http://www.brainspark.com/
Price 0.25-0.40 pence : 08.11.04
Trades over 60,000 Shares are delayed in reporting by 1 Hour.
Daily Execution Price and Volume


Brainspark Plc is an AIM listed company, focusing on investments in best-of-breed Information & Communication Technology (I&CT) primarily in Europe and Israel.
The core competence of the Company is the vision and the understanding of I&CT, and how these technologies will be key for the creation of break-through applications, combined with an international network of excellence among researchers and entrepreneurs.
The advent of broadband will have a major impact on the way businesses operate providing opportunities for new services and contents
We believe it is a timing issue, rather than a 'will be' issue. Brainspark is positioning its portfolio of investments to be ready to take advantage of the broadband opportunities when they become available.

Shares in issue 192m 1p ORDS
Major shareholders
Major Shareholders.................Amount................% Holding
Cross Atlantic Technology Fund.....33,916,050.............17.64
Company Directors
Francesco Gardin...................31,903,278.............16.59
Alberto Agosta......................2,527,273..............1.314
Edward Burman.........................681,818..............0.355

Brainspark have investments in the following companies:


www.geosimcities.com
Geosim Systems has developed proprietary technology for automation of the production process of 3D models as a product derived from satellite and aerial images. This technology will be applied in standard products for the creation of very high resolution 3D models of towns and other locations, and will be accessible via broadband Internet.
Geosims technological partner is Argotek, owned by the FORMULA Group (NASDAQ-FORTY), one of the major Israeli software companies.
Geosim Systems was founded in Israel five years ago as a satellite company of Tiltan System Engineering Ltd (TSE) by a group of technical experts who had been members of the Israeli Air Force.

From November 2003 to January 2004, Brainspark made a further investment in
Geosim Systems Limited (51.75% owned by Brainspark) of
US$50,000. GeoSim is an Israeli company, whose main business purpose is the
creation of 3D models of cities and other areas of special interest. GeoSim's
management believes its state-of-the-art technological tools allow cost and time
saving in data collection and 3D modeling process. GeoSim realised revenues in 2003 of about US$400,000 (#240,000) mostly in the second half of the year and is expecting to make further progress in 2004, particularly in the USA where the
main focus will be on developing Homeland Security applications and in Italy
where the Company is in discussions with local authorities in a number of
historic cities.

www.theusabilitycompany.com
SOLD 320k


www.metapack.com
MetaPack's mission is to make traditional supply chains more responsive to individual customer needs. We provide zero defect fulfilment that attracts, converts and retains valued customers at the lowest cost to serve. We are helping retailers to: extend range availability in smaller stores reduce the cost and improve the service of online fulfilment implement web-based ordering throughout retail offer the widest range of delivery options revolutionise services in shopping centres MetaPack works for companies such as Boots, British Land, GUS (Reality), M&S, Sky and WHSmith.


www.kerb.co.uk
Kerb, winners of various major industry design awards (including a Design Week Award and the Yell Award for best use of e-commerce), and the Future UK Internet "Web Agency of the Year" award, are a Full Service Digital Agency based in Brighton consisting of 20 people, and have built a reputation for producing high quality, funky, cutting edge Internet sites, CD-Roms, and web-based games for clients. These UK clients include: Pepsi, Electronic Arts, Mathmos, Scottish Telecom, EMI, the Mean Fiddler, Elida Faberge, Flextech and Petspark.com (one of Brainsparks incubated companies). Kerb also have clients in Switzerland, Japan, and Hong Kong.


www.fortune-cookie.com
Fortune Cookie creates award-winning online solutions. From consultation to actual implementation of the chosen route, turning difficult technical propositions into simple and dynamic realities. Fortune Cookie is a global brand with global coverage, and an integral partner of Brainspark and the partner companies.
On 4 December 2003, the Company increased its percentage ownership in
Fortune Cookie (a company which offers strategic thinking, design and build
services in web and wireless technologies) from 25% to 29.44% by capitalising
#48,176.39. This transaction puts Fortune Cookie in a better financial position
to enter into discussions for potential mergers to enlarge its market share and
to participate in a large innovation project overseas.


www.easyart.com
Easyart.com is the UK's largest online retailer of reproduction prints and limited edition art. It offers over 40, 000 fine art and photographic prints, with more being added every day, plus made-to-order picture framing.


www.traderserve.com
TraderServe is an application service provider targeted at professional traders, offering them a flexible, highly sophisticated, yet easy-to-use, modelling system for financial and futures markets.


www.sanvicentegroup.com
The shareholders of the company are prominent financial institutions, corporations and technology entrepreneurs from throughout North America and Europe. The company is led by a board of directors with extensive experience in the venture capital industry.


www.acsys.it
Advanced Computer Systems (ACS) are involved in the design and production of ground stations for the acquisition of data from remote sensing satellites; analysis and processing of digital images; geographic information systems; virtual reality; management of large amounts of information. It is currently preparing the complete digitalisation system of the radio archives and production for RAI (Italian State Broadcaster).

www.smile-on.com
SOLD 220K


www.impression.it
Impression created in February 2000 by a group of Internet experts operating in the ISP sector (Internet Service Provider) provides high added value quantitative and qualitative analysis of accesses to web-sites and detailed online reporting.


www.ludonet.it
Ludonet, founded in 1995, is a leader in the development and management of online entertainment and virtual community solutions.

In September Interims directors highlighted consolidated NAV position of 3.3m and described this valuation as conservative. Directors are paid in options/warrants at 1.1 - 1.31p/share. Given two investments that carried a book value of 22,000 in these results were sold for over 500k, how much is the remainder worth?

192m shares in issue
Mid-Price...........NAV / Market cap equivalent
0.30p................0.58m
0.40p................0.77m
0.50p................0.96m
0.60p................1.15m
0.70p................1.34m
0.80p................1.54m
0.90p................1.73m
1.00p................1.92m
1.10p................2.11m
1.20p................2.30m
1.30p................2.49m
1.40p................2.69m
1.50p................2.88m
1.60p................3.07m
1.70p................3.26m
1.80p................3.45m
1.90p................3.64m
2.00p................3.84m

One to watch tomorrow as interims are due tomorrow and there could be news on the big Geosim deal so will be watching closely.

Interms were very guarded, as the most exiciting events happened after June 30th (and the interims only cover period to June 30th) nothing was said of August heads of terms Geosim payments or quite a few other things, so it remains one to watch for any explosive RNS about recent events and deals that are being dealt with at the moment.

We should get news on ACS end of this month or early November (from the 9th August RNS) and even that will be good news, the big one on Geosim is still there and waiting for news (from the 11th August RNS)

Brainspark PLC
09 August 2005
FOR IMMEDIATE RELEASE
9 August 2005
BRAINSPARK PLC
('Brainspark' or the 'Company')
Grant of call option over the Company's shares in Infusion 2002 Limited

Further to the announcement on 3 August 2005, the Company announces that it has agreed pursuant to an agreement signed today ('the Call Option Agreement') to
grant a call option (the 'Option') to AISoftware SpA ('AISoftware') over the
entire issued share capital of its wholly owned subsidiary, Infusion 2002
Limited ('Infusion').

Infusion holds a 16.2 per cent. investment in Advanced Computer Systems SpA
('ACS'), an Italian based software company, which is held at a book value of
1.43 million. The exercise price of the Option is 1.43 million.

The Call Option Agreement is subject to a number of conditions including a
condition that, by 31 October 2005, Infusion will have no assets or liabilities
other than its investment in ACS. Infusion will transfer its other assets to
other members of the Company's group. The Company will provide an indemnity
against any liabilities of Infusion.

Pursuant to the Option, the Company will receive an initial non-refundable
payment of 300,000 (the 'Initial Payment') which will be satisfied by the
release by AISoftware and its group companies of all debts owed directly or
indirectly by the Company and Infusion.

A further payment of 1,130,000 (the 'Second Payment') is payable on exercise of
the Option to be satisfied, subject to the consent of AISoftware's shareholders
and appropriate provisions of the Italian Civil Code, by the issue of new
ordinary shares in AISoftware.

AISoftware is listed on the Nuovo Mercato of the Milan Stock Exchange. The Nuovo
Mercato in Milan has broadly similar status to AIM in London.

The Company may terminate the Option at any time prior to 31 July 2006 (when the
Option would otherwise expire) provided it repays the Initial Payment, together
with a further payment of 50,000. The Company has provided certain limited
warranties to AISoftware.

As Francesco Gardin is a director of the Company and AISoftware, the grant of
the Option to AISoftware by the Company is to be treated as a related party
transaction. The independent directors, having consulted the Company's nominated
adviser, consider that the grant of the Option to AISoftware by the Company is
fair and reasonable so far as shareholders are concerned.

The independent directors believe that the Option enables the Company to
discharge its entire indebtedness to AIS amounting to 300,000, as well as
providing the potential for a more liquid investment or cash should the Option
be exercised by AISoftware.

ENDS

If news on the Option is good and followed by good news on Geosim this will be due a major re-rating.

Bottom looks to have been hit now (and a bottom on no news, nothing changed) and BSP moving up strongly again.

This was trading at 1.2/1.3 and moved down for no reason at all, the story is the same and big potential with the Geosim agreement.

Fairly flying up now, whats happening, ACS deal done ?

Top % Gainers

1	AFG	African Gold Plc Ord 10p	42.5	38.0	844.44
2	PCR	Procarbon Ord Npv	2.125	0.5	30.77
3	BSP	Brainspark Ord 0.01p	0.775	0.15	24.0
4	PMK	Plus Mkts. Ord 5p	17.25	2.5	16.95
5	URL	Union Ord Npv	3.5	0.5	16.67
6	EDR	Egdon Resources Ord 1p	76.5	9.5	14.18
7	RAF	Real Affinity Ord 0.1p	0.325	0.04	14.04
8	LRM	Lombard Risk Ord 0.5p	9.25	1.125	13.85
9	GTL	Gtl Resources Ord 1p	1.5	0.175	13.21
10	MXC	Matrix Comms. Ord 10p	140.0	15.5	12.45
11	ISS	Isis Res Ord 0.1p	3.875	0.375	10.71
12	MKD	Marakand Ord 1p	15.25	1.25	8.93
13	IBG	Internet Bus. Ord 1p	18.75	1.5	8.7
14	STCM	Steppe Cement Ord Usd0.01	58.0	4.5	8.41
15	ALT	Applied.opt.t. Ord 5p	41.5	3.0	7.79
16	BVC	Batm Advanced Ord Ils0.01	24.75	1.75	7.61
17	CBX	Cubus Lux Ord 1p	14.5	1.0	7.41
18	CPNR	Carpathian Ord Npv	3.875	0.25	6.9
19	DGO	Dragon Oil Ord Eur0.10	152.25	9.75	6.84
20	AP.	Alltracel Ph. Ord Eur0.0125	12.5	0.75	6.38

Just saw your post on the board, glad I got 500,000 @0.003 a few months ago, I tucked em away and waited.

Always thought these looked good and I like the look of the geosim deal

.

wow 64%

Percentage Gainers

			EPIC	Name	Price	Change(%)
	1	(1)	BSP	Brainspark	1.025	63
	2	(2)	PCR	Procarbon	2.125	30
	3	(3)	PMK	Plus Mkts.	17.0	14
	4	(4)	EDR	Egdon Resources	76.5	13
	5	(5)	RAF	Real Affinity	0.325	13	A
	6	(6)	LRM	Lombard Risk	9.25	13
	7	(7)	GTL	GTL Resources	1.5	12
	8	(8)	MXC	Matrix Comms.	140.0	11
	9	(9)	ISS	Isis RES	3.875	10
	10	(10)	BVC	Batm Advanced	25.25	9
	11	(11)	IBG	Internet Bus.	19.0	9
	12	(12)	MKD	Marakand	15.25	8
	13	(13)	STCM	Steppe Cement	58.0	7
	14	(14)	ALT	Applied.Opt.T.	41.5	7
	15	(15)	CPNR	Carpathian	3.875	6
	16	(16)	CBX	Cubus LUX	14.5	6
	17	(17)	DGO	Dragon OIL	151.25	5
	18	(18)	HCEG	Healthcare Ent.	63.0	5
	19	(19)	AP.	Alltracel Ph.	12.5	5
	20	(20)	NCC	NCC GRP	216.0	5	A

News on the ACS deal is what is needed to firm this rise up if this is what its from, it removes 300K debt and gives Brainspark an extra c. 1.1 million cash (or shares) next year, and that news should be coming soon (with the Oct 31st deadline for asset transfer)

Fortune Cookie is doing very well as are other companies in the BSP portfolio, and that is all with Geosim sitting there waiting to happen.

Relax and accumulate, its worth a lot more than the present price in the long term, and in the long term I am looking for 4p to 5p with the Geosim deal going ahead.

alot reckon this will hit 2p really easily... emm I doubt it

2p will come, but in time. If the Geosim deal goes ahead then it will hit 4p to 5p, and its just an MOU and an if at the moment, that is why the price is where it is, but the potential is there.

The ACS deal of which part one should go into effect before 31st Oct and the full deal by July 06 writes off 300K of debt and gives BSP an additional 1.1 million in cash. The cash burn rate will now be greatly reduced at the rental agreement is terminated. The portfolio companies are doing well. ACS deal going ahead should firm this up and it should trade in the 1p to 1.5p range, and then it is just waiting for news updates on Geosim and "the Firm" and the agreement/offer.

Basically a very interesting stock, a good buy and hold and add type stock for the long term rewards on offer for long term holders, not a trading stock.

The trouble is calling the dips right to add more, as you can see, when it moves it moves quick, so in some respects if you are adding just add as and when you feel like it.

I hold about 500,000 of these bought a number of months ago @ 0.003, why the increase today, there has been no RNS, I have to admit it is a small part of my portfolio but was very pleased at the rise today, I nearly sold last time @ 1.4p

News is due on the ACS deal it is thought, as the 31st of Oct was a key marker for initial transfer of assets and initial payment of 300K. Deal would then go through with final payment of 1.1 million any time before July 2006.

So its thought we should get the initial confirmation on ACS very soon, but of course everyone is waiting for an update on the mega bucks Geosim one as well.

Papelpower

Was there a reason why it moved up today though

No, it can only be two reasons though.

1 is a technical bottom on the charts.
2 is leaked info on the ACS deal first phase being complete and news coming soon.

Or a combination of 1 and 2

Its like I have seen on HML today, suddenly lots of buys, this never happens on HML so I take it that info has been leaked and news is due very soon on there.

If there is no reason for a 40% rise then the company should clarify this in the morning with a no reason for rise RNS.

There is the reason

Update


RNS Number:2162T
Brainspark PLC
26 October 2005



FOR IMMEDIATE RELEASE 26 OCTOBER 2005

BRAINSPARK PLC

Brainspark notes the recent rise in its share price on AIM and confirms that it
understands that the heads of terms announced on 11 August 2005 regarding Geosim
Systems Ltd, in which it currently holds 50.1 per cent. of the equity, are
expected shortly to be converted in to full legal documentation. As and when
this is signed a further announcement will be made and Brainspark will be in a
position to disclose the name of the US private equity firm involved.

ENDS

Further information

Francesco Gardin, Brainspark PLC 0039 0228 0141
Roland Cornish, Beaumont Cornish Limited 020 7628 3396