Reverse takeover of investee company MarineTrack

    RNS Number : 2070Y
  Zyzygy PLC
  03 July 2008
   

    3 July 2008
    Zyzygy plc ("Zyzygy" or "the Company")

    Proposed reverse acquisition of investee company MarineTrack Limited ("MarineTrack") by XSN plc ("XSN")

    Zyzygy is pleased to announce that it has agreed terms for the reverse acquisition of its investee company, MarineTrack Limited, by XSN
plc (AIM: XSN), an AIM quoted cash shell. The Acquisition, which values MarineTrack at £1.475 million, is subject to approval of XSN
shareholders at a general meeting to be held on 28 July. Should the acquisition receive the approval of XSN shareholders, the enlarged group
will be re-admitted to AIM under the name MarineTrack Holdings plc.

    MarineTrack is a telematics business supplying tracking, alert, alarm, monitoring and messaging solutions mainly to the commercial and
recreational maritime markets

    XSN has itself today announced the proposed acquisition and published a circular to shareholders.

    Details will also be available on XSN plc's website: www.xsn-plc.co.uk


    For further information:

    Zyzygy plc
    Duncan Lipscombe, Chairman
    07775 681648

    Grant Thornton Corporate Finance
    Philip Secrett/Colin Aaronson
    020 7383 5100


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