Forum Archive Index - July 2002

["Ben Dutton" <bendutton@sharechat.co.nz>]

Hi all,

Thought some of you may be interested in the below Iguana2 (the owners of
ShareChat) press release.

Best Regards

Ben Dutton
ShareChat Publisher


Press Release:  For immediate distribution

Management acquires Iguana2 from Solution 6 Holdings.

Friday, 19 July 2002 - Sydney, Australia.  The management of Iguana2 today
announced that they have purchased Solution 6 Iguana Pty Ltd (trading as
Iguana2) from Solution 6 Holdings (ASX:SOH). Financial details of the
agreement are not disclosed.

Founded in Wellington, New Zealand in 1994 Iguana2 was purchased by
Solution 6 in 1999 and the company moved to Sydney Australia.  Now the two
original Kiwi founders and current management of the company, Adam Rands
and Scott Cooper have the business back in their hands.

"Iguana2 is no longer a part of Solution 6's core business so it made sense
for them to divest the asset," Adam Rands, COO of Iguana2 says.  "As myself
and Scott have worked at the company since its inception, a management
buyout ensures continuity of service for our clients and future growth of
the business."

Iguana2 supplies sharemarket data solutions to a wide variety of clients
including sharebrokers, websites and listed companies.  Iguana2 also runs
two popular sharemarket information websites, ShareChat.co.nz and
Stocknessmonster.com.

Iguana2 will continue to remain domiciled in Sydney and is looking to
Australia and the Asia Pacific markets for growth opportunities.

With a number of blue-chip clients that include Australian telco's Telstra,
Optus and New Zealand's largest discount sharebroker Access Brokerage, the
future is looking bright for Iguana2.

"This is a very exciting time for Iguana2," Rands says.  "We are developing
a number of new products and services that will be applicable to both
corporate and consumer markets."

"It is a pleasure to again own the company that myself and Scott founded
back in '94 ," Rands adds.  "Iguana2's longevity proves that we are
operating in a viable and sustainable market. It is now up to management to
capitalise on our experience."

Ends

Contacts
Iguana2  Adam Rands, Chief Operating Officer, Phone: +61 (0)2 9211 0255;
+61 (0)410 448262; adam@iguana2.com; http://iguana2.com/



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