SOURCE: B2bcompass Ltd.

May 05, 2008 07:00 ET

B2bcompass Ltd. Signs Letter of Intent for the Acquisition of Masterseek Corp. Shares in a Stock Transaction

LONDON--(Marketwire - May 5, 2008) - B2bcompass Ltd., the UK call center and search engine company continues its expansion by acquiring shares in one of the most innovative search engines on the web: masterseek.com.

Masterseek.com is part of the Masterseek network with additional localized versions of its business to business search engine now in operation.

Thanks to this acquisition agreement b2bcompass will immediately see dramatic increases in the number of visitors to its site. The increased traffic will significantly impact advertising revenues for the company. The partnership will benefit b2bcompass.com in two direct ways: firstly by the addition of parts of Masterseek's company database and secondly by employing Masterseek's web crawler technology to keep the database active and current.

The acquisition will give Masterseek shareholders 2 shares of b2bcompass for every one owned of Masterseek. The Board of Directors together with its corporate and exchange listing advisors are confident that this merger is by far the better strategy for shareholders compared to waiting for the world markets to come around from the constraints and restraints imposed by the "credit crunch" mentality that is all too pervasive at this time and then to go for its IPO alone. B2bcompass not only has a well known and well used database with advertisers onboard but is also the owner and operator of Callcompass Ltd. a major call center business with many clients in Western Europe and substantial revenues. The powerful and unique blend of Masterseek's massive database, its web crawler technology, its impressive traffic both in first time users and repeat visitors combined with the sophisticated database of b2bcompass, its advertisers, its own core traffic and the multi million euro annual revenues from its call center division will give shareholders much better value when the time comes for stock market entry.

With regards to this b2bcompass is far ahead in the IPO application process in that it has been working with a London-based corporate finance group and together the two firms have been working on the listing process for one of the London exchanges later this year. Importantly the finance group has identified several large investors in order to raise capital in connection with the listing.

Public listing in London creates access to funding needed for the progressive expansions planned by b2bcompass. The share acquisition between Masterseek and b2bcompass will speed up the public listing process by immediately increasing shareholder quantity, easily surpassing the requisite number of shareholders to meet listing requirements in the UK.

B2bcompass Ltd. is committed to making b2bcompass.com an indispensable tool on the worldwide web, a search engine with the world's largest database of companies, products and services, easy to use with pinpoint accuracy utilising its successful call center to drive in advertising revenue to the company.

"We are delighted to be aligned with b2bcompass. Their two for one acquisition of shares from Masterseek shareholders is a great deal for individual investors," comments Robert Perz, CEO of Masterseek Corp.

About Masterseek Corp.

Masterseek is the world's largest and most comprehensive B2B search engine that establishes contact between buyers and suppliers worldwide. Masterseek's unique web technology enables companies to obtain detailed information regarding global, national, regional or local markets and their participants.

About b2bcompass Ltd.

B2bcompass Ltd. is a UK-based call center company providing telemarketing services. Moreover, to increase revenue and internet presence, b2bcompass maintains and provides an intelligent search engine, b2bcompass.com, a one stop shop for business to business related inquiries. On the website it is possible to search through detailed information on thousands of companies worldwide providing quick and free access to: company profiles, contact information, descriptions of products and services, etc.

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