PSP Personal Screen

RNS Number:6540J
Personal Screening PLC
11 December 2007


11th December 2007

                             PERSONAL SCREENING PLC


                                  Acquisition



Personal Screening Plc ("the Company") is pleased to announce that it has
acquired the whole issued share capital of Over50s.com Limited ("Over50s").
Over50s is a web portal most of whose members are also part of that demographic
group.



The unaudited financial statements of Over50s for the year ended 30th June 2006
show a turnover of #22,878, loss before tax of #10,562 and net liabilities of
#68,072. All  liabilities have been converted to equity before the purchase.



The total consideration for the acquisition of Over50s was #103,483 made up as
to #5,000 in cash and #98,483 by the issue to the vendors of  19,696,600
ordinary shares in the Company at 0.5p per share, representing 6.35% of the
enlarged issued share capital of the Company. Application is being made for the
consideration shares to be admitted to AIM and trading in such shares is
expected to commence on 17th December 2007.



Commenting on the acquisition, Michael Scorey, Chairman of Personal Screening
Plc, said: "Over50s is a sophisticated and targeted web site which has, to date,
been largely unexploited. Most of Personal Screening Plc's existing sales of
self test medical kits are made to consumers aged over 50 and the Company has,
for some time, been seeking an internet marketing capability which would enable
it to capitalise on this fact. The Over50s portal will enable us to sell not
only medical kits but also a wider range of health and lifestyle products to
this rapidly growing sector. Consumers who are aged 50 and over are already
estimated to account for some 40 per cent of UK discretionary expenditure and
this figure is forecast to rise significantly in future years."



Geoff Ellis, the Managing Director of Over50s said: "We are delighted to have
become part of the Personal Screening Plc group whose range of  existing
products and contacts with a large number of suppliers of other health and
lifestyle goods and services are exactly what Over50s now needs in order to be
able to exploit the portal which it has created. This is an exciting time to be
working in this sector. By 2020 more than half of the UK population will be over
50 and most of these potential consumers are already well established web users.
More than 58% of them have broadband and many spend as much as 14 hours a week
on line. The over 50s will be the one of the main driving forces behind
e-commerce growth in  years to come."




Personal Screening plc
Michael Scorey, Chairman                                           01384 352 717
michaelscorey@perscreen.com


Nominated Adviser - Nabarro Wells & Co. Limited
Marc Cramsie                                                       020 7710 7400



Adventis Financial PR
Chris Steele                                                       020 7034 4759










                      This information is provided by RNS
            The company news service from the London Stock Exchange
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