Investment in Another Company

NewMedia SPARK PLC
18 April 2000



         NewMedia SPARK invests an initial £150,000
         for a minority stake in Speedclear Limited
                              
NewMedia  SPARK plc ('SPARK') announces that it has invested
an  initial  £150,000 for a 10% equity stake  in  Speedclear
Limited, a business to business opportunity in the insurance
sector.  SPARK is  committed to put in a further £150,000 in
the  initial stages if required by the Company and  has  the
opportunity  to  invest  further sums  to  bring  the  total
investment  to £2 million.  The business of the  Company  is
the  brainchild of Simon Plumridge, formerly of ACE  Europe,
insurance  underwriters,  and combines  his  many  years  of
experience  in  the  insurance industry  with  the  benefits
available through the provision of information and  services
via  Internet  platforms.  The business  will  initially  be
based  in SPARK's offices in Soho, London, which will  allow
the  founders  to  call on the wide variety  of  skills  and
contacts  within SPARK to substantially increase  the  speed
with which they can bring their proposition to the market.
Commenting on the investment Michael Whitaker, CEO of SPARK,
said:

'We  are pleased to be investing in Speedclear. The founders
have  developed a very promising business proposition  in  a
sector  which is in need of creative solutions  to  overcome
some  deeply ingrained and outmoded practices.   We  believe
that  this  could  be a substantial and profitable  business
within  a  reasonably short period of  time.   We  are  also
pleased  to be able to offer Simon and his team the  ability
to  share office space with us and so enable them to draw on
our  experience  and  contacts in the Internet  arena.  This
investment further increases our portfolio of investments in
the  B2B  financial arena, a segment of the market which  we
believe  offers  particularly attractive  Internet  business
opportunities.'

For further information, please contact:

NewMedia SPARK
Michael Whitaker                            020  7887 4510

Buchanan Communications
Lisa Baderoon                               020  7466 5000