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Legendary Invest PLC (LEG)

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Friday 07 April, 2000

Legendary Invest PLC

Investment in BioProgress

Legendary Investments PLC
7 April 2000


                      Legendary Investments plc

          Legendary Investments takes stake in BioProgress

Legendary Investments ('Legendary'), which was formed to invest in  a
spread  of  e-commerce, internet and technology  focused  businesses,
announces  an investment in BioProgress Technology International  Inc
('BioProgress  Technology'),  a Cambridge  based  NASDAQ  OTC  quoted
company.

BioProgress  Technology  has developed the first  gelatin  free  soft
capsules.    Following  three  years  of  research  and   development
BioProgress Technology launched the XGelTM Film System in 1998.   The
system  utilises a patented process to form, fill, seal and cut  soft
capsules for the containment of non-aqueous liquids and powders.  The
film  material  used in the process is animal free,  non-toxic,  non-
allergenic and biodegradable to water and natural gases.

The  company is currently working on versions of the XgelTM Film  for
use in the pharmaceutical and fast-moving consumer goods sectors.

Legendary has agreed to make an $800,000 investment in 'B' shares  at
$2.5  per share, with an option to convert, up to the year end,  into
2.5 ordinary shares per one 'B'share in BioProgress.

Shami Ahmed, Chief Executive, Legendary Investments commented:

'BioProgress  is  a quality company with a tried and tested  product,
poised for significant growth.  The funds we have invested will allow
BioProgress  to  accelerate their marketing programme  to  exploit  a
potentially huge market.

'In  the  period  since flotation we have reviewed several  potential
investments  and expect to conclude further agreements  in  the  near
future  although  they will vary in size, some  may  be  considerably
larger.'

                                                         7 April 2000
Enquiries:

Legendary Investments plc                          Tel: 020 8903 9037 
Shami Ahmed, Chief Executive

College Hill Associates                            Tel: 020 7457 2020
Michael Padley / Nicholas Nelson

Seymour Pierce                                     Tel: 020 7648 8721
Kirsty Campbell


                                                                                                 

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