AVD Avid Holdings

    AVID HOLDINGS PLC ("AVID OR THE "COMPANY")                    

                            NEW PRODUCT DEVELOPMENT                            
                                      AND                                      
          PLACING OF 40 MILLION NEW ORDINARY SHARES AT 0.5P PER SHARE          

Avid Holdings Plc, is pleased to announce that through its wholly owned
subsidiary, Electro-mec (Reading) Limited, it has reached the final development
stages for its innovative new product electropac(tm) - an automated in-pharmacy
dispenser for daily packed drugs required by the elderly.

Currently, the dispensing of monthly drugs for elderly patients requires
pharmacists to fill plastic packs by hand, representing unnecessary costs for
pharmacies as well as increasing the likelihood of human error. electropac(tm)
uses innovative technology that enables the fully automated filling of elderly
patient dose packs in the pharmacy. The equipment has been designed to handle a
full range of formulated drugs including tablets, capsules, caplets and gels in
varying shapes and sizes. In addition to this, Electro-mec's existing vibration
tray technology has been adapted to allow each drug configuration to feed
individually through seven channels into each day's unit tray.

Testing and pharmacist trials are expected to be complete by the end of April,
2008 and UK patent protection has been applied for.

The Board is also pleased to announce the Company has today placed 40 million
ordinary shares of 0.5p each at 0.5p per share, raising �194,000 (net of
expenses) for the Company. The placing was undertaken by Newland Stockbrokers
Limited, who have recently been appointed broker to the Company. The funds
raised will be used to defray some of the development costs of electropac(tm) and
for working capital.

David Walton Masters, a director of the Company, has subscribed for 1,100,000
ordinary shares under the placing at 0.5p per share. Following the placing
David Walton Masters will be interested in 1,100,000 ordinary shares
representing 0.26 per cent. of the enlarged issued share capital of the
Company.

An application has been made for these new Ordinary Shares to be admitted to
trading on AIM and dealings are expected to commence on 10 December 2007. The
new Ordinary Shares will rank pari passu with the existing Ordinary Shares in
issue.

Following the placing the issued share capital of the Company is 415,666,665
ordinary shares of 0.5 pence per share.

Contact:-

Avid Holdings plc
Jonathan Bobbett - Chief Executive
Tel: 01622 872 022

http://www.avidholdings.co.uk

Nominated Adviser to Avid
City Financial Associates Limited
Ross Andrews
Tel: 020 7492 4777

Broker to Avid
Newland Stockbrokers Limited
Stephen Goschalk
Tel: 020 7290 2400

Electro-mec was established in 1969 as a precision engineering contractor. The
initial focus was on the repair and refurbishment of blister pack tooling.
Subsequently the company used the knowledge and experience gained in the sector
to expand its offering to include the manufacture of complete tooling set
solutions.

Growing demand resulted in the establishment of a dedicated engineering
department to handle all blister tooling requirements, which in turn led to the
development and launch of the company's pioneering EMF range of tablet and
caplet feeders.

Electro-mec (Reading) Ltd. was acquired by Avid Holdings Plc in March 2007.
Avid Holdings is an AIM listed Investment Company with interests in the
pharmaceutical packaging and precision engineering sectors.


END

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