JellyWorks Forms Alliance With Swedish Online Bank

Internet investment firm
JellyWorks has announced
a strategic partnership with Sweden’s EPO.COM,
a company that specializes in electronic public offerings (EPOs).


JellyWorks already has a shareholding in EPO.COM but with
the new agreement it will increase its involvement in the
Scandinavian market. The U.K. firm will operate from EPO.COM’s offices
and allow the Swedish firm to handle the EPOs for its investments in
Scandinavia.


“Scandinavia leads the world in wireless access to the Internet and
JellyWorks is keen to invest in that sector,” said Ed Guinan, chairman
of JellyWorks.


0la Lauritzson, chief executive officer of EPO.COM, commented
that EPO.COM has already handled 17 EPOs on the Stockholm
Stock Exchange. As a result of the new alliance, Lauritzson
anticipated even more opportunities in the future.


JellyWorks, which is listed on AIM in the U.K., has had a meteoric
rise in recent weeks, chiefly the result of making investments
in such successful enterprises as beenz.com
and Orchestream.


Just before Christmas, JellyWorks announced the formation of
JellyWorks USA together with an investment in the New York-based
Internet investment company Grand Central Holdings.


In electronic public offerings, as envisaged by EPO.COM, the entire
issue process from sending a prospectus to the distribution of
shares takes place online.


EPO.COM has been authorized by the Swedish Financial Supervisory
Authority as a securities company and has managed
a bond offering for the Swedish National Debt Authority.
The company maintains offices in Sweden, Finland and London, and has
plans to expand its presence to Germany, Italy and France this
year.

News Around the Web