AVD Avid Holdings

    Avid Holdings PLC                               

                           ("Avid" or the "Company")                           

                                 Contract Win                                  

Avid Holdings plc is pleased to announce that its subsidiary, Electro-mec
(Reading) Limited, has won a major precision engineering contract worth �
480,000 over a six-month period starting in October 2007.

Electro-mec (Reading) Ltd was acquired by Avid in March 2007, and specialises
in the design and manufacture of bespoke pill feeding systems for
blister-packaged drugs and specialist precision engineering.

Jonathan Bobbett, CEO of Avid commented: "This is an important contract for us
adding to our strategy of organic growth. The Board believes that this
contract, along side the significant research and development project in the
elderly healthcare market (as announced in the interim results), will result in
sustainable increases in turnover for the Company."

Enquiries

Jonathan Bobbett, Chief Executive Officer

Avid Holdings Plc

01622 872 022

www.avidholdings.co.uk

Ross Andrews, Nominated Adviser

City Financial Associates Limited

020 7090 7800

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