Rosenblatt acts for Cenkos Securities in respect of a reverse takeover and placing

Rosenblatt has acted for Cenkos Securities in respect of Cenkos' role as nominated advisor to eXpansys plc. eXpansys plc has conditionally agreed to acquire the entire issued share capital of Data Select Network Solutions Limited ("DSNS") and PJ Media Limited ("PJ Media") for a combined consideration of £38 million.

The acquisitions are being funded by the placing of 535,714,286 new ordinary shares at 5.6 pence per share to raise £30 million and the issue of shares in eXpansys to the vendors.

The DSNS business specialises in the sale of SIM cards from the majority of UK mobile telecommunication network operators and mobile virtual network operators. PJ Media is an e-commerce and web publishing business with a number of clients in the telecoms sector.

By reason of the size and relative value of DSNS in relation to eXpansys, the acquisition constitutes a reverse takeover under the AIM Rules for Companies and will, therefore, require the approval of existing shareholders of eXpansys at a general meeting to be held on 23 July 2010.

Following the acquisitions, the Directors intend to capitalise upon the prospective opportunities available to the enlarged group and aim to develop the enlarged group into an international on-line consumer technology superstore.

Grant Thornton acted as reporting accountants to eXpansys. PWC conducted the financial due diligence on DSNS and PJ Media. Eversheds acted as lawyers to eXpansys.