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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 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 3874G Caplay PLC 22 October 2008 For immediate release 22 October 2008 Caplay Plc ("Caplay" or the "Company") Investee company update As announced on 9 September 2008, Textic has traded in line with the Board's expectations following the investment by Caplay in Textic in June this year. Caplay holds an option to acquire the entire issued share capital of Textic. Caplay is pleased to inform shareholders that Textic has announced the first closing of a private third party equity funding round to raise £250,000. The fundraising was oversubscribed and Textic received commitments totaling £286,000. As at the close of business on 21 October 2008, Textic had received £241,000 of the committed amount with the balance expected to be received within two weeks. The proceeds will be used by Textic to: * Further enhance and develop Textic Mobile, Textic's mobile carrier proposition; * Accelerate the commercialisation of new services to broaden Textic's product portfolio; and * Establish a US sales presence. Tony Fabrizi, Chairman of Caplay said: "Textic's ability to secure third party equity funding against such a difficult market background is a considerable achievement and is an indication of the significant potential for Textic and its products". Textic also announced earlier this month that it has been appointed to Microsoft's Assistive Technology Vendor Programme ("MATvp") whose principal purpose is to improve the compatibility of assistive technology products with Microsoft products. As a member of the MATvp Textic will receive Microsoft's direct assistance in the development of its web accessibility technology and should benefit from increased visibility through Microsoft's Accessibility Business Unit. Enquiries: Caplay PLC Tony Fabrizi, Chairman Tel: +44 (0)20 7382 0925 Beaumont Cornish Limited (Nominated Adviser) Michael Cornish Tel: +44 (0)20 7628 3396 Notes to Editors: On 18 June 2008 Caplay announced that it had made a 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 granted Caplay an option to acquire the entire issued capital of Textic. Textic, which was established in October 2004, 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 and is designed to extract text and deliver it in a form that meets the increasing demand for anytime, anywhere, any device access to information. Further information on Textic can be found at its website, www.textic.com This information is provided by RNS The company news service from the London Stock Exchange END MSCQFLFLVBBXFBD
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