STRATEGIC PARTNERSHIP WITH IFORCE LIMITED

18 December 2007

ARGENTVIVE PLC

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."

                                                        
Enquiries:

ArgentVive plc                                               Tel:  01932 460 101
Kevin Fleming, Finance Director

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