Investment in Intelligent Software Agent Developer

Eurovestech PLC
15 May 2000

EUROVESTECH PLC  ('Eurovestech')

Investment in intelligent software agent developer

Eurovestech  plc  is  pleased to  announce  that  it  has
invested  £250,000  in  Magenta Multi-Agent  Applications
Limited    ('Magenta'),  the  developer  of   intelligent
software  agent  technology founded by  Professor  George
Rzevski.

Professor  Rzevski is Visiting Professor  in  Intelligent
Systems,  Department of Information Systems and Computing
at  Brunel  University and Emeritus Professor, Department
of Design and Innovation, The Open University.

Intelligent  Agents  have the potential  to  be  used  as
enabling  technology  for  a  wide  range  of  commercial
applications  including Knowledge Management,  E-Commerce
and   Enterprise   Resource  Planning   and   Management.
Intelligent  Agents  all negotiate  continuously  between
themselves to obtain the best results for the  item  they
represent and the system as a whole.

Commenting  on  the investment, Richard Bernstein,  Chief
Executive of Eurovestech plc said: 'It is a privilege for
us  to  work with Professor Rzevski and his team in  this
exciting   area  of  searching,  categorising  and   most
importantly decision-making with respect to large volumes
of  information.  In view of Magenta's potential  Quentin
Solt, a non-executive director of Eurovestech, and myself
have  agreed  to  join  the board  of  Magenta  in   non-
executive capacities.'


Enquiries: Eurovestech plc
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