The ECB and the Board of InterClubNet plc (ICN) announces the signing of a £675,000 Services Agreement between Play-Sport New Media Limited, a 100% subsidiary of ICN, ("PSNM") and the England and Wales Cricket Board Limited.

This New Agreement replaces the minimum 3-year agreement signed with the ECB on September 1st 2000, where the Company would develop, operate and maintain an internet portal for recreational cricket under the URL www.play-cricket.com (the "ECB Cricket Network") in return for the promotion and endorsement of the ECB Cricket Network by the ECB.

PSNM has now completed development of the ECB Cricket Network. Under the New Agreement the software for the ECB Cricket Network transfers to the ECB, and the ECB take on responsibility for maintaining and operating the ECB Cricket Network. PSNM will provide limited consultancy advice to the ECB until June 2006 during which time the £675,000 will be paid.

The ICN Board considers this New Agreement a sensible move given the uncertainty over sponsorship revenues in the sector.

Terry Blake, the ECB's Commercial Director, said: "We are delighted to be acquiring the ownership rights of the Play-Cricket.com site. Play-Cricket.com is proving to be a tremendously valuable resource for many recreational cricket clubs, and the ECB is fully committed to developing the site and its business potential."

© ECB