ONL On-Line

RNS Number:7257X
ADVFN PLC
01 February 2006


News release

1st February, 2006


ADVFN PLC acquires Equity Holdings Limited


ADVFN PLC is pleased to announce that it has completed the acquisition of Equity
Holdings Limited (EH) for an aggregate consideration of up to #1,500,000 to be
satisfied by an initial payment of #500,000 at completion in cash and ADVFN PLC
new ordinary shares, plus a deferred consideration set by reference to the
turnover of EH in the three financial years ending 30 June 2008. We have also
received FSA approval for the change of control of the board of Equity Holdings
Limited. Application has been made for 7,488,108 new Ordinary Shares to be
admitted to trading on AIM and it is anticipated that dealings shall commence on
6th February 2006.



The deferred payments are based on turnover milestones being achieved for the
years ending June 06, 07 and 08. These payments are in a range from nil to
#332,000 a year and will become payable through the issue of Ordinary Shares in
ADVFN PLC, depending upon the achievement of business goals by Equity Holdings
for the years ending June 06, 07 and 08.



Equity Holdings Limited is the owner of the well known research brand Equity
Development which is the City's leading regulated provider of company sponsored
research. It has produced analysis on well over 100 companies ranging in size
from established 'giants', such as BP, to young companies embarking on a quoted
existence via Ofex. ED has just helped a resources client raise #30m from
institutions in the UK.



Brian Basham, Chairman of Equity Holdings Limited and founder of the company in
1997, said: "This is an opportunity to take EH onto the next stage of its
development. Pioneering change is never easy, but when it works, it is hugely
satisfying. We are pleased to have demonstrated that there is a place in the
complex world of the City for company-sponsored research that sets out to
explain companies in depth and detail. The challenge has been to stick to our
guns and remain objective. Institutional acceptance is the best demonstration of
our success. ADVFN are proven leaders in their own field of expertise and will
be excellent partners to work with us in expanding on the reputation we have
nurtured for our clients' benefit."



Clem Chambers, CEO of ADVFN said: "The Equity Development brand and product will
be a great addition to the ADVFN stable of content. The private investor can
never have too much quality research and with the plethora of companies on the
market there has never been a more pressing need for companies to be covered by
incisive analysis. We look forward to increasing the reach of Equity Holdings'
work and expect everyone; ADVFN users, investors and listed companies to
benefit."



- Ends -



NOTES TO EDITORS



For further press information, please contact: Francesca De Franco on 020 7070
0932 E-mail francescad@advfn.com



About ADVFN



ADVFN (www.advfn.com) is Europe's number one stocks and shares Web site. With

full real-time coverage of the London Stock Exchange, the euronext-liffe, OFEX,
NASDAQ, Amex and NYSE, including FTSE, Dow and S&P indices, ADVFN provides
professional quality information to the person on the street.



ADVFN was established in the last quarter of 1999 and floated on AIM in March

2000. It now has over 650,000 registered users who generate in excess of 38
million page impressions a month.



We currently cover the following areas in the UK, France and America:



* Free real-time prices from the London Stock Exchange

* EURONEXT-LIFFE

* EURONEXT - Paris, Brussels and Amsterdam

* NASDAQ

* NYSE

* AMEX

* CBOT

* OFEX

* FOREX

* GTIS FOREX

* NYMEX

* COMEX

* Chicago Mercantile Exchange (CME)

* Kansas Board of Trade

* OneChicago

* Russian stocks and indices

* Canadian stocks, indices, options and derivatives

* German stocks and indices - Xetra

* Irish stocks and indices

* Mexican Exchange

* Chilean Exchange

* Greek stocks and indices

* Singapore stocks and indices

* Helsinki Stock Exchange

* Stockholm Stock Exchange

* Copenhagen Stock Exchange

* Warsaw Stock Exchange

* Swiss Indices

* Johannesburg Stock Exchange and indices

* Level 2 data

* Comprehensive fundamental data

* Streaming stock charts, historic and intraday

* CREST stock loan data

* Portfolios

* RNS and AFX news

* UK's busiest financial bulletin boards

* Historical data downloads

* Stock monitors and filters

* Covered Warrants

* Trading signals

* Investor Relations Web site solutions

* PDA service

* SMS stock quote service

* Headlines - news headline and archive search


For more information please contact:


Clement Chambers
CEO, ADVFN Plc
020 7070 0948
clemc@advfn.com


Francesca de Franco
PR, ADVFN Plc
020 7070 0932
francescad@advfn.com






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