RETAIL8 DIVISION LAUNCHES BETA BOOKRABBIT

19 March 2008

ArgentVive plc, the e-commerce group, today announces that its consumer division, Retail8 has launched the beta version of its new online bookshop that marries social networking with an eCommerce platform, www.bookrabbit.com. The launch will be initially to the book trade industry with a consumer launch to follow thereafter.

BookRabbit aims to differentiate itself from other online booksellers through the use of technology to enable users to interactively engage with authors, publishers and other readers through social networking. Site features will include shared virtual bookshelves and video interviews with authors. Users will also be able to create and edit their own book categories to create a more relevant, current book catalogue for all users with an ultimate aim to create a "Wiki-commerce" environment.

BookRabbit is offering same-day dispatch through its supply chain on a significant number of titles bought through its website. It also allows Independent Book Retailers to upload their inventory to the BookRabbit website which will help participating retailers increase market share and establish an internet presence without needing to invest in developing their own web portal.

"Kieron Smith, Managing Director, Retail8 commented: "BookRabbit is a fresh and creative approach to online book selling. Our service is about making connections - between readers, books, authors, publishers and Independent Book Retailers. We have a simple aim - to claim back book selling and book buying, enabling readers to discover the right books for them."

Enquiries:

ArgentVive plc:

Kevin Fleming, Finance Director Tel: 01932 460 101

College Hill:

Mark Garraway/Kate Rock Tel: 020 7457 2020