8el secures second round of private funding to grow business

Reading, UK, August 7, 2002 --- As part of its ongoing strategy to develop infrastructure and increase marketing activity, 8elhas successfully completed its second round of private funding.

8el's unique business proposition and experienced management team have both been decisive factors in securing both initial funding of £1.5 million in January 2000, and the latest round of funding totalling £2.25 million. 8elnow has over 80 private investors, avoiding any financial dependency on either venture capitalists or institutions.

As a debt free organisation, 8elrepresents a stable, secure business partner to its existing and potential customers. With growing sales and appropriate funding, 8elis now well positioned to progress the expansion of the business through to cash-flow positive during 2003.

About 8el
8elis a leading supplier of voice and data network services. Innovative UK businesses use 8el's solutions to reduce their total cost of ownership, increase facilities and improve network reliability.

Founded in 1999, 8elis a fully funded, stable service provider with a growing customer base. Solutions are deployed across a number of vertical markets including recruitment, transport, publishing, accountancy and the legal profession. Customers include leading players such as PSD Group, DAS Air Cargo, Centaur Communications, James & Cowper and Laytons solicitors.

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For further information please contact 8el's Marketing Department Tel: 0845 33 000 93