TVC TV Commerce

RNS Number:0887S
TV Commerce Holdings PLC
28 February 2007







                            TV Commerce Holdings PLC

                        ("TV Commerce" or the "Company")



                           Closure of TV Commerce Ltd



Further to the announcement on 24 November 2006, the Board has concluded that
changes in the regulatory regime in which the Company's trading subsidiary, TV
Commerce Ltd, operates are unlikely to ease in the foreseeable future.



In view of this, the Board has decided that it is in Shareholders' best
interests to close the operation of TV Commerce Ltd with effect from today and
to repay any surplus cash to the Company.  Accordingly, an initial repayment of
an amount of #350,000 was completed on 14th February 2007 and any further cash,
after allowance for the cost of closure, will be similarly repaid by the end of
April 2007.



Following the closure of the business of TV Commerce Ltd, both Chelsey Baker and
Dean Wright will resign from the board and the Board would like to thank them
for their contribution to the company since its flotation in February 2005.



Andrew Mintern and Vince Stanzione will remain as directors of the Company to
finalise and oversee plans to return any cash retained by the Company to
shareholders as soon as practicable.



The Board anticipates that it will be in a position to update Shareholders on
progress in this regard by the time of the publication of the Group's annual
report and financial statement for the year ended 31 December 2006, in April
2007.



For further enquiries



Vince Stanzione                     019 0833 0747
TV Commerce Holdings Plc



John De Pasquale                    020 7107 8000
Seymour Pierce



Alan Piper                          020 7436 7486
First City Financial Ltd



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

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