Acquisition & Alliance

eXpansys Plc 30 July 2007 ACQUISITION OF YOONOO LIMITED and STRATEGIC ALLIANCE WITH TRUPHONE Acquisition of YooNoo Limited eXpansys plc ('eXpansys' or the 'Group') is pleased to announce that it has acquired YooNoo Limited ('YooNoo'), the owners of www.globalpositioningsystems.co.uk, www.shiroi.co.uk and www.goaudio.co.uk, for an initial cash consideration of £0.2 million. Deferred consideration of up to £0.9 million will be payable, depending on the performance of YooNoo in the 12 months following completion. Of this deferred consideration, 50% must be paid in cash with the remaining 50% being payable in either cash or eXpansys shares at the discretion of the eXpansys Board. The total consideration payable for YooNoo will not exceed £1.2 million. On completion, YooNoo had net cash of £0.3 million and stock of £0.4 million. YooNoo, through its website www.globalpositioningsystems.co.uk, is the market leading online retailer of satellite navigation systems in the UK. The directors of eXpansys believe that YooNoo will fit neatly into the eXpansys group and that significant cost savings will be achievable through economies of scale, particularly in warehousing, financing and IT. Roger Butterworth, CEO of eXpansys, said: 'YooNoo owns three significant web brands with a reputation for providing good customer service and having real product knowledge. So, I am delighted to announce the purchase of this business which adds depth to the eXpansys group of companies. 'I believe that, following flotation, eXpansys is well positioned to develop these brands and deliver further growth.' Truphone Strategic Alliance The Board of eXpansys also announces that the Company has entered a strategic alliance with Truphone to provide a co-branded mobile VOIP service to users of dual mode WiFi / GSM handsets. The service will be offered to eXpanys' one million plus customers, as a low cost alternative to traditional pre-pay mobile services. Roger Butterworth said: 'Research indicates that around 60% of mobile phone calls are made from the home or office and this service will operate when a user is in a WiFi hotspot or connected to their WiFi network at home or in the office. Also, international calls from our service will be 70-80% cheaper than calls made over legacy mobile networks.' For further information, please contact: eXpansys plc Tel: +44 (0) 161 232 3410 Roger Butterworth, CEO roger@expansys.com Investor relations website www.expansys.com/investor.aspx Rawlings Financial PR Limited Tel: +44 (0) 1756 770 376 Catriona Valentine catriona@rawlingsfinancial.co.uk About eXpansys The Group specialises in the sale of handheld electronic devices with wireless connectivity and boasts a wide offering ranging from smartphones and ultra mobile personal computers, to cameras and GPS equipment. Under the umbrella of www.expansys.com, www.nomatica.com, www.portix.com and www.mobileplanet.com, eXpansys operates some 50 websites in 12 different languages that cater to the major economies of the world and serve both retail customers and blue-chip corporate accounts including Microsoft, Oracle, The Metropolitan Police and Dell Computer. Based in Manchester, eXpansys has grown both organically and through acquisition and has a global infrastructure that allows it to service its international customer base through a network of warehouses in the UK, France, USA, Hong Kong and Australia. This information is provided by RNS The company news service from the London Stock Exchange AFID
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