RNS Number:6101O
Envesta PLC
13 August 2003


Strictly embargoed until: 08.30, 13 August 2003


                  Envesta launches new Pan-European subsidiary

In its first expansion move into the European telecoms sector, Envesta plc 
("Envesta"), the specialist alternative telephony provider, today announces the
launch of Eurotel Exchange, a Pan-European service provider specialising in
switched voice telephony.

The strategic focus of Eurotel Exchange, which is based in London, will be the
recently deregulated emerging markets of Southern, Central and Eastern Europe.
The new company will provide wholesale minutes to large distributors of
telephone calling cards in those regions, in a model similar to that of its
sister company Seven Telecom, which offers the same services in UK markets.  All
back office and technical support will be provided by Seven Telecom.

Mr John Janaraghi has been appointed Managing Director of Eurotel Exchange and
has considerable experience with leading international carriers in the
management of wholesale carrier markets.  He will be joined on the Eurotel
Exchange board by Kevin McGovern, Finance Director of Envesta.

Lyndon Chapman, Chairman of Envesta, commented "Although the telecoms voice
market has become highly competitive in many respects, the decline of large US
based carriers has created demand for specialist telephony.  We believe that
through the selective targeting of 'niche' European markets and a focus on
offering tier-1 quality routes at competitive prices, our new operation will be
in a good position to rapidly generate very attractive margins.

"We anticipate that initial sales will come from Spanish and Italian
Distributors and expect Eurotel Exchange to make a meaningful contribution to
the Group's sales during the next 12 months."

For further information please visit www.envestaplc.com or www.envestaplc.com
or contact:

Lyndon Chapman, Chairman                      Rosie Brown
Kevin McGovern, Finance Director              Melissa Hubbard
Envesta plc                                   Tavistock Communications
Tel: 0870 767 7778                            Tel: 020 7600 2288
e-mail: lyndon@envestaplc.com                 e-mail: rbrown@tavistock.co.uk



Note to Editors:

Envesta plc has been transformed within two years from a loss making on-line
property development company to a profitable telecommunications provider. Its
principal operating subsidiary is Seven Telecom, which continues to grow
organically by identifying further niche gaps in the market. While still
concentrating on what it does best - providing the infrastructure and capability
to deliver cost effective, quality international telephone connections - it has
achieved impressive revenue growth, remaining profitable and cash generative.


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END

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