Heh! You've been peeking through my record collection haven't you Martin!
I really like It's Immaterial though my fave track of theirs was Space.
I first heard of them via a magazine on tape called SFX in the early 80's. I was so refreshing to actually hear the interviews rather than just reading them. One classic interview had Lou Reed threatening to punch the interviewer if he asked any more stupid questions!
Bands sent demos in which is where It's Immaterial and The The were first played.
A very original idea, but it folded after about two years....