RNS Number:8484R
Offshore Telecom PLC
10 November 2003




FOR IMMEDIATE RELEASE                                      10 November 2003



                              OFFSHORE TELECOM PLC

                         ACQUISITION OF 50% INTEREST IN
                        NORWOOD ADAM TECHNICAL SERVICES
                                      and
                               BOARD APPOINTMENT


Offshore Telecom Plc ("Offshore Telecom"), the supplier of high performance IT
network solutions to the public and private sectors in the UK through its
principal operating subsidiary, Matrix Network Solutions ("Matrix"), has
acquired a 50% interest in Norwood Adam Technical Services Limited ("NATS").



NATS was established in 2002 and offers a full range of technical support and
managed services. These include consultancy (pre-sales), 24x7 technical
assistance both on and off site with timed parts response and fully managed
voice, data and security services. NATS is accredited with key global equipment
manufacturers in the IT and telecoms sector.  NATS has a close working
relationship with Matrix and the acquisition of a 50% interest in NATS will
further integrate Matrix's products and services.



Offshore Telecom has subscribed #100,000 in cash for new shares in NATS, giving
it 50% of the enlarged equity.  This cash subscription will provide additional
working capital for NATS to increase its stocks of service spares needed to
support a growing volume of support contracts. NATS commenced trading on 1 May
2002. In its first year to 30 April 2003, NATS' turnover was #108,000 and the
loss after tax was #101,000.  Net liabilities at 30 April 2003 were #101,000 but
included over #314,000 in deferred income (being invoiced sales in that year
relating to the current year and next year) on continuing support contracts.


The balance of the shares in NATS is held by Tony Weaver, Keith Berry, Manny
Pinon Martinez and Eddie Coombes. Tony Weaver and Keith Berry are shareholders
in Offshore Telecom, each holding 7.8%. Tony Weaver is also a director of
Matrix.


The directors consider, having consulted with Nabarro Wells & Co. Limited, the
nominated adviser to Offshore Telecom, that the terms of the transaction are
fair and reasonable insofar as its shareholders are concerned.


"Tony Weaver (aged 35) will become a director of Offshore Telecom upon completion
of the transaction.  Tony  trained as an electronics engineer and has 18 years
experience within the IT industry.  In 1988 together with Keith Berry he formed
what was to become the Norwood Adam group of companies. Norwood Adam provides
data and telecommunications products though a reseller base to UK and European
clients. Tony is the Managing Director of the Norwood Adam group.


Michael Frank, Chairman, said:


"This deal will improve the quality and depth of our offering to the market and,
critically, will give us control of our support operation.  We expect this to
become a major contributory factor to our future growth.  Meanwhile, NATS is
making excellent progress in its own right and we expect it to achieve a
substantial growth in turnover and to become profitable in the year to April
2004."


For further information please contact:

Michael Frank, Chairman                                 Tel: 07802-787624
Ian Smith, Chief Operating Officer                      Tel: 07811-327054
                                                   
Steve Liebmann, Bankside Consultants         Tel : 07802-888159 / 020-7444-4163


Additional information relating to Tony Weaver:


Current directorships

IPN Consultants Limited
Letlock Limited
Matrix Network Solutions Limited
Norwood Adam Distribution Limited
Norwood Adam Maintenance Limited
Norwood Adam Maintenance Limited
Norwood Adam Systems Limited
Norwood Adam Technical Services Limited


Former directorships within the last five years

None


Mr. Weaver is the sole proprietor of Computer Marketing Services, an
unincorporated business. No further disclosures are required in accordance with
Schedule 2 (f) of the AIM Rules.




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