Subscription & new directors

RNS Number:8981I
Advance Visual Communications PLC
22 February 2005

                                                                22 February 2005

                       Advance Visual Communications plc

                            ('AVC' or the 'Company')

                   Subscription and appointment of directors



The Directors are pleased to announce that the Company has today agreed terms
for a subscription by Milebeach Limited, a company controlled by Stephen Barclay
and John Shaw, of #75,000 for an issue of new ordinary shares in AVC which will
represent 29.9 per cent of its enlarged issued share capital.  Milebeach has
made an immediate interest-free unsecured loan to AVC equal to the subscription
monies.




The Company has also agreed to issue an option to Milebeach Limited over new
ordinary shares which will be exercisable in whole or part to the extent that
existing options in the Company are exercised so that Milebeach Limited will be
able to maintain its percentage shareholding in AVC.  The exercise price will be
the nominal amount of the ordinary shares.



The Directors expect to despatch to shareholders as soon as practicable a
circular containing a notice of extraordinary general meeting to approve the
subscription and effect a necessary preliminary capital reorganisation; further
details regarding the subscription by Milebeach Limited will be included in that
circular.



In addition, the Company announces that Stephen Barclay and John Shaw have today
been appointed non-executive directors and that Graham Leask has resigned as a
director.  Stephen Barclay has been appointed Chairman of AVC and both Barclay
Douglas and Massoud Amiri remain as non-executive directors.



Stephen Barclay, 62, qualified as a chartered accountant with Robson Rhodes
before obtaining an MBA degree from Wharton Business School, University of
Pennsylvania in 1967.  He is currently Chairman of CFA Capital Group Plc (which
he founded in 2001 with John Shaw) and is a Governor of The London School of
Economics.  He holds no ordinary shares in the Company.



John Shaw, 55, qualified as a chartered accountant with Touche Ross & Co in
1975.  He was until recently a director of CFA Capital Group Plc (which he
founded in 2001 with Stephen Barclay).  He holds 24,250 ordinary shares in the
Company representing 0.015 per cent of the issued share capital.



Barclay Douglas commented: "I am delighted that the Company has secured
additional funding which ensures that we have adequate working capital to
implement our strategy of effecting the acquisition of a suitable business."



Stephen Barclay commented: " I am pleased to be associated with AVC for which we
are currently considering a number of potential opportunities "





Press enquiries:



Advance Visual Communications plc

Stephen Barclay
                              07767 444 114

Barclay Douglas
                              0777 182 4440



Shore Capital

Alex Borrelli
                                  020 7408 4090





Details of the directorships of Stephen Barclay and John Shaw are set out below.



Stephen John Barclay


Present directorships                                  Past directorships (last 5 years)


Templeton College (OCMS)                               The Leading Edge Holdings Limited

Merton of London Limited                               The Leading Edge (Retail) Limited

Merton & Falcon Limited                                Revelation Piccadilly Holdings plc

New Venture Capital Trust Limited                      Travel Accessories Limited

Marketing Machine Limited                              Housemasters (West London) Limited

Talisman First Venture Capital Trust Plc               City Financial Associates Limited

Clarcon Limited                                        RPH Services Limited

CFA Capital Group Plc                                  Masters Wimbledon Limited

PYV Group Limited                                      The Institute for Jewish Policy Research

Enterprise LSE Limited                                 Quadranet Plc

Raynham Freehold Company Limited                       Seymour Pierce Nominees Limited

Raynham Freehold Management Limited                    Fullflow Group Limited

Talisman House Limited                                 Investment Management Holdings Plc

Abinger Investments Limited                            Marchthistle Limited

Clink Wharf Associates Limited                         The Premier Group Limited

Haydons Limited                                        Gladstone Plc

Milebeach Limited                                      Acecharm Limited


                                                       City Financial Assets (Guernsey) Limited

                                                       Coburg Group Plc

                                                       London School of Economics and Political Science

                                                       Constellation Corporation Plc

                                                       SWP Group Plc

                                                       SWP Holdings Limited

                                                       DRC Holdings Limited

                                                       City and Investor Relations Limited

                                                       SP (PEP) Nominees Limited

                                                       Seymour Pierce Limited

                                                       Seymour Pierce Nominees Limited

                                                       Seymour Pierce Private Equity Limited

                                                       Ten Alps Communications Plc

                                                       Patersons Consulting Limited

                                                       FD Realisations Plc

                                                       Captain O.M. Watts Limited

                                                       HOT Group Plc

                                                       Mosley Street Securities Limited



Stephen Barclay was a director of Revelation Piccadilly Holdings plc and certain
of its wholly owned subsidiaries, namely: The Leading Edge Holdings Limited; The
Leading Edge (Retail) Limited; Haydons Limited; Travel Accessories Limited;
Housemasters (West London) Limited; and RPH Services Limited (together the '
Revelation Group') which went into administrative receivership in March 1999.
The directors of Revelation Piccadilly Holdings plc estimated the deficiency as
regards secured creditors of the Revelation Group to be approximately #2.9
million and unsecured creditors of the Revelation Group to total approximately
#5.5 million.  In addition, Bank of Scotland will be entitled to submit a
significant unsecured claim against each company in the Revelation Group.  The
administrative receiver's report indicates that there are no funds available for
distribution to unsecured creditors.



In addition, Stephen Barclay was a director of Cobworth Limited which went into
creditors' voluntary liquidation in 1978 with a deficit to creditors of some
#78,000.  He was a director of Clarcon Limited which went into creditors'
voluntary liquidation in August 2003 with a deficit to creditors of #975,000.
He was a director of FD Realisations plc (formerly Fish plc) in January 2002
which went into administrative receivership in July 2002.  The directors of Fish
plc estimated the deficiency as regards secured creditors to be approximately
#10.5 million and as regards unsecured creditors of approximately #3.5 million.
In addition, Barclays Bank will be entitled to submit a significant unsecured
claim against each company in the Fish Group. The administrative receiver's
report indicates that there are no funds available for distribution to unsecured
creditors.





John Richard Shaw


Present directorships                                 Past directorships (last 5 years)


Abinger Investments Limited                           City and Investor Relations Limited

Chatsford Corporate Finance Limited                   Iverna Court Freehold Limited

Dover Street VCT plc                                  Seymour Pierce Private Equity Limited

                                                      Seymour Pierce Limited

                                                      Seymour Pierce Nominees Limited

                                                      SP Nominees Limited

                                                      SP (PEP) Nominees Limited

                                                      The Seymour Pierce Venture Capital Trust PLC

                                                      Belasis Business Centre Limited

                                                      Captain OM Watts Limited

                                                      Fundamental-e Investments plc

                                                      IEQ PLC (in liquidation)

                                                      Clink Wharf Associates Limited

                                                      CFA Capital Group Plc

                                                      City Financial Associates Limited

                                                      Talisman House Limited

                                                      Galleon Nominees Limited

                                                      CFA Financial Assets (Guernsey) Limited



John Shaw resigned as a director of Scitech Medical Limited in October 1985
which was liquidated in 1986; and he was a director of Belasis Business Centre
Limited which went into administrative receivership on 31 March 1995 and was
dissolved on 13 February 2001.



No further information is required to be disclosed under the AIM Rules.


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