ARGV Argentvive

RNS Number:4098F
Argentvive PLC
09 October 2007


9 October 2007


                                ArgentVive plc
                         ("ArgentVive" or the "Group")

     Completion of acquisition of AuctionAssist Limited ("AuctionAssist").


ArgentVive announces that, following the passing of the resolution at
yesterday's Extraordinary General Meeting, the Group has completed on the
acquisition of AuctionAssist.

AuctionAssist is a leading provider of asset value recovery solutions for
businesses, maximizing value by liquidating surplus assets direct to consumers
through a number of online market places. The Board of ArgentVive believes that,
with support and resources from ArgentVive, AuctionAssist will be able to
develop quickly from an early stage e-Commerce business to become a major
provider of technology based e-commerce solutions while at the same time
offering significant potential synergies for the Group.

Mr. Sieng Van Tran has agreed to remain as CEO of AuctionAssist following the
acquisition.

Commenting on the acquisition Kevin Fleming Finance Director stated:

"AuctionAssist, which is our first acquisition under our new strategy, is a
landmark transaction. It brings both significant potential to the Group as well
as the considerable experience of Sieng Van Tran, CEO of AuctionAssist, whose
recognised leadership in internet and technology based start-ups will play a key
role in the implementation of the new strategy across all group companies."


Enquiries:

ArgentVive plc                                           Tel:  01932 569 912
Kevin Fleming

Charles Stanley Securities                               Tel:  020 7149 6000
Nominated Adviser
Russell Cook
Carl Holmes

IAF Securities                                           Tel:  020 7747 7400
Gary Pinkerton

College Hill                                             Tel:  020 7457 2020
Mark Garraway






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