Acquisition

ADVFN.COM PLC
12 February 2003

                                                                    NEWS RELEASE

ADVFN.COM PLC

Embargoed Until 9.00am Wednesday 12th Feb 2003

ADVFN plc Buys the EO System, Customer Database and Domain Names

London, 12th February 2003:  ADVFN is pleased to announce that it has acquired
the EO system, customer database and domain names including eo.com, eo.net and
eo.co.uk. The acquisition was made for £150,000 in equity of ADVFN issued at the
11th February 2003 mid-market price of 1.375p.  Application will be made for
these shares to be admitted to trading on the Alternative Investment Market.

EO was Europe's leading on-line distribution platform for public equity
offerings.

The EO system is designed to allow anyone to apply for new issues of shares
during an IPO via a fully online process. It allows investors to view investment
opportunities, apply for shares, pay and have their investments confirmed in an
end-to-end electronic process.

Private investors have often been excluded from new issues and private
placements. Their value to issuers and issuing banks has consequently been left
unrealised. EO, with the help of modern technology provides a cost-effective
platform to bring this high value investor base and the high value issuing
market together.

Since the start of market downturn in 2000 the market in IPO's has all but
disappeared.  EO as a company has therefore been closed.

However ADVFN has seized the opportunity to acquire the EO platform, customer
list and IP assets to hold them for more benign market conditions. Millions have
been spent building the EO platform, but the depth of the downturn in IPO's has
enabled ADVFN to purchase it for a fraction of its cost.

Clement Chambers ADVFN Managing Director said, 'If EO had been launched at
practically any other time it would have enjoyed a robust market for IPO's and
flourished. That it went live at the worst possible moment has given us the
opportunity acquire this platform and preserve it for the return of better
times.'

ADVFN plans to maintain the platform and reintroduce it when the IPO market
returns.

Clem Chambers added, 'We do not profess to know when an IPO market will return,
but we do know that we will have a tried and tested platform when it does. At
that point it is our intent to provide a 'White Label' online IPO solution to
the industry as a whole.'



NOTES FOR THE EDITOR

For extra information please contact:

Clement Chambers
0207 0700 948
[e-mail]
He is ADVFN's CEO and is always happy to explain what the company is up to.

ADVFN was established in the last quarter of 1999, floated on AIM in March 2000
and now has over 200,000 registered users.

We currently cover the following area in the UK and America:

• Free real-time prices from the London Stock Exchange
• LIFFE
• NASDAQ
• NYSE
• AMEX
• Level 2 data
• Comprehensive fundamental data
• Streaming stock charts, historic and intra-day
• Portfolios
• RNS and AFX news
• UK's busiest financial bulletin boards
• Historical data downloads
• Stock monitors and filters
• Covered Warrants
• Leading BB's


Contact:
Michael Hodges
0207 0700 946
[e-mail]

- or -

Francesca De Franco
0207 0700 932
[e-mail]


ADVFN PLC
26 Throgmorton Street
London EC2N 2AN

Tel:[phone]


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