Acquisition

ADVFN.COM PLC
30 July 2001


FOR IMMEDIATE RELEASE                              30 July 2001


   ADVFN acquires UK-Invest.com, signs partnership agreement with Freeserve
               and raises £700,000 cash by issue of new  shares


ADVFN.COM PLC (LSE: AFN), one of the UK's leading providers of financial
information, announces the acquisition of UK-invest.com, a website providing
stock and investment information, from the  Globalnet Financial.com Inc Group
(Nasdaq: GLBN; LSE: GLFA), for a total consideration of £800,000, which will be
satisfied by the issue of 20,000,000 new ordinary shares in ADVFN.

The principal assets that ADVFN will acquire include: domain names, intellectual
property and its customer list, but will exclude existing or ongoing
liabilities. ADVFN will consolidate this business within its existing framework
and will not materially increase its ongoing costs.

In addition Globalnet are subscribing for a further 17,500,000 new ordinary
shares in ADVFN for a cash consideration of £700,000. Application is being made
for the shares to be admitted to trading on AIM with admission becoming
effective, on 31st July 2001

The resulting shareholding of Globalnet Financial.com Inc following this
transaction will be 40,500,000 or 14.06% of the enlarged issued share capital
(288,004,323).


ADVFN has also signed a content partnership with Freeserve, the UK's largest
internet business, and will provide financial news and share price data to their
portal.  Freeserve currently has approximately 2.1 million active registered
accounts, 4.5 million unique users and as of February 2001 recorded 297 million
page impressions

The acquisition by ADVFN of the UK-Invest brand, its website and its 172,000
registered users will ensure ADVFN's continued high profile in this market. The
acquisition together with the Freeserve partnership will enable ADVFN to
increase its paying subscriber base and establish significant advertising
opportunities.

Michael Boydell, Managing Director, ADVFN.com Plc said:

'We are delighted to announce this acquisition and our partnership agreement
with Freeserve.  UK- Invest has till now been one of our competitors in the
market, and we are confident that now it is part of ADVFN we will be able to
offer a deeper and more timely offering to its 172,000 registered users.

The partnership with Freeserve, the UK's leading Internet business, further
establishes ADVFN as one of the key players in the internet marketplace. We
expect that working with Freeserve,  will ensure that we are well positioned to
maximise subscription, advertising and e-commerce revenues.

We are able to service this new business using ADVFN's existing staff and
resources, which will ensure that we continue to establish business and brands
in a cost effective manner.'



Jon Gisby, Freeserve Managing Director of Portals said:


'With their high profile and standing in the private investor world, Freeserve
is delighted to add ADVFN to its list of high profile content partners.'


For further information please contact:

Advfn.com Plc                                             020 7070 0947
Michael Boydell, Managing Director,

Buchanan Communications                                   020 7466 5000
Jeremy Garcia

Freeserve                                                 0207 553 4994
Nadia Schofield


Notes to Editors:

About ADVFN (www.advfn.com)

ADVFN is a leading provider of professional quality shares data to private
investors from its web sites at www.advfn.com, www.advfn.fr, its WAP services
(http://mobile.advfn.com/wap/) and its interactive television channels with
Telewest. The company also provides investment education services through its
subsidiary, Success Events Limited (www.success-events.com).

Since going live in the last quarter of 1999, ADVFN has quickly become a leader
in its market and recently announced that its web site had achieved over 40
million page impressions a month. Its rapidly growing user base has one of the
highest demographics of any media.

ADVFN floated on AIM in March 2000.

ADVFN has a strategy of international expansion and recently launched its French
web site at www.advfn.fr.

Its recently formed B2B division covering Investor Relations solutions, client
competitor aware products, fundamental data and co-branded products can now be
seen on high profile web sites including Orange, Friends Provident, Libertysurf,
and Accountancy Age.

ADVFN's American subsidiary, 3DV8 inc. recently launched its proprietary 3D
visual data mining application throughout North America and into  UK. (for more
details  visit www.3DV8.com).

About Freeserve (www.freeserve.com)

Freeserve is the leading Internet portal with an integrated offering of
UK-focused content, e-commerce and services and free Internet access.  Freeserve
has approximately 2.1 million active registered accounts, 4.5 million unique
users and in February 2001 recorded 297 million monthly page impressions.

Freeserve is part of Wanadoo SA, a leading European online media and services
company which has as its major shareholder France Telecom, one of the world's
leading telecommunications companies. Wanadoo SA has operations in France,
Belgium,, Morocco, Spain,  the Netherlands and Algeria. Including Freeserve,
Wanadoo S.A has 4.8 million active registered users of its access services, over
9 million unique users of its portals and approximately 1 billion monthly page
views.

Freeserve was launched in September 1998 as part of Dixons, Europe's leading
consumer electronics retailer. Dixons Group remains a shareholder in Wanadoo S.A
and Freeserve distributes its access software in the UK through Dixons' network
of over 1,000 Dixons, Currys, PC World and The Link stores.