Oxygen leads 1m investment in Cambridge based nGame Limited


Investment in nGame, provider of interactive content for WAP and next generation entertainment channels

is pleased to announce that it is to lead a 1 million investment, in conjunction with a number of investors, in nGame, a leading provider of gaming content for the

mobile Internet and interactive television sectors. nGame had already secured capital of 500,000 prior to this investment. Of the total investment of 1 million, 540,000 is being provided by Oxygen, representing 7 percent of nGame's total issued share capital.

nGame was founded by Cambridge graduates in 1997 to exploit the market for multi-player gaming experiences for Digital Interactive Television (DITV) and other next generation entertainment platforms. nGame's innovative server technology leads the field in script-generation for cross-platform gaming which has led to a contract with a leading UK DITV service. In addition, nGame has developed a number of multi-player titles suitable for WAP and I-mode platforms. The company is currently in talks with a number of mobile telephone manufacturers and network operators regarding the global licensing of these titles.

The proceeds will be used for the purposes of further product development and implementation of a worldwide marketing strategy.

Mike Edelson, Executive Chairman commented: 'nGame is a great example of the talent coming out of universities such as Cambridge.

'Digital Interactive Television is set to change home entertainment completely. Multi-player interactive gaming experiences, currently restricted to a small section of Internet users, will soon be available to a mass market. We believe that this investment will give Oxygen exposure to these cross-platform market opportunities, especially the potentially explosive area of mobile Internet access.'

02 March 2000 Enquiries:

Oxygen Holdings plc Tel: 020 7625 2249/ 2233 Paul Harris Robert Jenkin

College Hill Associates Tel: 020 7457 2020 Nicola Weiner Mary Matthewson

Seymour Pierce Limited Tel: 020 7648 8700 Mark Percy