CLY Caplay

    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
 
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