CLY Caplay

    RNS Number : 9879C
  Caplay PLC
  09 September 2008
   


 For immediate release    9 September 2008

    Caplay Plc

    ("Caplay" or the "Company")

    Investee company update

    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.

    Since June, Textic has traded in line with the Board's expectations. In addition, the Board is encouraged about the potential for the
expansion of Textic's operations into the US following the recent accessibility-based lawsuit awarded in favour of The National Federation
for the Blind against Target Corporation, one of the USA's largest on-line retailers. This settlement clarified that website owners are
obliged to take account of the needs of users with disabilities when designing, building and enhancing their websites. Given this market
development, Textic plans to establish a sales and representative office in the US (Seattle) in the second half of this year. 

    Further information on Textic can be found at its website, www.textic.com

    For further information, please contact:  
 Caplay PLC  
 Tony Fabrizi, Non Executive Chairman                 Tel: +44 (0)20 7382 0925
     
                
 Beaumont Cornish Limited
 Michael Cornish, Director      Tel: + 44 (0)20 7628 3396



    ENDS

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