Acquisition

ITE Group PLC 27 July 2000 ITE Group plc ('ITE') announces acquisition of Conference and Exhibition on Advances in Plastic, Reconstructive and Aesthetic Surgery ('COPRAS') ITE has acquired 100% of the rights to COPRAS for a consideration equivalent to three times the average pretax profit for the next three editions to be held in 2001, 2002 and 2003. An initial cash consideration of US$200,000 was paid on completion and a further US$70,000 is to be paid on 1st October 2000. The first Conference was held in February 2000 in Moscow. The conference was attended by over 200 paying delegates together with 1000 sq.ms. of net space sold to exhibitors. Lawrie Lewis, ITE's Chairman said: 'I am delighted that ITE has acquired COPRAS which strengthens ITE's Healthcare product portfolio. We plan to add further international attendees to the event and to replicate the show in other countries.' For further information, please contact: Buchanan Communications 020 7466 5000 Isabel Petre

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Hyve Group (HYVE)
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