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FORMJET PLC

('FORMJET' OR 'THE COMPANY')

(AIM:FMJ)

CHANGE OF ADVISER

The Board announces that Old Park Lane Capital plc has resigned as Joint Broker to the Company with immediate effect.

ENQUIRIES:

Formjet plc                                                                                              Tel: 01293 848 860

Lyndon Chapman, Executive Chairman

Tony Lee, Chief Executive
www.formjetplc.com

Dowgate Capital Advisers Ltd                                                                Tel: 020 7492 4777

Liam Murray, Nominated Adviser

www.dowgate.co.uk  

Dowgate Capital Stockbrokers Ltd                                                        Tel: 01293 517 744

Neil Badger, Broker

www.dowgate.co.uk  

Notes to Editors:

Formjet plc

Formjet plc is a UK-based company with a highly distinctive business model. It acquires territorial rights to 'alternative' software products, and markets, sells, distributes and supports these products in place of the vendor in worldwide markets. The strategy has at its heart the proposition that the Company can acquire product lines in territories of at least one country without the expense of either product development or the creation of IPR. 

Alternative Products 

• Panda Software (UK) distributes Panda Software antivirus and Internet security products in the UK. With its high margins and recurring annual renewal revenues, Panda is an important contributor to the Group's sales and profitability.  

• Ability Software International (ASI) distributes a powerful suite of office products which, as well as being sold under their own branding, form an integral part of the white label opportunities that Formjet is creating. Ability Software International has also developed the ASI Business Software range. This comprises eight titles, which include fully comprehensive office and graphics suites, Internet security, a business plan development application, small business accounting, appointment book management and staff records management software. In September the Company also added a remote access tool called BeAnywhere to this range. Significant growth in 2008 and further growth targeted in 2009.

• EdAlive edutainment software has opened up a new and growing market for Formjet and now covers a wide range of core subjects including maths, word skills and spelling.

Alternative Routes to Market

• Formjet Innovations is the specialist distribution arm of the Formjet Group focusing on its alternative product range and associated alternative routes to market. The focus here is on creating 'white label' software, targeting retail and brand leaders of importance. 

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