Will add more as and when I have the time - but your starter for 10

For immediate release: 7 May 2003


STRATEGIC ALLIANCE



Envesta plc ("Envesta" or the "Company"), the alternative telephony provider,
announces the formation of a strategic alliance with Europa Telecomunicazioni
SpA ("Europa"), a wholly owned subsidiary of DreamFarm SA ("DreamFarm"), an
Italian based privately held telecommunications business with leading technology
and marketing in the European, African and Asian calling card markets.

As announced on 2 May 2003, DreamFarm, through its majority interest in Argo
Trust Limited, has agreed to acquire 45,562,951 of Envesta's Ordinary shares at
a price of 6.25p per share. Following completion of this transaction, which is
expected to take place on 19 May 2003, DreamFarm will hold 23.3% of Envesta's
Ordinary share capital. Mr Vito Carlo Stampanoni Bassi, President of Europa,
joined the board of Envesta plc with immediate effect on 2 May and two other
board appointments will follow completion of the share acquisition.

Europa's principal business is the sales and marketing of calling cards to
retailers and distribution channels throughout Europe. In collaboration with a
number of financial institutions Europa has been developing value added
financial services to run in conjunction with the telephony on the prepaid
cards.

Commenting on the alliance, Kevin McGovern, Finance Director of Envesta, said, "
We are delighted to welcome DreamFarm as partners and shareholders of Envesta.
We are particularly pleased that DreamFarm recognises the value inherent in our
business and has demonstrated this by the price paid to acquire their holding.
We look forward to a close relationship, which should benefit both our customers
and shareholders. The trading opportunities between the two companies are
considerable, with Seven Telecom, the trading subsidiary of Envesta, providing
wholesale minutes to the alliance and Europa the sales and distribution channels
for our new European product launches. We expect significant synergies and
profit enhancement as a result of the alliance and look forward to a developing
relationship with DreamFarm in the future."

Vito Stampanoni Bassi, President of Europa stated, "This is a significant step
for both companies in achieving a European dimension. The complementary elements
between the wholesale skills of Seven Telecom and the prepaid market knowledge
of Europa will lead to important synergies and economies of scale in purchasing
telephone traffic."

Other Interesting sites

www.noit.co.uk - major shareholder in Envesta
www.envestaplc.com

hi folks what do you think about envesta, does'nt it look like one of those quiet unnoticed rising stars?

About time if it is - and I think it will be a great success - more discussion on ADVFN than here - still quiet though.

That's if you can get into ADVFN, down at present.. so pleased I found this site... hi everyone!

I'm here for the same reason gissie.

Hi CNile.. just had a mail, should be up and running by noon, power failure..

I usually am too. What are your views on the present sell off? Do you think its been manufactured or is just that the markets are down generally today? Any guesses as to where it stops and/or rallies?

Thanks gissie.

taquila : I'm in for the medium term so not to bothered. A day or two of pullbacks was inevitable given the recent rise. Having bought in most of mine in at the 2-2.5p range I'm waiting for the 10-12p range before I sell up.

Good Luck

C NILE

bought yest @ 6.8 nasty surprise today but in for the long term

I think this level (under 6p offer) will be the around the low of the day, and was expected. Should recover from here throughout the rest of the day.

topped up today at 6p. pull back was more than expected.

on here as advfn is down, but money am was mentioned yesterday there so was checking out anyway. live pricing is good, but boards not as active (seems to me)

Yes, the bbs are a lot quieter. I think advfn going down this morning and other problems will bring a lot more people to moneyam though, so should hopefully start to liven up.

It had to pull back at some point as people take profits.
I expect we will be range bound between 6.0 and 6.8p now for a short while.
If we find that the lower range keeps getting higher (I.e. 6.0-6.8,6.2-6.9,6.4-6.8) then this is a very strong signal that we have a breakout once the gap is closed to 6.8 onwards & upwards.

Remember - we couldn't keep going up forever!
This is a temporary retracement for everyone to catch their breath!

PS I much prefer moneyam - seems to work most of the time, you get longer on the trades before timeout - just a shame the boards aren't so busy!

Hi guys. These BBs are always quiet. ADVFN is far more active and influential. Where MoneyAM scores is with its stock watch which is far superior. Getting back to EVS, the rebound is on its way!