CAPT Capital Ideas

RNS Number:1625J
Capital Ideas PLC
19 September 2006



Capital Ideas plc ("Capital Ideas" or the "Company")
Portfolio Update



The board of Capital Ideas is pleased to announce that one of the companies
within its investment portfolio, B Fresh Limited, ("B Fresh") has been acquired
by Consolidated Vending plc ("Consolidated Vending") for a consideration of
#1.5m to be satisfied by the issue of 50,000,000 ordinary shares of 0.1p each at
3p per share in Consolidated Vending (the "Consideration Shares").



B Fresh is a niche business, specialising in the placement and management of
vending machines.  B Fresh operates over 500 machines dispensing miniature
toiletries in health clubs and budget hotels.  The company benefits from
contracts with a number of blue chip customers including Fitness First Clubs
Limited and David Lloyd Leisure.



Consolidated Vending was formed earlier this year to make acquisitions in the
vending machine market. In addition to the acquisition of B Fresh, Consolidated
Vending has also acquired Snap Digital Imaging Limited, the second largest
photo-booth operator in Europe, after Photo-Me International plc. Consolidated
Vending plc intends to seek admission to trading on AIM in due course where it
will continue to seek growth by acquisition.



Capital Ideas invested #30,000 in B Fresh on 25 November 2005 by way of a
convertible loan. Under the terms of the acquisition of B Fresh by Consolidated
Vending, the convertible loan, together with 1 ordinary share in B Fresh which
was allotted to Capital Ideas as commission upon making the convertible loan to
B Fresh in November 2005, has been converted into 2,834,483 Consideration
Shares, which represents 1.77% of Consolidated Vending's issued ordinary share
capital.



In addition, under the original terms of the convertible loan agreement the
Company received a one off interest payment of #5,000.



The interest payment, taken together with the Consideration Shares received,
imply a return in excess of #90,000, or over 200%, on the convertible loan
investment by the Company.



In accordance with the Company's strategy, Capital Ideas intends to dispose of
its entire interest in Consolidated Vending once its shares have been admitted
to trading on AIM.



Renwick Haddow, a director of the Company, is interested, in aggregate, in
82,594,089 ordinary shares of Consolidated Vending, which represents 51.58% of
Consolidated Vending's issued ordinary share capital.  Renwick Haddow is classed
as a Related Party under the AIM Rules.



The directors of the Company, with the exception of Renwick Haddow, consider,
having consulted with WH Ireland Limited the Company's nominated adviser, that
the terms of the transaction are fair and reasonable insofar as its shareholders
are concerned.



For further information please contact:



Renwick Haddow, Capital Ideas plc                 Tel: 0207 623 3345
David Youngman, WH Ireland Limited                Tel: 0161 832 2174




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