FRE Freeplay

RNS Number:3425J
Eurovestech PLC
19 April 2000

           EUROVESTECH PLC ("Eurovestech" or "the Company")
                                   
                 Investment in consumer portal company



In  the  prospectus  issued by the Company dated 6 March,  Eurovestech
stated  that it had agreed subject to due diligence and the completion
of  certain legal documentation to invest #250,000 in a company  which
intends  to  develop  an  interactive, e-commerce  enabled  specialist
consumer  portal. Eurovestech is pleased to announce that it  has  now
completed  on  this transaction and that co-investors in this  project
include  BSkyB  Plc,  Freeserve  Plc and ThinkVentures.com  (Holdings)
Limited.

The  portal,  mykindaplace.com, is aimed at the UK teen  girl  market.
With strategic alliances with BSkyB and Freeserve, mykindaplace.com is
well   positioned  to  benefit  from  access  to  BSkyB's   television
scheduling and the Freeserve site.

Richard Bernstein, Chief Executive of Eurovestech commented "  We  are
delighted  to  have  participated in this  initial  round  of  funding
alongside partners which we believe will add enormous value  in  terms
of   brand  building  and  distribution  channels  for  this  exciting
venture."

Enquiries:

Eurovestech plc                                      Tel 020 7491 0770
Richard Bernstein - Chief Executive  richard.bernstein@eurovestech.com


END

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