AuctionAssist Signs Agreement with Amazon

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ArgentVive plc is today delighted to announce that AuctionAssist Limited, the company that it acquired on 9 October 2007, has signed an agreement with Amazon to join its "Merchant @" programme.

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ArgentVive is delighted that AuctionAssist has joined the Merchant @ programme as a trusted retailer on the Amazon platform. It recognises the company's ability to deliver exceptional service despite extremely competitive pricing. We believe that the Amazon sales channel represents an excellent opportunity for the company to drive sales to a new customer base.

ArgentVive plc is today delighted to announce that AuctionAssist Limited, the company that it acquired on 9 October 2007, has signed an agreement with Amazon to join its "Merchant @" programme.

Amazon's "Merchant @" programme is by invitation only to select and trusted retailers. In establishing this agreement AuctionAssist has the capacity to fully exploit Amazon as a key sales channel with a customer base of over 70 million active accounts worldwide.

As a seller on the Merchant@ platform AuctionAssist will have access to increased functionality enabling them to maximise sales including an Amazon branded store front and the ability to add new products to the Amazon catalogue.

AuctionAssist has already quickly established itself as one of eBay's largest sellers of electrical items and is now seen as a key online merchant. Amazon has seen exceptional growth in its sale of electrical items and this agreement will enable AuctionAssist to increase sales with current relationships.

Sieng Van Tran, CEO of AuctionAssist Limited, commented: "Amazon is a highly respected sales channel that has seen significant growth in its consumer electrics category. Our leading-edge white glove fulfillment service fits well with the customer service expectations of Amazon's customer base. We look forward to providing Amazon users with products at exceptional prices and fulfillment which fits in perfectly with Amazon's three pillars of price, convenience, and selection."

Commenting on the agreement, Kevin Fleming Group Finance Director of ArgentVive plc: "ArgentVive is delighted that AuctionAssist has joined the Merchant @ programme as a trusted retailer on the Amazon platform. It recognises the company's ability to deliver exceptional service despite extremely competitive pricing. We believe that the Amazon sales channel represents an excellent opportunity for the company to drive sales to a new customer base."

22 October 2007
Enquiries:

ArgentVive plc
Kevin Fleming, Finance Director    Tel: 01932 569 912
College Hill
Mark Garraway/Kate Pope    Tel: 020 7457 2020

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