exact requirements while utilising DataCash's advanced software as its core credit and debit card transaction processing engine. DataCash's payment technologies will be used by all merchants wishing to add credit and debit card transaction capability to their sites. 'ntl shopbuilder' overcomes the main barrier to companies looking to implement e-commerce the complexity of integrating all the facets of an online offering. This is harder for small businesses who sometimes lack the in-house capabilities to run their own site. 'ntl shopbuilder' eliminates this complexity so that small businesses can share in the online retailing opportunity. 'Too often, the 'e' in e-commerce stands for 'effort'. With ntl and Intershop we are taking that strain for 'ntl shopbuilder's' customers. Our payment technology, together with ntl's profile and market reach plus the shopping cart capabilities of Intershop, will allow thousands of new merchants to realise the promise of the e-commerce revolution,' said Gavin Breeze, founder of DataCash. 'We feel that ntl's decision to select DataCash for 'ntl shopbuilder' offers an enormous opportunity for us to extend our market leadership and underlines our role at the heartbeat of European e-commerce.' DataCash and NTL 'Analysts predict the growth of e-commerce to reach £2.5 billion by 2005. Businesses that embrace online trading now will gain a considerable market advantage. In the past businesses have been reluctant to have a web presence due to technical complexities and costs. ntl can now help its customers create a virtual business where they can take orders, process payments and manage customers very easily. This new offering may help businesses increase their profitability and service delivery,' says Stephen Rowles, MD, Business Solution, ntl. For further information, please contact: David Bailey Chairman, auxinet plc 020 7550 1000 Gavin Breeze Founder, DataCash 020 7632 0400 John Coyle 020 7713 0900 Clerkenwell Communications 0370 687 370 07699 727 796 (pager) DataCash: DataCash Ltd., part of auxinet plc, specialises in providing secure e-commerce payment solutions, products and services. Formed in 1997, it has already established a market leading position in the rapidly developing e-commerce transactions market. DataCash has offices in London and Edinburgh. Products and services are sold through reseller channels including Portals, ISPs, Solution Developers, Shopping Cart suppliers and Banks. Existing customers include QXL, easyRentacar, Toyzone, Blackstar, Littlewoods, Compaq, CGU and Virgin. For more information about DataCash and its fraud screening services for merchants and merchant service providers, please contact by email at info@datacash.com or visit the Company's Web site at www.datacash.com or call 020 7632 0400. Auxinet plc: auxinet plc is an EcoNet (Economic Network) of four tightly knit companies that share a common infrastructure, customer base and intellectual capital. A leading enabler in the e-commerce and fast growth hi-tech sector, from human capital to e-payments for e-businesses. auxinet delivers solutions and value for start-ups and blue chip organisations embracing the e-commerce economy. auxinet plc is AIM listed and trades under the symbol AUX. For more information visit the website at www.auxinet.com or call +44 (0) 207 759 7900 More on ntl: * ntl uses state-of-the-art technology to deliver telephone, tv, internet and interactive services to UK home businesses. * 22 million homes watch ITV, C4 and C5 thanks to ntl's transmission network: 5.6 million of those homes are within its fibre-optic broadband network. * ntl helped pioneer digital tv and is involved in digital terrestrial, cable and satellite and launched the UK's first interactive service in March 1999. * ntl's national network carries such names as Virgin, Orange and AT&T. * with businesses in France, Australia and Ireland, ntl's headquarters are in Hook, Hampshire, UK. It has over 12,000 employees and is listed on NASDAQ and EASDAQ. * in July 1999, ntl announced its intention to acquire the consumer operations of Cable & Wireless communications.

Companies

Globaldata (DATA)
UK 100

Latest directors dealings