Cash gift for cyber cards

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The Independent Online
CYBERCARD, the internet printer of bespoke greeting cards, has received a Christmas present in the form of pounds 300,000 in cash and services to accelerate its business, writes Melanie Bien. Business angels Jonathan Armour and Eric Jones predict that their management buy-in will propel Cybercard's turnover to pounds 60m and its profits to pounds 10m within five years.

"I see Cybercard as an outstanding opportunity," says Mr Armour. "It combines two lots of technical change - the internet and digital printing - in order to provide a unique product and service. The world greeting cards market will be worth pounds 15bn by 2005, so a mere 0.4 per cent market share would give Cybercard sales of pounds 60m."

It is a welcome end to a year in which Cybercard won the Cambridgeshire Small Business award for Best New Business Concept. The cyber greeting card is a godsend for those who only remember birthdays and anniversaries after they have missed the last post. It is tailored to individual needs and emailed straight to the desktop of a loved one.