BDG Business Direct

RNS Number:3302Y
Business Direct Group Plc
14 June 2007

Thursday 14 June 2007

                           BUSINESS DIRECT GROUP PLC

         #8m contract wins for new service and placing to raise #1.25m

Business Direct (BDG.L), the operator of the ParcelXchange intelligent locker
distribution system, has made significant progress since its 31 January 2007
year end and is continuing to win new customers, in both its In-Night and
Specialist businesses.

The Company is pleased to announce the start of its new road and air European
inbound initiative, through which it now offers UK delivery of parts by 7am from
distribution centres based in mainland Europe. The Company has won two initial
contracts, which commenced on 1 June 2007, worth #8m over the next five years.

The Company is also pleased to announce that it has placed 41.8m ordinary shares
of 1p each ("Ordinary Shares") at 3p per Ordinary Share to raise #1.25m, before
expenses.  These additional funds will allow Business Direct to continue its
recent progress and further to strengthen its balance sheet.   As part of the
Placing, management, employees and associates subscribed for 6.4m Ordinary
Shares, representing #192,000 in aggregate.

Application has been made for the 41.8m new Ordinary Shares to be admitted to
trading on AIM and it is expected that admission will be effective and dealings
will commence on 20 June 2007.

In addition, options over 500,000 Ordinary Shares have today been granted to
Russell Hodgson, Chairman, and over 300,000 Ordinary Shares to Graham Norfolk, a
non-executive director, at an exercise price of 3p per share.  The vesting of
these options is subject to the satisfaction of the same performance conditions
as those applied to options granted in January 2007 to Executive Directors. An
additional condition is that at the time of any options vesting the director
shall already own shares equal to or exceeding 50% of the number of options
vesting.

The number of shares subscribed for and the resulting shareholdings are as shown
below:


Director             Number of     Number of       Number of         Percentage of     Options held
                     Ordinary      Ordinary Shares Ordinary Shares   issued Ordinary   following
                     Shares        subscribed for  following the     Shares following  the Placing
                     currently     in the Placing  Placing           the Placing
                     held

Russell Hodgson      166,666       333,333         499,999           0.2%              500,000
Paul Carvell*        2,495,483     -               2,495,483         1.2%              8,666,666
Martin Wright        -             1,333,333       1,333,333         0.6%              2,000,000
Martyn Wilson        -             166,667         166,667           0.1%              2,000,000
Tim Houstoun         54,655,773    -               54,655,773        26.2%             -
Graham Norfolk **    -             333,333         333,333           0.2%              839,880
Stephen Dakin        2,166,667     666,666         2,833,333         1.4%              -


Note

*Paul Carvell's options are exercisable at 3p per share as detailed in the
circular to shareholders dated 14 December 2006.

** Graham Norfolk is a director of Bollin Nominees Limited which has an option
over 539,880 Ordinary Shares, exercisable at 50p per share and 300,000 Ordinary
Shares, exercisable at 3p per share. The 333,333 Ordinary Shares shown above are
registered in the name of Acorn Capital Partners Limited of which he is also a
director.

The Company has recently posted to shareholders its report and accounts for the
13 months ended 31 January 2007, and these are available on the Company's
website, www.bdpx.com .  The AGM will take place at 10.00am on Thursday 28 June
2007 at the offices of JM Finn, 4 Coleman Street, London, EC2R 5TA.



Paul Carvell, Chief Executive, stated:

"I am delighted to announce the launch of the European inbound product, an
integral part of our 3 year strategy. With additional services also being
launched shortly, the new funding will provide the necessary resources to allow
us to take the Company to its next stage of growth"

Enquiries:

Business Direct Group plc                                          01788-821 200
  Paul Carvell (Chief Executive)

JM Finn & Co Ltd                                                   020-7600 1658
  Geoff Nash/Sam Smith

Bankside Consultants Limited
  Charles Ponsonby                                                 020-7367 8851



Notes for editors:

Business Direct is a specialist provider of logistics solutions for the field
services engineer market. It has two Divisions. The In-Night Division comprises
the ParcelXchange intelligent locker distribution system, direct engineer
delivery ("in-boot") and direct vendor trunking/delivery to forward stock
locations, providing logistics solutions for the final mile delivery. The
Specialist Division's principal services are same-day delivery, two-man delivery
and technical delivery.

Business Direct owns a national network of award-winning ParcelXchanges,
providing a secure deposit and collection environment, using sophisticated ATM
technology with end-to-end track-and-trace. Over 300 ParcelXchanges, equating to
over 4,000 individual lockers, are currently installed around the UK, largely at
petrol stations and supermarkets.




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