Electropac Product Development

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.

 Enquiries

Jonathan Bobbett, Chief Executive Officer

Avid Holdings Plc

+44 (0)1622 872 022