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23 July 2008

Zyzygy plc ('Zyzygy' or 'the Company')

Trading Update

The Directors of Zyzygy wish to give an update in respect of its two current major ongoing investments

NiceTech Limited

NiceTech Limited ('NT') is a Cambridge based software company that has developed a unique 'bottom up' approach to creating virtual worlds using agent based computing techniques inspired by the natural laws of physics and biology.

NT successfully completed its 'Tronji' contract with BBC Worldwide and Ragdoll, and are currently awaiting a decision from BBC on a suitable launch date for. The game was  originally intended for release in Spring 2008 for which  NT completed its work on schedule. The delay in the release of Tronji has been caused by unavoidable delays in the production of the television programmes which the game was commissioned to accompany. 

Last year NT were commissioned to develop a prototype of a music based virtual world game for an American company. This prototype was completed satisfactorily and on schedule The US company in question is currently  demonstrating the product to private investors in North America, and is receiving considerable interest in raising funds to develop, on the basis of the prototype, a major online game, which it is expected that NT will develop. NT are also in ongoing discussions with a major British based games publisher over a potential project that NT would expect to start in the Autumn, whilst potential defence and educational projects are also under negotiation.

MarineTrack Limited

The Directors of Zyzygy also recently announced that another of its investee companies  MarineTrack Ltd is expected to come to the market AIM by way of a reverse take-over  of XSN plc ,subject to an EGM of existing XSN shareholders to be held on 28 July .

Further information:

Zyzygy plc

Duncan Lipscombe, Chairman

01799 530490 

Grant Thornton UK LLP

Philip Secrett/Colin Aaronson

020 7383 5100

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