RNS Number:9954G
Argentvive PLC
05 November 2007

                                 ARGENTVIVE PLC
                         ("ArgentVive" or "the Group")


                                  Acquisition



ArgentVive plc, the e-commerce group, is pleased to announce the acquisition of
the entire issued share capital of Advance Warning Limited ("Advance Warning"),
a social networking development company, for a total maximum consideration of
#450,000.



Advance Warning is a social networking software engine that allows groups of
friends to create communities around events within the film and music markets.
Advance Warning licences its proprietary software to third party businesses for
which it charges an initial licence fee and ongoing hosting fees. It recently
secured a licence with film channel, Britfilms.tv, and is currently in final
negotiations for a further license.



Advance Warning was established in August 2006 by a group of entrepreneurs who
have been involved in the development of social networking sites since 1998. The
management team, comprising CEO Penny Nagle and Chief Technology Officer Stu
Tilly, will remain with Advance Warning following completion.



The consideration is to be satisfied by an initial payment of #300,000 by the
issue of 616,016 new ArgentVive ordinary shares (the "New Shares"), representing
2.26 per cent. of the enlarged share capital. Additional consideration of up to
a further #150,000 will be paid, should Advance Warning satisfy earn out
conditions linked to contract value, profits and cash burn in the period to 30
April 2009. Any additional consideration will also be satisfied by the issue of
further new ordinary shares up to a maximum of 308,008 new ordinary shares.


The New Shares will rank parri passu with the existing issued ordinary shares. 
Application has been made for the New Shares to be admitted to trading on AIM
and dealings are expected on 9 November 2007.Upon completion of the acquisition
the number of shares in issue will be 27,316,016.



Kevin Fleming, Finance Director of ArgentVive, said:



"Our ambition to become a leading e-commerce group continues with our second
strategic acquisition. The Directors believe that there is significant potential
in niche social networking applications and we see, in Advance Warning, a
commercially attractive proposition as a result of its robust software combined
with great design and user functionality."



Penny Nagle, CEO of Advance Warning, commented:



"We are very excited to be part of the ambitious growth plans of ArgentVive. We
aim to capitalise on the demand from businesses to expand their web offering to
include social software and we believe we have a potentially market leading
application. "



                                                                 5 November 2007

Enquiries:

ArgentVive plc                                 Tel:  01932 569 912
Kevin Fleming, Finance Director

Charles Stanley Securities                     Tel:  020 7149 6000
Nominated Adviser and Joint Broker
Russell Cook / Carl Holmes

IAF Securities                                 Tel:  020 7747 7400
Joint Broker
Gary Pinkerton

College Hill                                   Tel:  020 7457 2020
Mark Garraway/Kate Pope




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

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