Information  X 
Enter a valid email address

PremiSys Tech. PLC (ASE)

  Print      Mail a friend       Annual reports

Tuesday 24 April, 2001

PremiSys Tech. PLC

Re Directorate

PremiSys Technologies PLC
24 April 2001


                   SIR JOHN EGAN BECOMES CHAIRMAN OF ASITE
                                      
              'Rethinking Construction' head calls on industry
                      to push forward agenda for change


PremiSys Technologies plc (AIM:PSS) 'PremiSys' today announces that Sir John
Egan, chairman of the influential 'Rethinking Construction' report, has
agreed to become chairman of Asite, the construction industry Internet
portal and subsidiary of PremiSys.

This is the first such position that he has accepted within the construction
sector since he chaired the government's Construction Taskforce and
published his challenging recommendations for industry change in 1998.

Sir John Egan said:  'I am delighted to be joining Asite; it's a business
that will really drive industry change.  Asite represents a mechanism by
which the recommendations of the Construction Taskforce can actually be
delivered: eliminating waste, integrating the supply chain and standardising
best practice.  We are inviting 300 leading industry figures to a summit on
6 June to share with us our agenda for change.  We want to demonstrate how
all parts of the construction supply chain can be involved in improving the
industry's processes - and that includes all the materials manufacturers and
distributors, many of whom have been left out of these dialogues in the
past.'

Peter Rogers, director of Asite said: 'Sir John Egan's decision to join
Asite demonstrates the potential power of online collaboration within the
construction industry.  Asite is now supported by some of the biggest names
in our business, all with a shared commitment to greater competitiveness and
efficiency, and by some of the world's leading technology partners.  Like
Sir John Egan, they all clearly endorse our driving objective: to get
buildings right, and right first time.'


For further information contact:

PremiSys Technologies
Walter Goldsmith, Chairman                             Tel:  020 7968 0570
Charles Woods, Finance Director

Gavin Anderson & Company
Neil Garnett/Rebecca Penney/Yolande Stratford          Tel:  020 7457 2345


NOTES TO EDITORS

PremiSys Technologies plc
PremiSys Technologies plc, formerly PremiSys Group plc, is an AIM listed
property services and investment group. Over the last 12 months the company
has been undergoing significant change in strategic direction, with the
objective of building a core of technology-focused businesses. As a part of
that strategy, PremiSys has been developing its Asite subsidiary. The
objective is for this site to become the leading pan-European business-to-
business construction portal.

Asite
The Asite construction portal has been developed by PremiSys Technologies,
with the active participation of Stanhope plc, Rotch Property Group and
Aurora Investments (the private investment vehicle for partners in KKR) and
with technology partners, Microsoft, Commerce One, Dynamis Solutions, Intel,
Compaq, Attenda, Glue and Aspect Internet. The portal was launched in
October 2000.

Over the past few weeks, a number of major construction industry players
have become shareholders in Asite. These new shareholders include; AXA, BAA,
British Land, Legal and General, Mace, Morley Fund Management, Prudential,
St Modwen and Tishman Speyer.

Sir John Egan - Brief biography
Following a distinguished career in the automotive industry, Sir John Egan
was knighted in the Queen's Birthday Honours List in June 1986.  He went on
to become chief executive of BAA plc for nine years (1990-1999), during
which time he chaired the government-sponsored Construction Taskforce and
published its report on improving standards in the construction industry.
Sir John holds various chairmanships at present, including the role of non-
executive chairman of Inchcape, chairman of Harrison Lovegrove Co Ltd,
NewDera, the Central London Partnership and The Centre for Tomorrow's
Company, and deputy chairman of London First.  He is president of the
Institute of Management. Sir John was born in 1939, is married to Julia and
has two daughters, Katy and Lydia.

A full copy of the 'Rethinking Construction' report, published in 1998, can
be found at: www.construction.detr.gov.uk/cis/rethink