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Viglen buys stake in schools Web site

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Viglen has bought a 49 per cent stake in Pedagag limited, owner of @School (atschool.co.uk), an on-line internet based content resource which enables primary school children to "surf the Internet in safety and provides help with homework, school projects and tests".

Viglen is buying the stake through its VigEcom educational IT subsidiary, and it is paying £400,000, consisting of £221,000 of equity investment and £179,000 of convertible debt . @School is accredited by the DfEE.

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