Contract Win

    AVID HOLDINGS PLC - CONTRACT WIN                        

                           (`Avid', or the `Group')                            

              Electro-mec wins key £190,000 electropac(tm) contract               

Avid Holdings PLC are delighted to announce that its wholly owned subsidiary,
Electro-mec (Reading) Ltd, has won a contract for 12 electropac(tm) feeder units
from a third party machine manufacturer for installation into a UK pharmacy
retailer. The order value is likely to be in excess of £190,000.

Avid raised £194,000 (net of expenses) in December 2007 to fund the research
and development of the electropac(tm) project and is on target for a full rollout
of the units later this year.

Jonathan Bobbett, Chief Executive of Avid, commented; "this key strategic
contract continues our underlying organic growth strategy and will play a key
part in the future of the company."

Contact

http://www.electromec.co.uk/electropac

http://www.avidholdings.co.uk

Jonathan Bobbett, Chief Executive

Avid Holdings plc

Tel: [phone]

Ross Andrews, Nominated Adviser

City Financial Associates Ltd

Tel: [phone]

Stephen Goschalk

Newland Stockbrokers Limited

Tel: [phone]

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.

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