ARGV Argentvive

RNS Number:1252K
Argentvive PLC
18 December 2007

                                 ARGENTVIVE PLC

                   STRATEGIC PARTNERSHIP WITH IFORCE LIMITED

ArgentVive plc ("ArgentVive" or the "Company") is delighted to announce that
AuctionAssist Limited ("AuctionAssist"), its multi-channel market maker for
white and brown goods, has entered into a strategic partnership with iForce
Limited ("iForce"), a specialist return goods processing company. Under the
terms of the agreement AuctionAssistTM will provide an onward sales and
auctioning solution for iForceTM and in return iForceTM will become
AuctionAssist's preferred supplier for reverse logistics.

With increasing competition in the retail sector leading to reduced prices,
together with the legislative challenges brought about by the Distance Selling
Act and the WEEE Directive, there is a significant and growing need for an
efficient processing solution to ease working capital pressure on retailers and
to maximize the value of returned goods. This strategic partnership between
AuctionAssistTM and iForceTM will provide a market leading solution to retailers
and manufactures for dealing with returned stocks.

The iForceTM returns solution is built around a technologically advanced
streamlined processing system. iForce's software provides real time information
enabling clients to pre-plan work schedules and agree disposition routes before
the items have been received at the returns center. iForce's clients include
Tesco and House of Fraser. During peak periods iForceTM currently processes over
15,000 individual items per day.

AuctionAssistTM has developed multi-selling market making systems for disposing
of distressed stocks for maximum value. AuctionAssistTM recently achieved
"Merchant@" status on Amazon and is a leading established electrical retailer on
eBay. AuctionAssistTM is also currently developing a B2B sales channel which is
expected to be launched during 2008.

Sieng Van Tran, CEO of AuctionAssist, commented:

"iForceTM operates one of the most advanced and efficient processing systems in
the industry. We believe that the technology and experience AuctionAssistTM has
to offer will create a unique partnership that will provide significant benefits
to both parties as well as creating a reverse logistics operation that carries
significant appeal to retailers."

Commenting on the agreement, Mark Hewitt CEO of iForce:

"We have looked at partnering with various organisations and believe that
AuctionAssistTM is the most advanced. We are confident that this collaboration
will result in us being able to provide an innovative market leading solution to
our existing and future customers."

                                                                18 December 2007

Enquiries:

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

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

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




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

SALFDLLFDLBFFBK

Argentvive (LSE:ARGV)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Argentvive (LSE:ARGV)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024