WYT Wyatt Group

RNS Number:0446N
Wyatt Group PLC
01 February 2008

Wyatt Group Plc - Disposal of Risksmart



Wyatt Group Plc ("Wyatt") announced on 21 December 2007 that it was reviewing
its position regarding one of its operating subsidiaries, Risksmart Limited ("
Risksmart").  Risksmart provides on-line fire risk assessment solutions for
small and medium sized businesses.  The most recently audited report and
accounts, covering the 12 months to 31 March 2007, show Risksmart making a loss
before tax of �70,038 on sales of �1,160,325 and having net liabilities of
�1,344,905.



Wyatt is pleased to announce that it has now reached agreement with the existing
management team of Risksmart whereby the trade and selected assets of the
business will be sold to Risksmart Services Limited, a company owned and run by
them ("the Transaction").



Wyatt will retain all other assets including the intellectual property rights
for the 3 main website products: Firesmart, Health & Safety Smart and Business
Smart.  These products will be licensed back to Risksmart Services Limited who
will be responsible for the websites hosting and development costs and will pay
Wyatt a commission per sale.  Wyatt is currently assessing a number of options
to generate further revenues in connection with the website IP and hopes to
release further announcements on this in due course.



The consideration for the Transaction is �1.00 (one pound) payable at
completion, and the assumption of certain purchaser liabilities, including
commission payments totaling approximately �70,000 and in relation to the
occupation of the premises from which the business trades.



Peter Wilson, who is a director of Riskmart Limited, is a member of the existing
management team and therefore the Transaction is classified under the AIM Rules
as a related party transaction.  The Directors of Wyatt having consulted with
their nominated adviser, Blue Oar Securities Plc, consider that the terms of
this transaction are fair and reasonable insofar as the Company's shareholders
are concerned.



Bob Holt, Chairman of Wyatt said:



"This arrangement draws a line under our investment in Risksmart and allows us
to concentrate on building the group around the success of PES, our employment
services business."




Enquiries:

Wyatt Group PLC                                       www.wyattgroup.co.uk
Bob Holt, Chairman                                    07778 798 816
David Curtis, Finance Director                        0845 450 9110

Blue Oar Securities Plc                               www.blueoarsecurities.co.uk
John Wakefield / Marc Davies                          0117 933 0020






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