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ZYZ Zyzygy

0.08
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zyzygy LSE:ZYZ London Ordinary Share GB0009585182 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.08 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Increased Investment

21/11/2007 7:01am

UK Regulatory


RNS Number:1263I
Zyzygy PLC
21 November 2007



21 November 2007

                                   Zyzygy plc

                        Increased investment in NiceTech

The directors of Zyzygy plc ("Zyzygy" or "the Company") today announce that they
have increased their holding in NiceTech Limited ("NiceTech") to 51.57%. The
increased holding has come about through the conversion of a loan amounting to
#899,714.90 into shares at a pre-conversion valuation of #10,000,000. It is the
Company's strategy to hold minority stakes in businesses and to exit
successfully from those investments. The Company anticipates that its holding
will be reduced below 50% before the end of its current financial year ending 30
June 2008.

NiceTech is a Cambridge based software company that is developing unique
software (called AliceServerAR) that allows for complex, large scale simulated
environments to be built and accessed by thousands of participants via the
Internet. In July 2007, Zyzygy announced progress on a unique Children's
massively multiplier online game ("MMO") based upon Ragdoll's latest children's
programme, Tronji. Within a 12-month development programme, Nice Tech is on
schedule to complete the game for Spring 2008, to coincide with the broadcast
launch of Tronji on CBBC.

Contact:

Zyzygy plc

Duncan Lipscombe, Chairman
07775 681648



Grant Thornton Corporate Finance

Philip Secrett/Colin Aaronson
020 7383 5100


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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