Agreement Signed with Amazon
October 25 2007 - 2:02AM
UK Regulatory
RNS Number:3361G
Argentvive PLC
25 October 2007
ARGENTVIVE PLC
AUCTIONASSIST SIGNS 3 YEAR AGREEMENT WITH AMAZON
ArgentVive plc (LSE:ARGV) is today delighted to announce that AuctionAssist -
the multi channel market maker - has signed a 3 year agreement with Amazon(LSE:
AZZ) to join its "Merchant @" programme.
The Amazon "Merchant @" programme is by invitation only to select retailers and
AuctionAssist users now have the capacity to fully-exploit Amazon to sell their
goods to a potential customer base of over 70 million active accounts worldwide.
"Merchant @" status provides additional functionality not available under a
standard listing, which maximises customer sales and includes an Amazon-branded
store front and the ability to sell a significantly wider range of goods than
standard retailers.
AuctionAssist, a wholly owned subsidiary of ArgentVive plc, has already quickly
established itself as one of eBay's largest sellers of electrical items and is
now seen as a key online merchant. Amazon has seen exceptional growth in its
sale of electrical items and this new deal will enable AuctionAssist to increase
sales with current relationships, as well as allowing the company to become an
Amazon sales facilitator, offering the service of a Merchant @ Amazon shop to
third parties who would not otherwise have the ability to sell on Amazon.
Commenting on the agreement, Kevin Fleming Group Finance Director of ArgentVive
plc:
"ArgentVive is delighted that AuctionAssist has achieved Merchant @ status as a
trusted retailer for the Amazon platform. It is a clear recognition of the
company's ability to deliver exceptional service despite extremely competitive
pricing. We believe that the Amazon sales channel represents an excellent
opportunity for the company to drive sales to a new customer base."
Sieng Van Tran, CEO of AuctionAssist Limited, commented:
"Amazon is a highly respected sales channel that has seen significant growth in
its consumer electrics category. Our leading-edge white glove fulfillment
service fits well with the customer service expectations of Amazon's customer
base. We look forward to providing Amazon users with products at exceptional
prices and fulfillment which fits in perfectly with Amazon's three pillars of
innovation price, convenience, and selection."
25 October 2007
Enquiries:
ArgentVive plc Tel: 01932 569 912
Kevin Fleming, Finance Director
College Hill Tel: 020 7457 2020
Mark Garraway/Kate Pope
This information is provided by RNS
The company news service from the London Stock Exchange
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