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CLY Caplay

0.075
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Caplay LSE:CLY London Ordinary Share GB0002924651
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.075 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Caplay Share Discussion Threads

Showing 13276 to 13297 of 13475 messages
Chat Pages: 539  538  537  536  535  534  533  532  531  530  529  528  Older
DateSubjectAuthorDiscuss
11/7/2008
07:33
"Derwent Limited and Cairns Investment Holdings Limited, in which the Rowlands family are
beneficially interested, in aggregate are
interested in 35,000,000 Ordinary Shares representing 12.5 per cent. of the issued share
capital of the Company".



Anyone know who the Rowlands family are from todays announcement ?

bbd2
18/6/2008
16:19
kfp water is free so why do people purchace it?
william-just
18/6/2008
16:01
1. Introduction

The Board of Caplay is pleased to announce that it has today agreed the terms of a new investment for the Company. The Company has agreed to make a loan of £200,000 (the 'Loan') to Textic Limited ('Textic'), a computer software company that specialises in the development, marketing and selling of 'text-to-speech' technology for web and mobile phone use. In addition to the Loan, the shareholders of Textic have granted Caplay an option to acquire the entire issued capital of Textic (the 'Option').




2. Background information on Textic

Textic was established in October 2004 and is a computer software company that specialises in the development, marketing and selling of advanced software that, through 'text-to-speech' conversion, enables audio-based accessibility to the internet and mobile content. Textic's principal product, TalkletsTM, converts web and mobile phone text to clear, human-like speech in a range of voices and languages, providing 'text-to-speech' technology that can be delivered over the internet as a service. Textic is based in Maidenhead in the UK and employs six permanent staff, the majority of whom are employed in product development, delivery and support, with an off-site technical team of five regular contractors. The founding shareholders of Textic have invested over £1 million into Textic to date. Textic's directors believe that Textic's software tools, services and consultancy can deliver a benefit to all internet users and not just the proportion of people with some form of communication difficulty (such as vision, reading or language impairments).




In addition to providing accessibility, Textic is able to offer to companies, organisations and individuals, who have a website, the potential to make their website 'talk' when clicked on. In its basic form, Textic's software allows such websites to have an icon which, when pressed, 'reads out' elements of the page on the screen. More advanced forms of Textic's offering enables websites to have branded voices reading out the text, talking thesaurus and dictionary capabilities. Accordingly, the Directors believe that the potential market opportunity for Textic should extend to all corporates, organisations or individuals with a website. Textic has also developed a prototype service that enables the conversion of mobile text messaging into speech for use on mobile telephones. Text messages are delivered to the user as a voicemail and enable mobile text messaging in a hands-free mobile environment.




Textic's initial customers include public and private sector employers, educators and publishers who have an obligation to operate accessible and inclusion-based websites. Textic's strategy is to focus on the positive benefits of inclusion and the applicability of the company's proposition to all technology users based on the following markets:





Talking Websites - Textic's priority is to enable organisations to develop enhanced websites to meet the needs of the disabled and other users who prefer to see and hear.


Talking Text Messaging - TalkletsTM enables text messages received on mobile handsets to be read out to the recipient. Textic expects that TalkletsTM will be able to provide similar TTS functionality for email.


Talking Web Mobile - Textic believes that, in time as mobile web services become a fundamental part of online consumer offerings, so the benefits of TTS can be spread over a wider base of applications and marketplaces to consumers.








Textic's early adopter customers were principally in the education and disability sectors. Currently Textic is developing its sales in the commercial sector.




While basic text-to-speech technology is included within standard computer operating systems, computer users requiring more advanced text-to-speech functionality typically use an established screen-reader software.




Textic believes that Textic's product offering has a number of key advantages over the competing products including:


Superior speed and response of service and quality of voice(s) and intonation;


Accessibility and ease of use;


Delivery as a service, rather than as an installed application;


Availability to all website visitors without installation or special equipment;


Ease of integration with websites;


Low cost;


An ability to offer brandable advertising solutions, VIP programmes, consultancy and training; and


Transportability to other languages, voices and lexicons.








Until 31 December 2007 Textic's principal focus was the technical development of its text-to-speech products. Accordingly, Textic only fully commenced commercial operations and sales of its TalkletsTM products in 2008 following completion of this development phase. In the year ended 31 December 2007, Textic's turnover and loss before taxation amounted to £76,000 and £(420,000) respectively. Textic's net liabilities (before conversion of a shareholder loan of £1,068,413 which has subsequently been converted into new Textic equity following the year end) as at 31 December 2007 amounted to £1,005,000.

Background to the investment

In 2006 the Directors completed their strategy of disposing of underperforming assets and repositioning the Company. As a result, the Directors simplified the Company's business and concentrated on identifying opportunities to increase shareholder value.




The Board has reviewed a number of development opportunities and believes that the potential acquisition of Textic, should the Option be exercised by the Company, would be an attractive acquisition. The Directors believe that there is likely to be increasing demand by corporate and individuals for a text-to-speech web service and that Textic and its management are well placed to exploit these opportunities.




In addition to the investment in Textic, the Company's other assets comprise approximately £520,000 in cash and a holding of 7,229,000 PTS shares (which are currently valued at £126,523 based on the current PTS share price of 1.75 per PTS share).




4. Further details on the Loan and Option

The Loan will be used by Textic for general working capital purposes and is repayable on 17 June 2010. The Loan is secured by a debenture over the business and assets of Textic and bears an interest rate of 10.0 per cent. per annum.




In addition to the Loan, the shareholders of Textic have also granted Caplay an option to acquire the entire issued capital of Textic (the 'Option'). The Option can be exercised by Caplay at any time on or before 17 June 2010. Pursuant to the terms of Option, the consideration for the acquisition would comprise 1,120,000,000 new Caplay Ordinary Shares, together with warrants which would carry the right to subscribe, in certain circumstances, for up to a total of a further 1,305,340,000 new Caplay Ordinary Shares at an exercise price of 1p per Caplay ordinary share.




The exercise of the Option by Caplay would constitute a 'reverse take-over' under the AIM Rules and would therefore be subject to the approval of Caplay's shareholders at an Extraordinary General Meeting. The issue and allotment of the new Caplay ordinary shares and warrants to the Vendors as consideration for the Acquisition would also normally give rise to an obligation on the vendors (who would constitute a concert party for the purposes of the Takeover Code) to make a Rule 9 offer pursuant to the City Code to the remaining Shareholders of the Company. The exercise of the Option would therefore be subject to the Panel agreeing in advance of the exercise to waive this obligation to make a general offer to all Caplay shareholders subject to the passing on a poll by Caplay shareholders of a resolution to waive the requirement for such an offer.

bbd2
18/6/2008
15:51
New CEO for Textic

Textic announces the appointment of Paul Ayres as Chief Executive with the brief of accelerating the company's growth and development.

Paul has worked in the technology sector for the past twenty years, specialising in start-up operations. His background is in sales and marketing and in 1995, Paul was appointed General Manager and Managing Director of Netscape Communications in Northern Europe where he built the fastest growing and most profitable business unit in the Company.

In 1997, Paul was recruited to establish RealNetworks in Europe, he established a highly successful organisation across Europe. More recently, Paul was the President and CEO of Authoriszor Inc, a NASDAQ listed Internet security vendor where he was responsible for the commercial turnaround of the business from a $20 million loss to a profitable performance within 18 months. He ran dyslexia focused start up BrightStar in the UK and established the Company's profitable trading platform, while most recently, Paul was appointed as interim CEO of AIM listed Creative Education Corporation plc.

Paul will work alongside Jeremy Coulter, co-founder of Textic and currently Chief Operating Officer and Phil Teare, Chief Technical Officer.

Jeremy and Paul's paths first crossed some ten years ago when the latter was running Netscape in the UK. Jeremy recalls: "I remember seeing Paul at London's Planet Hollwood at the launch of Netscape in the UK. He was hosting the event alongside the legendary Jim H Clark, founder of Netscape, at a huge press gathering. That was an integral part of the whole initial explosion of the Internet and he did great things first at Netscape and then at Real Networks... It's great to have him here at Textic."

bbd2
18/6/2008
07:59
Just Googled "text to speech software" loads are them are free downloads !
Bye Bye 200 k.

kfp
18/6/2008
06:18
Press Release 18 June 2008

Caplay Plc

("Caplay" or the "Company")

New investment in Textic, the text-to-speech technology company

Highlights
* £200,000 investment in Textic Limited ("Textic"), a computer software
company specialising in the development, marketing and selling of
text-to-speech technology for web and mobile use
* The Caplay Directors believe that Textic has a market leading
text-to-speech software, with a number of key advantages over competing
products
* There is a significant potential market opportunity for Textic with an
increasing demand for Textic's services from companies (both public and
private), public sector organisations and individuals with a website.
* Textic's software also enables the conversion of text messages and emails
into speech on mobile phones and other handheld devices
* Details on Textic and its products may be found at www.textic.com
* The investment comprises a loan to Textic together with an option for
Caplay to acquire Textic.

william-just
23/4/2008
14:57
Heck, somebody in for fifty quids worth..and I thought I'd took a chance...

iv.

investalvirgin
23/4/2008
12:36
nah...just felt like commenting on the rise!
monty77
23/4/2008
11:00
Why do you think reverse takeover any info monty ,77 regards slickertom.
slickertom
23/4/2008
10:52
reverse takeover on the cards
monty77
01/4/2008
20:27
You should be so lucky in at 6.5p back in October 2004 so need a fair number of days like this!
fortune cookie
01/4/2008
16:05
Those were the days !
bbd2
31/3/2008
22:48
I'm still here at about 3.2p....now where's opti23 ????

iv.

investalvirgin
31/3/2008
16:14
im here at 1.5p
tolly1970
31/3/2008
15:34
Seriously though, nice to see some action.
bbd2
31/3/2008
15:14
Blimmey, nearly enough of us for a party !
bbd2
31/3/2008
15:06
a return to 20p is all I ask. All we need is 30 AGM announcements from now until the end of Apr
monty77
31/3/2008
14:45
Make it 4 of us who didn't have the sense to sell!!
ianbrewster
31/3/2008
14:30
Perhaps an acquisition target was mentioned at the after meeting drinks session or perhaps the shock of seeing a light on in the building excited someone. lol
bbd2
31/3/2008
14:01
make that 3 - I am still holding
monty77
31/3/2008
13:51
Actually bbd2, I think we're the only two left. lol!
malc5
31/3/2008
13:47
Nope, but it must have been interesting!
malc5
Chat Pages: 539  538  537  536  535  534  533  532  531  530  529  528  Older

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