Statement re. IMX

Cater Barnard PLC 23 January 2002 23rd January 2002 Cater Barnard plc announces the relisting of IMX Pharmaceuticals, Inc. AIM-listed financial services company, Cater Barnard plc, announces that IMX Pharmaceuticals, Inc. ('IMX'), in which Cater Barnard plc holds a 57% stake, has been relisted on the OTC Bulletin Board today. IMX is now a specialist direct marketing and software sales company comprising ThinkDirectMarketing, Inc. ('TDMI') and Findstar plc. Cater Barnard sold TDMI to IMX for a consideration of US$16.8million in October 2001, to be satisfied by way of Ordinary Shares, Loan Notes and Preference Shares. Following the relisting, Cater Barnard will seek to reduce its stake in IMX by selling the shares it owns to raise additional capital which will be used to develop its ongoing core activities. The board of IMX has approved the proposed change of the Company's name to Accendo, Inc., subject to shareholder approval. The stock trading symbol is OTCBB: IMXI. Stephen Dean, Chairman of Cater Barnard plc, commented, 'We are delighted that IMX has finally relisted. We believe that its new form as a direct marketing company and software distribution business has great potential.' IMX has sold its non-core subsidiaries to Shalom Y'all, Inc., a company wholly owned by William A. Forster, the former Chairman and Chief Executive Officer and a former director of the Company. -ENDS- For more information, please contact: Mark Garratt Adrian Stecyk Justine Howarth Cater Barnard plc Griffin Securities, Inc Parkgreen Communications Tel: 0870 0660830 Tel: 001 212 509 9500 Tel: 020 7287 5544 Notes to editors TDMI designs, develops and distributes products and services that automate and streamline direct marketing and customer relationship management processes. Findstar plc's business consists of the distribution of anti-virus software known as Panda Anti-virus Software in the United Kingdom, one of the leading anti-virus software systems. Panda Software is also distributed outside the United Kingdom. This information is provided by RNS The company news service from the London Stock Exchange

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