LONDON (Thomson Financial) - Leisure company Caplay PLC said it has invested
200,000 pounds in computer software company Textic Ltd which specialises in the
development, marketing and selling of text-to-speech technology.
AIM-listed Caplay said its investment comprises a loan to Textic together
with an option to acquire the company under certain conditions.
Textic's software allows websites to have an icon which, when pressed,
"reads out" elements of the page on the screen. More advanced forms enable
websites to have branded voices, talking thesaurus and dictionary capabilities.
The loan is repayable on June 17 2010 and is secured by a debenture over the
business and assets of Textic and bears an interest rate of 10.0 percent per
annum.
tf.TFN-Europe_newsdesk@thomson.com
nes
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|