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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Argentvive | LSE:ARGV | London | Ordinary Share | GB00B2425T97 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0752J Argentvive PLC 04 December 2007 ARGENTVIVE PLC RETAIL8 SIGNS AGREEMENT TO DEVELOP SOCIAL NETWORK PLATFORM ArgentVive plc ("ArgentVive" or the "Company"), the e-commerce group, is pleased to announce that its Retail8 Consumer Division has entered into a development agreement with Redberry Digital Ltd ("Redberry"). The venture will advance the Company's newly launched search tool BookRabbit, into a new book buying and social network hybrid that will provide increased functionality and additional features. Under the terms of the agreement Redberry will provide Retail8 with design and build services in return for a project fee and a share of the sales revenue generated through the BookRabbit 2.0 site. The current version of BookRabbit offers a unique search and location service for users to enable them to find their local bookshop using a mobile web browser, such as an iPhone. The new web 2.0 version is expected to be launched during mid-2008, with a number of additional features designed to meet the needs of the prolific book buyer, a retail market worth some #550 million a year. Retail8 have chosen Redberry as its development partner due to its impressive track record across web publishing, mobile design and eCommerce solutions. Redberry's clients include Universal Pictures International, Working Title Films and Discovery (Channel). Management appointments The Company is also pleased to announce that it has also made two further key managerial appointments at Retail8. Will Jones joins Retail8 as IT Director from Waterstone's Booksellers where he worked as eCommerce IT Solutions Manager responsible for the development of Waterstone's website since launch. Previously Will was at IT and business consultancy Conchango, working with various clients including Boots, Harrods and Associated Newspapers. He also worked at John Lewis, where he was part of the team that integrated and developed the johnlewis.com operation following the purchase of the UK division of buy.com. Kwen Wan has joined from GAME stores group, a leading European specialist video games retailer, where he was lead designer for online. Prior to this, he worked for the world renowned Philips Design. Kieron Smith, Managing Director of Retail8, said: "We are targeting a book selling market worth #550 million which is not being engaged with or adequately serviced. Our aim is to secure a significant market share by meeting the more demanding needs of prolific book buyers who, like us, have a passion for books. We have chosen Redberry as our joint venture partner due to their enthusiasm for challenging the conventional, their impressive portfolio and their track record. We believe that they have the skill set required to develop something exceptional." www.retail8.com Speaking of the deal, Tim Redgate of Redberry Digital said "We're absolutely delighted to be involved in the development of this ground-breaking service. The BookRabbit 2.0 experience will be unique in the market and we are confident that the combined skills and experience of Retail8 and Redberry will deliver a meaningful and profitable solution in today's online space." www.redberrydigital.com 3 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 Redberry Digital Ltd Tel: 01491 413 333 Tim Redgate/Simon Redgate This information is provided by RNS The company news service from the London Stock Exchange END JVETJBPTMMMMBJR
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