1st day of dealings

RNS Number:8726T
INVU, Inc.
06 January 2004

                                                                  6 January 2004



                                   INVU, INC.



                            FIRST DAY OF DEALINGS ON

                       THE ALTERNATIVE INVESTMENT MARKET



INVU, Inc. ("INVU" or "the Company"), the document management software provider,
announces that its shares have today been admitted to trading on the Alternative
Investment Market of the London Stock Exchange ("AIM").  



At the placing price, INVU is capitalised at approximately #8 million.
35,294,118 new Common Shares have been allocated to institutions and other
investors under the placing, raising the sum of approximately #2.47 million for
the Company (net of expenses).  The newly issued shares represent approximately
37.5% of the Company's issued and to be issued Common Share capital upon
admission to trading on AIM.  Arbuthnot Securities Limited is acting as
Nominated Adviser and Broker to the Company.



Commenting on the successful fundraising and flotation, David Morgan, Chief
Executive of INVU, said:  "We see a significant opportunity for INVU to take
advantage of the growth opportunities in the document management market.  This
is particularly true in the SME market where our products' ease of use and
affordability are proving attractive to companies.  The funds raised will allow
us to continue to build our presence in this market, to expand our reseller
channel and to further develop the INVU brand."







Enquiries:



INVU                                        01604 859893
Daniel Goldman, Chairman
David Morgan, Chief Executive

Arbuthnot Securities Limited                020 7002 4600
Guy Peters

Financial Dynamics                          020 7831 3113
James Melville-Ross
Juliet Clarke



This announcement does not constitute, or form part of, any offer or invitation
to sell, allot or issue, or any solicitation of any offer to purchase or
subscribe for, any securities, nor shall it (or any part of it) or the fact of
its distribution form the basis of, or be relied upon in connection with, or act
as any inducement to enter into, any contract or commitment for securities,
which should only be made on the basis of information contained in the admission
document issued in connection with the Placing.

The Placing described in this announcement is only being made in the United
Kingdom.  This announcement does not constitute an offer to sell, or the
solicitation of an offer to buy, shares in any jurisdiction in which such offer
or solicitation is unlawful and, in particular, is not for distribution in or
into the United States, Canada, Australia, the Republic of Ireland, South Africa
or Japan or to any national, resident or citizen of the United States, Canada,
Australia, the Republic of Ireland,  South Africa or Japan.  The issuance of
securities in the Placing has not been and will not registered under the
applicable securities laws of the United States, Canada, Australia, the Republic
of Ireland, South Africa or Japan.  The distribution of this announcement in
other jurisdictions may be restricted by law and therefore persons into whose
possession this announcement comes should inform themselves about and observe
any such restriction.  Any failure to comply with these restrictions may
constitute a violation of the securities law of any such jurisdictions.



NOTES TO EDITORS



Background information on INVU



INVU develops, markets and sells software (under the brand name of INVU) for the
electronic management of all types of information and documents, such as forms,
correspondence, literature, faxes, e-mail, technical drawings, electronic files
and web pages.  INVU targets the small-to-medium size enterprise ("SME") market
and individual departments of larger organisations with a range of products
which the Directors believe strongly adhere to INVU's brand values of ease of
use, high quality and price performance.  Founded in 1997 and based in
Northampton, INVU has 26 employees and operates in the UK, Ireland and Holland.



INVU's products have been sold to over 700 customers, representing approximately
12,000 licensed users.  INVU has a proven reseller business model and has
established a network of more than 80 Value Added Resellers (VARs).



Market



The market in document storage is driven by increasing amounts of paper and
information.  In 2002 International Data Corporation estimated that the
international market for content and document management would grow to
approximately $24 billion in 2006.  Document management solutions are typically
high-priced and require complex installation and implementation, which is not
necessarily appropriate for INVU's target market, the SMEs.  The INVU Directors
believe that INVU's products offer functionality that is comparable to the most
established document and content management solutions, at a more affordable
price, which is designed specifically to target the SME market.  The Directors
believe that the Company is strongly placed to exploit the growing awareness
amongst SMEs of the value of implementing document management.



Management



*         David Morgan, CEO, founded INVU in 1997 and has 13 years of software
          industry experience

*         John Agostini, CFO, joined INVU in 1999 from Porvair plc.  John
          qualified as chartered accountant in 1984

*         Jon Halestrap, Director of Sales and Marketing, has 18 years'
          experience in the IT industry and significant reseller experience

*         Daniel Goldman, Non-executive Chairman, is Managing Director of
          Goldman Investments and Non-Executive Director of BATM Advanced 
          Communications

*         Tom Maxfield, Non-executive Director, was previously a main board
          director at Sage and Sales Director of Sage's UK business for 13 years



Reasons for the Placing and use of Proceeds



The Company has raised approximately #2.47 million net of expenses under the
placing.  These proceeds will help INVU achieve its objective of establishing
itself as a leading global supplier of information and document management
software and services by:



*         focusing on its target markets;

*         expanding and exploiting its existing distribution channels to
          increase penetration in  INVU's target markets;

*         offering and continuing to develop products that will operate on,
          and easily integrate with, a broad range of technology platforms; and

*         maintaining and adhering to its core brand values of ease of use,
          high quality and price performance.



This will be achieved by using the placing proceeds to:



*         expand INVU's sales and marketing activities and product awareness
          in the UK and the rest of Europe by increasing staffing levels;

*         extend and develop distribution channels;

*         appoint further VARs; and

*         focus on further research and development of existing and new
          products and solutions.





Placing Statistics


Placing price                                                                                            81/2p

Number of new Common Shares being placed on behalf of the Company                                   35,294,118

Number of Common Shares in issue following the placing                                              93,994,595

Market capitalisation at the placing price                                                          #8 million

Gross proceeds of the placing                                                                       #3 million

Net proceeds to be received by the Company                                                       #2.47 million

Percentage of enlarged issued Common Share capital being placed                                          37.5%

pursuant to the placing




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