Freepages Group PLC - Equifax Investment in Request
13 Juli 1998 - 6:43PM
UK Regulatory
RNS No 2497d
FREEPAGES GROUP PLC
13th July 1998
Freepages Group plc
Strategic equity investment by Equifax in Request UK
Freepages Group plc ("Freepages") is pleased to announce a
strategic equity investment by the European arm of Equifax,
the $1.4bn information solutions provider and Request Ltd
("Request"), the new generation telephone and internet
transaction service in which Freepages holds a 30% equity
stake.
Equifax has acquired 40% of the share capital of Request UK
Ltd ("Request UK"), the trading franchise of Request in the
UK. Request owns the remaining 60% of Request UK.
Request is currently beta testing its trading platform
with Scoot. Callers to Scoots 0800 directory service
looking for the nearest building society for example might
be passed straight through to a Request tele-agent who will
provide a free tour of the mortgage market, with
personalised quotations from a variety of lenders in a
matter of minutes. If a particular offer sounds
interesting, the caller can authorise the provider to follow-
up directly knowing that there is a good chance of a sale,
with both buyer and seller having qualified themselves in
advance.
Request UK is due to launch in September 98, and will offer
consumers access to products which best match their profile,
whilst allowing companies to use highly accurate consumer
targeting. The consumer information, customer base and
operational skills provided by Equifax will benefit Request
UK.
Note to Editors:
Request
Request was incorporated in April 1997 to develop and market
the Request Trading Platform (RTP), a system which allows an
inventory of products and services from different providers
to be offered to consumers via call centres, the internet
and other direct marketing channels. Request provides
consumers with direct access to financial services, travel
products, utilities and various other products and services.
In September 1997, Freepages purchased a 30% equity interest
in Request for #1.25 million with a three year call option
to acquire up to 50% of the fully diluted share capital at a
pre-agreed price per share.
Equifax
Equifax's worldwide knowledge-based information, transaction
processing, consulting and software businesses are designed
to bring buyers and sellers together, thus changing the
shape of global commerce. Equifax serves the banking,
financial, retail, credit card, telecommunications/utilities,
automotive, government and health care industries. It
is a leading supplier of business information solutions
in Canada, the UK, Spain and Latin America. Equifax operates
in 17 countries with sales in more than 40 countries.
Founded in 1899 in Atlanta, Equifax (NYSE: EFX) today has
10,000 employees around the world. Revenues for the 12
months ended March 31, 1998, were more than $1.4 billion.
Freepages
Freepages operates the interactive consumer information
service Scoot in the UK, Netherlands and Belgium. Scoot is
the leading provider of branded communication services
providing buyers with powerful decision making information
and connecting them directly with sellers through mass
distribution channels.
Freepages Group plc is quoted in London (FRE.L) and on
NASDAQ as (FREEY).
For further press information please contact:
Alison Fordham Sharon Squire
Harrison Sadler Limited Freepages Group plc
0181 977 9132 0171 368 3900
Mark Edwards
Buchanan Communications
0171-466 5000
END
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