Acquisition

COUNTYWeb.com PLC 2 April 2001 COUNTYWeb.com PLC Acquisition of business and assets of Ansaback Further to the announcement made on 27 March 2001, COUNTYWeb.com PLC ('COUNTYWeb' or the 'Company'), the on-line regional business directory provider, has now acquired certain customers and assets from Ipswich-based 24/ 7 message and call-centre service Cedar Ansaback Ltd for a total consideration of £194,000. The acquisition, will provide COUNTYWeb with a specialist overflow and out of hours message taking service and its associated software. It is proposed that the call-centre service will be consolidated with the Company's own operations at it's office in Ipswich. Some 200 client contracts and 76 full or part time staff will be transferred to COUNTYWeb enabling COUNTYWeb to offer a full out of hours service to its existing client base and extend the utilisation of its existing outbound call centre technology to 24 hours a day, 7 days a week. The existing contracts have an estimated annual value of approximately £500,000 and it is anticipated that the majority of these clients will renew at the end of their current contracts. It is proposed that each new client will be given an enhanced entry in the COUNTYWeb directory free of charge for the first 3 months, resulting in higher visibility for their business. This additional business, along with the existing base of more than 2,000 clients, will give COUNTYWeb a greater recurring revenue base for the future.

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PCI-PAL (PCIP)
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