Business Expansion Scheme 2007

Eneclann is offering a truly Innovative BES investment opportunity, which combines the fascinating world of historical records and archives with the latest Web 2.0 and digitisation technology. Currently the largest provider of Irish genealogical data online, Eneclann, sees huge growth potential in this market and has an ambitious expansion plan which it is seeking to fund.

Eneclann is a Trinity College Campus company operating since 1998, with a turnover in excess of €1million and a staff of 20. To date there have been three sources of investment:
· The Promoters (Brian Donovan & Fiona Fitzsimons)
· Enterprise Ireland
· Business Expansion Schemes in 2001-2.

The company now hopes to raise funds via a BES scheme to allow it to fund the company’s expansion plan.

Closing date for subscriptions is 5.30 pm on 31 December 2007

 

A Brochure outlining the scheme is available from Eneclann, contact: ph 01 6710338 or admin@eneclann.ie

 

We are holding a series of open information evenings which we invite you to attend:

 

Galway, Harbour Hotel

3rd December 2007, 8pm

 

Dublin, Bewleys Hotel, Newlands Cross

4th December 2007, 6pm - 10pm

 

Cork, Ambassador Hotel Best Western

5th December 2007, 8pm

Limerick, Marriott Hotel

10th December 2007, 8pm

 

Portlaoise, The Heritage Hotel

11th December 2007, 8pm

 

Kilkenny, Club House Hotel

12th December 2007, 8pm

 

To discuss participating in the scheme contact:

 

Eamon O' Sullivan, Chartered Accountant

O' Sullivan Associates

69 Main Street

Blackrock

Co. Dublin

Ph:01 2834123

Fax:01 2788158

info@osullivanassociates.ie

Brian Donovan

Eneclann Ltd.

Unit 1, Trinity Enterprise & Technology Campus

Pearse Street

Dublin 2

Ph: 01 6710338

Fax: 01 6710281

brian.donovan@eneclann.ie

******FEATURES OF THIS INVESTMENT******

Our vision is to develop Eneclann as a high value digital provider of heritage and historical content online.

Eneclann is an acknowledged leader and innovator in the field of historic records with a proven track record and a number of high profile clients from the state , cultural, educational and media sectors. Eneclann has the right combination of experience and skills to achieve this vision.

The market in online historical data is very active. Driven by a growth of interest in genealogical research and the possibilities offered by new web 2.0 technology, there has been a determined drive by a number of UK and US companies to acquire as assets digitised data sets, there have also been a number of high profile acquisitions in the market (eg Ancestry.com bought for $300m in 2007).

Eneclann plans to rapidly expand its digital asset ownership through exclusive agreements with Trinity College Library, the UK National Archives (Kew), the Mormon Church and other data owners.

Investing in the creation of digital assets with a non-depreciable value and capable of generating a continuous cash flow will leave Eneclann very well placed as the lead Irish company in this market.

Eneclann digital assets will have a very high potential value making Eneclann very attractive to international companies seeking to consolidate digital assets.

Eneclann is an established company trading for 10 years with a turnover in excessive of €1million per annum for the last 3 years. This is Eneclann’s 3rd round of BES fundraising offering stability and experience.

The Eneclann BES offering is a 110% return on investment after 5 years, representing an annual compound rate of 13.32% for 41% Irish tax payers.