FOR RELEASE
07.00
27 OCTOBER 2008
ACCESS INTELLIGENCE PLC
("Access Intelligence plc" or "the Group")
(Software and computer services business)
Director Appointments
Access Intelligence is pleased to announce that, further to the completion of
the recent share subscription, Michael Jackson has now been appointed
Executive Chairman and David Lowe has been appointed Non-executive Director
with immediate effect.
Michael Edward Wilson Jackson (Aged 58), Executive Chairman
Michael Jackson has specialised in raising finance and investing in the smaller
companies sector for the past 20 years. He qualified as a Chartered Accountant
with Coopers & Lybrand and spent 23 years as a director of Sage plc. During
that time Sage's capitalisation rose from approximately £1 million to its
current level of over £2 billion. Michael is founder and chairman of
Elderstreet Investments Ltd, which is best known for its investment in young,
ambitious technology businesses. Michael is a director and personal investor in
many other quoted and unquoted companies, many of which have been involved in
the technology sector.
Present directorships or partnerships Past directorships or partnerships
Aconite Technology Limited Abercorn Place School plc
Advanced Computer Software plc Apertio Limited
Burra Burra Distribution Limited Computer Software Group Limited
Concorde Solutions Limited Computer Software Limited
Elderstreet Ballater Limited EU Smart Limited
Elderstreet Capital Partners Nominees Guildford Acquisitionco Limited
Ltd
Guildford Bankco Limited
Elderstreet General Partner
(Kinetique) Ltd Guildford Equityco Limited
Elderstreet Holdings Limited Guildford Debtco Limited
Elderstreet Investments Limited Guildford Guaranteeco Limited
Elderstreet Private Equity Limited Guildford Midco 1 Limited
Elderstreet VCT plc Guildford Midco 2 Limited
Evolve Capital plc Interbizz Financial Systems Limited
Forsyth Whitehead & Associates Ltd Jobsin.co.uk limited
The Kellan Group plc Medialoom Limited
Lupus Capital plc Mediasurface Europe Limited
Netstore plc Mediasurface plc
Old Vicarage Nominees Limited Micromuse Limited
Royal Albert Hall Developments Ltd Netstore Group Ltd
Sky High plc Netstore (UK) Ltd
Snacktime plc PartyGaming Plc
Snacktime UK Limited Pinco 1421 Limited
Syncissue Limited Planit Employee Incentive Trustees Ltd
The Web Factory Birmingham Ltd Planit Holdings Limited
Young Enterprise London Ltd. Pinnacle Computer Systems Limited
Retirement Villages Limited
Searchspace Group Limited
Systems Team Bristol Limited
Sage (South Gosforth)
The Sage Group plc
Select Software Tools plc
Travelstore.com Group plc
Wimbledon 123 Limited
Michael Jackson was a director of Steve Dudman Plant Limited which was ordered
to be wound up compulsorily on 23 October 2000.
Michael Jackson was a director of Travelstore.com Group Plc ("Travelstore")
Travelstore was wound up voluntarily by its members on 16 December 2003.
According to the members' voluntary winding up declaration of solvency dated 16
December 2003, Travelstore would be able to pay its debts in full together with
interest at the official rate within a period of 12 months from the
commencement of the winding up.
Michael Jackson was a director of Medialoom Limited which was wound up
voluntarily by creditors on 9 July 2001.
Michael Jackson was a director of Weyrad Electronics Limited ("Weyrad"). In
January 2000, Weyrad was put in administration. Weyrad was struck off the
register under section 652(5) of the Act on 8 June 2004 and dissolved on 15
June 2004.
Michael Jackson was a director of Worktops (No 1) Limited "Worktops". Worktops
was wound up voluntarily by its members on 9 June 2003. According to the
members' voluntary winding up declaration of solvency dated 9 June 2003,
Worktops will be able to pay its debts in full together with interest at the
official rate within a period of 12 months from the commencement of the winding
up. Worktops was dissolved on 10 December 2003.
Michael Jackson was a director of Select Software Tools Plc ("Select"). On 27
May 1999, Select was put in administration and on 19 August 1999 the creditors
of Select approved the voluntary arrangement put together by the administrator.
Michael Jackson was a director of Interbizz Financial Systems Limited which
went into receivership on 10 April 2003.
Michael Jackson was a director of Abercorn Place School plc, which was wound up
via a Creditors Voluntary Liquidation on 8 March 1996 and was subsequently
dissolved on 3 June 1998.
Michael Jackson was a director of both EU Smart Limited and Wimbledon 123
Limited, which were dissolved via a voluntary strike off on 5 December 2006 and
20 November 2007 respectively.
David Andrew Lowe (Aged 54), Non-executive Director
David is a Chartered Accountant, qualifying with Coopers and Lybrand in 1977.
He has been at Elderstreet Investments Ltd since 1996, where he became a
director in 2007. He is responsible for the Management of the Elderstreet VCT
Plc and represents Elderstreet on the board of Snacktime plc.
David has been an investor in, and director of, many private companies in
different sectors over the past 30 years, and has gained a wealth of knowledge
in assisting venture capital companies with their portfolio companies,
including extensive pre-acquisition investigation. He is the sole shareholder
and chairman of Garran Lockers Limited, and is a major shareholder and director
of APT Controls Limited. He is the senior non-executive director of Sky High
plc, and a non-executive director of ARC Growth Company VCT plc.
Present directorships or partnerships Past directorships or partnerships
APT Controls Limited Bon Accord Limited
ARC Growth Company VCT plc British Creameries Group Limited
Atril Limited Broomco (2705) Limited
Burra Burra Distribution Limited Computer Software Group Limited
Elderstreet General Partners Downing (Meadows) Limited
(Kinetique) Limited
Downing (Barwell) Limited
Elderstreet Holdings Limited
Downing (Chertsey Road) Limited
Elderstreet Investments Limited
Downing (Pirbright Road) Limited
Elderstreet Private Equity Limited
Dovestone (The Gables) Limited
F. B. Limited
Evedale Care Home Limited
Forsyth Whitehead & Associates
Halifax Industrial Limited
Garran Lockers Limited
Henry J. Bean's Group Limited
Sky High plc
Ingleby (462) Limited
Sky High Traffic Data Limited
Kershaw Services Limited
Snacktime plc
Leslie Hawkins Lowe Limited
Snacktime UK Limited
Lifestyle Properties (6128) Limited
The Web Factory Birmingham Ltd
Rayner Food Group Limited
Windmill Printing (1981) Limited
David Lowe was appointed a non-executive director representing a venture
capital investment company, of Weyrad Electronics Limited ("Weyrad"). In
January 2000, Weyrad was put in administration. Weyrad was struck off the
register under section 652(5) of the Act on 8 June 2004 and dissolved on 15
June 2004.
David Lowe was appointed a non-executive director representing a venture
capital investment company, of British Creameries Group Limited ("British
Creameries") which went into receivership on 22 November 2000. British
Creameries was struck off the register under section 652(5) of the Act and
dissolved on 8 June 2004.
The contents of this announcement include the full disclosures required under
Schedule 2 (g) of the AIM Rules for Companies.
For further information:
Access Intelligence plc 01904 520 840
Michael Jackson 020 7831 5088
Jeremy Hamer (Non Executive Director) 07977 234614
Blue Oar Securities 020 7448 4400
Shane Gallwey / Matt Marchant
Cubitt Consulting 020 7367 5100
Brian Coleman-Smith / James Verstringhe / Nicola
Krafft
Background Note
Access Intelligence is based in York with subsidiaries in York, Stockport,
Greater Manchester, Chorley, Lancashire and Newcastle upon Tyne and employs 47
staff. The Group operating companies are listed below:
Due North
Due North, based in Newcastle-upon-Tyne, develops supply chain software
solutions. Its principle focus is on e-procurement software, which is widely
used in the public sector. The product suite enables organisations to manage
the complete customer/supplier relationship from initial expression of
interest, through tender evaluation and post-tender negotiation to contract
award and life cycle management. It also offers a reverse auction facility.
Over the last 6 years it has become the leading supplier of e-procurement
solutions to the emergency services (police and fire and rescue) and local
authorities and is a growing supplier to the NHS, Housing Associations and the
Transport Authorities. These solutions are offered as a hosted service.
MS2M
MS2M, based in York, is a developer of compliance software for the financial
services industry. Its core software products are "Track Record" and "Virtual
Compliance Officer". These applications monitor individuals' activities within
an organisation in real time, and identify their risk profile from a compliance
perspective. Individuals are graded via a traffic light system in accordance
with key performance indicators. In the case of risk identification, remedial
advice is offered. Clients include RBS Group, National Australia Group,
Liverpool Victoria, AXA and St James's Place. These solutions are offered both
as a desktop and a hosted service.
Willow Starcom Ltd
Willow Starcom supplies data storage, retrieval and network solutions to
mid-sized corporate businesses. It sells its services through a reseller
channel which enables it to grow revenues with a minimum increase in headcount.
The company operates a 24-hour support centre from its base in Chorley,
Lancashire. Included within Willow Starcom is Backup and Running which provides
offsite online data storage and retrieval to small and medium sized
enterprises.
Wired Gov
Wired Gov provides, under license from the cabinet office, government news
alerts from more than 100 departments and agencies. Subscribers can register
their preferences by agency, department, key words and phrases. They can
determine the frequency of the alerts from immediate to daily or weekly.
Typical subscribers in the private sector are financial services organisations
and professions.