RNS Number:4578U
Channel Health PLC
12 April 2002

12 April 2002

Channel Health PLC

("Channel Health" or the "Company")


Board changes, appointment of nominated adviser, requisition of extraordinary
general meeting and proposed name change

On 18 March 2002 the Company announced the sale of its only operating
subsidiary, Channel Health Interactive Limited ("Chill"), to Health Track Media
Limited ("Healthtrack"). The sale of Chill left a shell company, Channel Health,
with minimal cash balances but a potentially valuable trading facility on the
Alternative Investment Market. The Company further announced on 18 March 2002
that it was in discussions with a number of parties in relation to the options
available to the shell company.


As a first step in the repositioning of Channel Health, the Company is pleased
to announce the appointment of Mike Richards as a director of the Company.


Mike Richards is an independent business strategy consultant whose clients
include Mobil and Shell. Mike is also a director of a number of other companies
including Alythia Limited ("Alythia"), a company newly created to establish a
film and television production financing group and investment fund.


Contemporaneous with Mike Richard's appointment as a director of the Company,
Alythia has paid Channel Health a non-refundable sum of £75,000 to fund the
formulation of a business plan to create a television production company. It is
anticipated that the new business plan and strategy of the Company will be
formally announced in the near future.


Under the terms of the Company's agreement with Healthtrack, the Company is
required to change its name. Accordingly the Company today announces that an
extraordinary general meeting ("the "EGM") has been requisitioned in order to
approve the change of the Company's name to Zyzygy PLC. The EGM to approve the
name change will be held at 11.00am on 7 May 2002 at the Company's offices, 10
Wardour Street, London W1D 6QF.


The Company also today announces the resignations of Dabinder Dhanda, Richard
Murray, Douglas Yates and Eileen Campbell and the appointment of Deloitte &
Touche Corporate Finance as nominated adviser to the Company. Beeson Gregory has
given notice of its intention to resign as broker to the Company and, as such,
the Company is now actively seeking a new broker. Following the resignations,
neither Joanne Sawicki nor Mike Richards, the two remaining directors of the
Company, will receive salaries or fees in respect of their directorships until
such time as a new business plan and strategy for the Company has been agreed,
funded and is capable of implementation.


Enquiries:


Joanne Sawicki, Director, Channel Health, 020 7758 3200


Information on Michael Richards required by paragraph (f) of Schedule Two of the
AIM rules:


 i. Michael Wyndham Richards, 40 years old


ii. Current directorships: Chelsea Software Limited, QED Technology Limited,
    Parallel Pictures Ltd, UKM Ltd, Alythia Ltd, Zyzygy Limited, Next Generation
    Sports Ltd, Flickz.biz Ltd, Summercare Homes, The Learning Paper Limited,
    Shotech Engineering Ltd, Icarus II Ltd, Eastgate Ltd



    Previous directorships in the last five years: Dubble Bubble Limited,
    Geo-Petrol SA de CV, Geo-Petrol Services Inc

iii. None


iv. None


 v. None


vi. None


vii. None


viii. None






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