Parent to Float in U.K.

[London, ENGLAND] Knowledge Technology Solutions
(KTS), the parent company of finance portal, is to float on AIM, London’s
Alternative Investment Market, in December.

Although best known for, KTS is
also the parent of software company Cognita,
which develops custom solutions for aggregating,
processing, and delivering real-time information
over the Internet.

KTS expects to raise a modest sum, estimated to
be the sterling equivalent of just over US $2 million
by issuing 33.5 million new shares. It says it
will use the money to expand its business and develop
new software.

KTS will be worth around US $5.5 million if all the
shares are placed when trading begins on AIM on
December 4.

For the flotation, the nominated stockbroker is
Hichens, Harrison & Co. plc, and the nominated
adviser Beaumont Cornish Limited.

One of the strengths of KTS is the synergy it
achieves between its two businesses, with being an effective showcase for
some of the technology developed by Cognita.

KTS licenses its technology to other firms,
focusing on the area of real-time information
processing with delivery across different platforms
including Internet-enabled PCs and mobile devices.

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