Further Investment in ADVFN.com

NewMedia SPARK PLC 15 March 2000 NewMedia SPARK announces a further investment in ADVFN.com NewMedia SPARK plc ('SPARK') announces that it has agreed to exercise its right to subscribe for a further 5m shares in ADVFN.com PLC ('ADVFN') at the placing price of 10p per share. SPARK had previously invested £500,000 in ADVFM at a price of 5p a share, and this latest investment will increase SPARK's holding in ADVFN to 15m shares, acquired at a total cost of £1m. ADVFM is shortly to gain an AIM listing, with initial dealings in ADVFN shares expected to commence on 20th March 2000. SPARK's shareholding will amount to 6% of the issued share capital. Michael Whitaker, CEO of SPARK, commented: 'It is pleasing to see another of SPARK's investments coming to the market. ADVFN's financial portal is growing rapidly and we are also enthused by the company's 2C data visualisation technology, which we believe has the potential to be used on a number of other sites in addition to ADVFN's own. ADVFN is currently in discussions with GlobalNet Financial.com Inc, Quote.com and Hemmington Scott Limited with a view to forming strategic relationships. ' Michael Whitaker 0468 555944 NewMedia SPARK plc +20 7851 7777 Lisa Baderoon / Tim Anderson Buchanan Communications +20 7466 5000
UK 100

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