Tangent Communications PLC (TNG.LN), an integrator of technology and marketing strategy, said Monday it has signed an agreement with Pearson Australia Group following the latter's acquisition of the REDgroup retail online business which includes the Borders and Angus and Robertson websites.

MAIN FACTS:

-Tangent will continue to be a primary E-commerce provider for the Australia book market.

-No financial details disclosed.

-Tangent shares at 1255 GMT down 4.3% at 6 pence valuing the company at GBP9.81 million.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

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