Final Results

Cater Barnard PLC
29 November 2001

FOR IMMEDIATE RELEASE
29 November 2001

Cater Barnard plc
(formerly Voyager IT.com plc)
(AIM)

PRELIMINARY RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2001

Enquiries:

Cater Barnard plc                              0870 066 0830
Stephen Dean, Chairman                         07785 938782
Mark Garratt, Finance Director                 07957 675979
Adrian Stecyk, Chief Executive (USA)

Seymour Pierce Limited                          020 7648 8700
Sarah Wharry

Parkgreen Communications Limited                020 7287 5544
Simon Robinson
Justine Howarth


Cater Barnard plc

CHAIRMAN'S PRELIMINARY STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2001



'I am pleased to be able to report the almost completed transformation of
Cater Barnard to an international financial services business. Having moved
from being an internet incubator, we are now entering a new period offering
excellent growth opportunities and look forward to capitalising on the
foundations built over the past year.

This year's highlights include:

  * Pre-tax Profits of £1,906,358          (after £4,234,542 provision in our
                                          investment management subsidiary);

  * Earnings Per Share of 1.16p fully diluted (after provisions in our
    investment  management subsidiary);
  * Net Asset Value per share of 8.46p;
  * Acquisition and successful integration of the business of Corporate
    Decisions Ltd;
  * Submitted application to the Securities and Futures Authority (SFA) for
    authorisation to conduct investment business. The successful result of
    this application will be announced before Christmas;
  * Completed sale or flotation of all non-core investments;
  * Successful establishment of a corporate finance base in the City of
    London;


With the transformation of the Group complete, our London corporate finance,
and New York corporate finance and brokerage, businesses are now reviewing
various opportunities.

Successful registration with the SFA will allow the UK business to further
develop its investment banking activities and will provide new opportunities
in corporate finance.

Your Company currently has various transactions at hand. In conjunction with
these, the Board intends to develop the business by increasing the range of
our financial services offered and is currently seeking further acquisition
opportunities to accelerate this growth into new areas.


Unfortunately the office in New York was affected by the September 11th
tragedy due to its proximity to the World Trade Center site. Although it
escaped any direct damage, the business was somewhat affected by these events.
However, all our US staff are safe and I am pleased to report that business
has returned to normal. Cater Barnard currently owns 86.75% of Cater Barnard
(USA), and it is our intention to acquire the remaining 13.25% as the
opportunity arises.

The following profit centres now define our business:

1.      Cater Barnard Securities Ltd (100% owned)

Situated in the City of London, Cater Barnard Securities comprises our UK
operations. The business operates as a corporate finance boutique offering
mergers & acquisition services, corporate introductions, financial research
and analysis. It is hoped the business will be authorised through the SFA
before Christmas and therefore will be able to extend its scope of business in
the corporate finance sector.

2.      Cater Barnard Capital Ltd (100% owned)

Cater Barnard Capital is an investment management business, currently managing
two investments - Envesta plc and IMX Pharmaceuticals, Inc.

*    Envesta is an AIM-quoted Specialist Telecoms business of which your
Company owns 53.73%.

*    IMX is a US Public company that owns ThinkDirectMarketing, Inc. and Panda
Anti-Virus Software Ltd. Your Company owns 44% of this investment.

3.      Cater Barnard USA plc (86.75% owned)

Cater Barnard USA's operations are based in New York. Fully licensed by the
NASD through its subsidiary Griffin Securities, Inc., business activities
include mergers and acquisitions, fund raising, financial research and
stockbroking.

All the operating companies within the Group made substantial Operating
Profits and Earnings Before Interest and Tax. However, the Directors believe
it prudent to carry out a Fair Value Assessment on the Investment Management
business and have provided £4,234,542 against some of those investments,
reflecting the current volatility in the USA and UK smaller-quoted company
markets.

During the year we were pleased to appoint Mark Garratt as Finance Director of
Cater Barnard and Executive Director of Cater Barnard Securities. Mark is also
now Finance Director of Cater Barnard USA.

Since its formation, Cater Barnard has not had the benefit of Non-Executive
Directors.  Following the successful restructuring of your Company, I intend
to become a Non-Executive Director and look to appoint a second Non-Executive
as soon as practicable. The Board will then be as follows:

S. Dean - Non-Executive Chairman

A. Stecyk - Chief Executive (USA)

M. Garratt - Finance Director and Chief Executive (UK)

To be advised  - Non-executive Director

Dividend

Due to the historic losses incurred, the company is unable to recommend the
payment of a dividend.

It is your Company's intention to keep its shareholders fully informed of our
activities. To this end, we have set up a website which provides up-to-date
information and company news; www.caterbarnardplc.com

Overall, the year under review has been very active. Consequently, I wish to
thank all the staff and advisers for their committed support and continuing
loyalty.'

STEPHEN DEAN

Chairman


CONSOLIDATED PROFIT AND LOSS ACCOUNT

Year ended 30 September 2001


                                                                    Period from

                                                    Year ended   11 August 1999
                                                                             to
                                             30 September 2001
                                                                   30 September
                                                                           2000

                                                             £                £
TURNOVER
- Continuing                                         2,743,401          437,663
   - Acquired                                        1,378,241                -
                                                     _________        _________
                                                     4,121,642          437,663

Cost of sales                                        (594,144)                -

                                                     _________        _________

GROSS PROFIT                                         3,527,498          437,663


Administrative expenses                            (1,011,807)        (114,481)
                                                      ________          _______
OPERATING PROFIT                                     2,515,691          323,182



Losses on fixed asset investments                    (306,957)      (2,718,739)
Interest receivable and similar income                  17,337           47,798
Interest payable and similar charges                 (319,713)         (68,550)
                                                      ________        _________
PROFIT/(LOSS) ON ORDINARY

ACTIVITIES BEFORE TAXATION                           1,906,358      (2,416,309)

Tax on profit/(loss) on ordinary                     (343,595)                -
activities
                                                      ________        _________
PROFIT/(LOSS) ON ORDINARY

ACTIVITIES AFTER TAXATION                            1,562,761      (2,416,309)

Minority interest                                     (92,535)                -
                                                      ________        _________
PROFIT/(LOSS) FOR THE FINANCIAL PERIOD

                                                     1,470,228      (2,416,309)
                                                      ________        _________
Earnings per ordinary share                              1.16p          (3.35)p
                                                       _______          _______
Diluted earnings per ordinary share                      1.16p          (3.35)p
                                                       _______          _______



All activities derive from continuing operations.


CONSOLIDATED STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES

Year ended 30 September 2001




                                                                    Period from

                                                      Year ended 11 August 1999
                                                                             to
                                                    30 September
                                                            2001   30 September
                                                                           2000
                                                               £              £

Profit/(loss) for the financial period                 1,470,228    (2,416,309)

Unrealised gain on financial fixed assets                      -      3,868,690

Impairment of unrealised gain on financial
fixed assets                                         (3,858,690)              -
                                                     
                                                        ________       ________

Total recognised gains and losses relating to
the period                                           (2,388,417)      1,452,381
                                                     
                                                        ________       ________




RECONCILIATION OF MOVEMENT IN CONSOLIDATED SHAREHOLDERS' FUNDS
Year ended 30 September 2001


                                                                    Period from

                                                      Year ended 11 August 1999
                                                                             to
                                                    30 September
                                                            2001   30 September
                                                                           2000
                                                               £              £

Profit/(loss) for the period                           1,470,228    (2,416,309)

Other recognised gains relating to the period        (3,858,690)      3,868,690

Proceeds of issues of shares (net of costs)            1,929,548     13,080,745
                                                       _________      _________
Net movement in shareholders' funds                    (458,914)     14,533,126

Opening shareholders' funds                           14,533,126              -
                                                       _________      _________
Closing shareholders' funds                           14,074,212     14,533,126
                                                       _________      _________

Net assets per ordinary share                              8.46p         12.27p
                                                          ______         ______



CONSOLIDATED BALANCE SHEET

30 September 2001


                                                  30 September   30 September
                                                         2001           2000

                                                               £              £
FIXED ASSETS

Intangible assets                                      1,149,966              -

Tangible assets                                           54,612          2,150
Investments                                           18,536,683     17,069,141
                                                       _________      _________
                                                      19,741,261     17,071,291
                                                       _________      _________
CURRENT ASSETS

Debtors                                                1,144,424         81,747
Cash at bank and in hand                                 162,598         63,339
                                                       _________      _________
                                                       1,307,022        145,086
CREDITORS: amounts falling due within one year

                                                     (2,484,887)    (1,213,058)
                                                       _________      _________
NET CURRENT LIABILITIES                              (1,177,865)    (1,067,972)

                                                       _________      _________



TOTAL ASSETS LESS CURRENT LIABILITIES                 18,563,396     16,003,319

CREDITORS: amounts falling due after more than
one year                                             (4,200,000)    (1,470,193)
                                                     
Equity minority interest                               (289,184)              -
                                                       _________      _________
NET ASSETS                                            14,074,212     14,533,126
                                                       _________      _________

CAPITAL AND RESERVES

Called up share capital                                1,663,457      1,184,328
Share premium account                                 13,346,836     11,896,417
Revaluation reserve                                       10,000      3,868,690
Profit and loss account                                (946,081)    (2,416,309)
                                                       _________      _________
EQUITY SHAREHOLDERS' FUNDS                            14,074,212     14,533,126

                                                       _________      _________

Net Assets per ordinary share                              8.46p         12.27p
                                                          ______         ______


CASH FLOW STATEMENT

Year ended 30 September 2001




                                                                   Period from

                                                   Year ended   11 August 1999
                                                                            to
                                                 30 September
                                                         2001     30 September
                                                                          2000
                                                            £                £
Net cash inflow from operating activities           2,087,866          655,210


Returns on investments and servicing of
finance
Interest received                                      17,337           47,798
Interest paid                                        (32,510)         (68,550)
                                                     ________          _______
Net cash inflow from returns on
investments and servicing of finance                 (15,173)         (20,752)
                                                     ________          _______

Taxation Paid                                         (8,300)                -
                                                     ________          _______

Capital expenditure and financial

Investment
Payments to acquire tangible fixed assets            (62,532)          (2,867)
Payments to acquire investments                  (14,986,832)     (23,142,884)
Receipts from sales of investments                  9,579,748        9,266,200
                                                    _________        _________
Net cash outflow from capital expenditure

and financial investment                          (5,469,616)     (13,879,551)
                                                    _________        _________

Acquisitions and disposals

Purchase of subsidiary undertakings                 (554,033)                -
                                                    _________        _________
Net cash outflow from acquisitions and

Disposals                                           (554,033)                -
                                                     ________        _________

Net cash outflow before financing                 (3,959,256)     (13,245,093)

                                                     ________        _________
Financing

Issue of ordinary share capital                     1,352,558       12,442,138
Debt finance raised                                 2,729,807        1,470,193
Expenses on issuing equity shares                    (23,850)        (603,899)
                                                     ________        _________
Net cash inflow from financing                      4,058,515       13,308,432

                                                     ________        _________
Increase in cash in the period                         99,259           63,339

                                                     ________          _______

NOTES

1      Earnings Per Share

            The basic earnings per share are calculated by dividing the loss
for the financial year attributable to shareholders by the weighted average
number of shares in issue. In calculating the diluted earnings per share,
share options and warrants outstanding have been taken into account.

            The weighted average number of shares was:
                                                  30 September    30 September
                                                          2001            2000

   Basic weighted average number of shares ('          126,389          72,167
   000)

   Dilutive potential ordinary shares:
     Share warrants ('000)                                   -               -
                                                   ___________    ____________
                                                       126,389          72,167
                                                   ___________    ____________


2       The financial information set out in this document does not constitute
statutory group accounts.

3       The report and accounts for the period to 30 September 2001 will be
posted to shareholders by 19 December and, after being laid before the Annual
General Meeting, will be delivered to the Registrar of Companies.

Copies of the Report and Accounts will be available to the public, free of
charge, from the office of Cater Barnard plc, Lloyd's Avenue House, 6 Lloyd's
Avenue, London, EC3N 3AX during normal office hours, with the exception of
Saturdays, Sundays and bank holidays, for one month from 19 December 2001.


Enquiries:



Cater Barnard plc                              0870 066 0830
Stephen Dean, Chairman                         07785 938782
Mark Garratt, Finance Director                 07957 675979
Adrian Stecyk, Chief Executive (USA)

Seymour Pierce Limited                         020 7648 8700
Sarah Wharry

Parkgreen Communications Limited               020 7287 5544
Simon Robinson
Justine Howarth