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Internetaction.com (IPS)

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Monday 03 April, 2000

Internetaction.com

Purchase of Internet Company & Trading Suspension

Internetaction.com PLC
3 April 2000


                                
                     INTERNETACTION.COM PLC
               ('INTERNETACTION' OR 'THE COMPANY')


              POTENTIAL ACQUISITION AND SUSPENSION
                                

Internetaction.com plc announces that it is in early  discussions
which  may or may not lead to a substantial acquisition. In  this
context,  the  Company has today been granted a  call  option  to
acquire  another  company with interests in the internet  sector.
The  option  is  conditional  on a number  of  matters  including
satisfactory   due   diligence   on   the   target   company   by
Internetaction.    The   acquisition,   if   implemented,   would
constitute  a reverse takeover under the rules of the Alternative
Investment  Market  of  the  London Stock  Exchange  ('AIM')  and
therefore  require  the  approval of the Company's  shareholders.
Any  acquisition would be financed by an issue of  Internetaction
ordinary  shares, accompanied by a fundraising by  Internetaction
which  may be at a significant discount to the Company's  current
share  price.   Accordingly the directors of Internetaction  have
requested  that  trading  in  the  Company's  shares  on  AIM  be
suspended  with immediate effect, until such time as the  Company
is able to present its proposals to shareholders for approval, or
the negotiations for the proposed acquisition have terminated.


For further information, please contact:

Internetaction.com plc                             020  7290 0150
Andrew Balcombe (Director)

John  East & Partners Limited                      020  7628 2200
John East