IMPORTANT ANNOUNCEMENT – ACQUISITION OF PANACEA BY K3 BUSINESS TECHNOLOGY GROUP

We are pleased to announce that K3 Business Technology Group has acquired K3 Panacea Ltd.

K3 is one of the UK’s leading providers of Supply Chain Solutions and Managed Services focussing on the Retail, Manufacturing and Distribution markets.  Supporting some 3,000 customers throughout the UK and Europe, K3 employs in the region of 400 staff and has forecasted revenues of c£50 million.

With a broad range of offerings from ERP software through to hosted managed services, we hope that there will be a significant change in the breadth and quality of the services available to all K3 Panacea customers.  As an AIM listed company, K3 has a proven track record of financial success and investment that guarantees K3 Panacea’s future stability, which we believe is particularly important in the current economic climate.

You can learn more about K3 Business Technology Group on the company website at: http://www.k3btg.com.

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