Geneva, February 1, 2000

Nascendo acquires a participation in MySpares.com

Nascendo S.A. announces that it has taken a 20% stake in MySpares.com, the first website dedicated to spare parts for the professional audio, video and broadcast industry.

Managers at B&C Holdings who already manage an offline turnover of 1.5 million Euro found MySpares.com. The company benefits from an experienced management team with a track record in the professional video and broadcast market.

The spare parts market is estimated at USD2.5 billion. MySpares.com already has agreements with the principal manufacturers in the professional and consumer electronics business that dominates the market. The companies supporting MySpares cover nearly 80% of the professional video and broadcasting spare parts market.

MySpares.com is setting up a completely automated ERP system to better serve its clients in terms of availability, price, purchasing and delivery of spare parts. This platform is currently under development using a combine JD Edwards and Broadvision solution.

Conor O'Donnell, MySpares.com founder validated the new model: "being online will completely valorize the business of selling spare parts which was more of an imposed obligation than a business for most manufacturers in the past. With our new ERP and server to client technology, we will be able to provide thousands of technical workshops access to spare parts information, purchasing, and several other services on our site, including technical help desk, and specialised technical information accumulated over the last 15 years by various manufacturers' service centers".

Marin le Corre, Chief Executive of Nascendo commented: "The founder of MySpares.com has a successful track record in the industry. We are convinced that we have chosen the right partner and Nascendo will bring its knowledge and experience in the online business. The services that MySpares.com proposes will dramatically increase client orders compared with an offline model".