TGR Tirupati Graphite Plc

RNS Number:6495L
RexOnline PLC
5 June 2000

RexOnline Agrees Joint Venture With 10 Group


RexOnline plc ("RexOnline"), the online recruitment specialist, 
has agreed a joint venture with AIM-listed 10 Group plc ("10 
Group") to develop an online agency; gimmejobs.com.  
Gimmejobs.com will be specifically targeted at service, trade and 
supervisory staff, an area the Directors believe is currently 
under-serviced by online recruitment sites.

Dorian Marks, Chairman of RexOnline, commented:

"This is an excellent joint venture for RexOnline.  Not only are 
we expanding our reach into new market sectors, which will enable 
us to service a wider segment of the recruitment industry, but 
will also enhance our existing products and services.

This joint venture significantly broadens our offering, using 10 
Group's experience of the traditional recruitment advertising 
business and that of Rexonline's through the internet."

Under the terms of the new agreement, RexOnline has purchased the 
domain names from 10 Group for 100,000 RexOnline shares.  10i 
Ltd, a subsidiary of 10 Group, will invest #100,000 in cash at 
completion for 20 per cent of the equity in gimmejobs.com.  
Revenues of the venture will be shared on a 50-50 basis.

RexOnline will sell gimmejobs.com's services to recruitment 
agencies and corporates, and 10 Group will manage and finance the 
marketing of the business by utilising publications owned by 10 
Group and external agencies.

To attract maximum exposure the site will be fully WAP enabled so 
that candidates without PC based internet connectivity will be 
able to access all vacancies on the site.

For further information please contact:

Simon Hersh
Chief Executive
RexOnline plc
Tel: 01344 874422

Adam Reynolds/Takki Sulaimann
Hansard Communications.com
Tel: 020 7735 9415
Mobile: 0385 908158

END

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