Solvera Businesses Bought for £1m

Pennant International Group PLC
22 December 1999



Pennant International Group Acquires Logistics Software and Documentation
Businesses for £1 million.

Pennant International Group plc announces that on 21st December 1999 it
completed the acquisition of all the issued share capital in Solvera
Information Services (Documentation) Limited, Solvera Information Services
(Software) Limited and Solvera Information Services (Technologies) Limited,
from Solvera Information Services Limited;  and 85% of the issued share
capital in Omega Logistics International Inc, from Solvera plc in
Administration.

On 7th August 1999 the businesses and certain assets of Solvera Information
Services Limited were transferred to the three UK companies referred to above.
From that date to 30th November 1999 the combined turnover of the acquired
businesses, including Omega Logistics International Inc, was approximately
£2.5million and losses for the period amounted to approximately £0.3million.

Pennant International Group paid £1million allocated as to £40,000 for share
capital with the balance to clear existing inter-company loans at completion.

The Documentation business is a major independent provider of electronic
technical documentation in the UK and Europe.  Services include the supply of
electronic manuals and support products, including computer based training, to
customers in the defence, aerospace, petro-chemical, transportation, IT and
telecommunications industries.  The Software business and Omega Logistics
International in the USA are major providers of Integrated Logistics Software
(ILS) products and services in the world-wide defence and transportation
industries.  A comprehensive family of ILS software products is marketed under
the Omega PS label.  The UK based company focuses on the UK and European
markets, whilst the US based company covers the rest of the world notably the
USA, Canada and Australia.  Both companies provide software support and
training to their clients.  Technologies is an embryonic business with a small
team dedicated to the development of products for Internet Technical
Publications, Omega WEB PS ILS software for intranets, extranets and the
Internet, and training system delivery over the Internet.

'Together with our current operating company, Pennant International Limited
supplying simulation and training systems products to the defence and
aerospace markets, these businesses add major, complementary capabilities in
the broad field of integrated logistics support,' said Joe Thompson, Group
Chief Executive.  'In addition to the contribution to group turnover and
profit, we have identified synergies in the new grouping which offer exciting
opportunities for developing new markets for our products and services
including the North American market.  This acquisition strengthens our
position in the defence and aerospace industries and is a significant
step-change in the group's development.'

The principal places of business of the UK companies are Southampton and
Manchester.  Omega Logistics International Inc is based in Los Angeles,
California, USA and has an office in Ottawa, Ontario, Canada.

It is the intention that the three UK companies will be combined into a single
legal entity, which will trade as Pennant Information Services Limited and the
US company as Pennant Information Services Inc.


For further information, contact:

Joe Thompson, Chief Executive,
Pennant International Group plc: Tel: [phone]
                                 Mobile: [phone]
Barrie Newton, Rowan Dartington: Tel: [phone]
Ken Rees, Winningtons:           Tel: [phone]
                                 Mobile: [phone]