CSE Cross Shr Reg S

RNS Number:1534V
Cross Shore Acquisition Corporation
19 April 2007

19 April 2007

Cross Shore Acquisition Corporation ("Cross Shore")

Announcement of signing of Letter of Intent; Advanced Merger Discussions

Cross Shore Acquisition Corporation ("Cross Shore") (AIM:CSE) announces that it
is in advanced negotiations in respect of a merger with a U.S.-based business
services company, a leading provider of clinical development solutions to the
bio-pharmaceutical industry. A letter of intent was entered into on 6 February
2007 and the proposed merger, if completed, will be a Qualified Business
Combination for the purposes of Cross Shore's Certificate of Incorporation. The
proposed merger is expected to be a reverse takeover for the purposes of the AIM
Rules and will be conditional upon, among other things, the approval of Cross
Shore's shareholders.

Cross Shore's shares and warrants will be suspended from trading on AIM from the
date of making this announcement until the dispatch to its shareholders of a
readmission document relating to the proposed enlarged group and convening the
special general meeting to approve the proposed merger.

Due diligence on the proposed merger has been completed and the parties are
currently in the final stages of negotiating a definitive merger agreement,
which is expected to be announced shortly with details relating to the proposed
merger.

This announcement is neither an offer to sell nor a solicitation of an offer to
purchase shares of Cross Shore.

Neither the U.S. Securities and Exchange Commission nor any U.S. state or
foreign securities commission has passed upon the adequacy or accuracy of the
information contained in this release.

Enquiries:

Cross Shore Acquisition Corporation
Dennis Smith                                  +1 843 597 4760

Arbuthnot Securities Limited
Nomad and UK broker to Cross Shore
James Steel/Guy Blakeney                     +44 20 7012 2000

ENDS


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

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