WH Ireland - At the sharp end of the recovery

Only info I could found re Nasstar is as follows:







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Nasstar To Raise GBP0.2 Million Via IPO On UK's AIM

Edited Press Release



LONDON -(Dow Jones)- Nasstar PLC said Monday that it plans to raise GBP150,000 via an initial public offering on the U.K. Alternative Investment Market.

Nasstar is an application service provider supplying software over the internet. The service involves hosting software applications including email, Microsoft Office, accounts software, CRM systems and web sites from a purpose-built data centre.

Nasstar said 10.9 million Ordinary Shares of 1 pence each will be admitted to AIM of which 600,000 Ordinary Shares are being placed at 25 pence per share.

The group expects to make its debut on AIM on Dec. 29.

Nasstar has hired W.H. Ireland as its adviser and broker.



(END) Dow Jones Newswires

December 12, 2005 06:36 ET (11:36 GMT)

Copyright (c) 2005 Dow Jones & Company, Inc.

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[stuff cut]
Meanwhile, De Vere chairman Lord Daresbury is to join the new internet boom by bringing Nasstar, an application service provider, to AIM in a £3m flotation. He owns a 10% stake in the business, which was founded by the entrepreneur Charles Black. The business allows companies to use software over the internet.

M.