AVD Avid Holdings

    Avid Holdings Plc (the "Company")                       

                                 Result of EGM                                 

On 20 February 2007 the Company announced proposals, conditional upon
shareholders' approval, regarding, inter alia, the acquisition of Electro-Mec
(Reading) Limited and a Placing of 133,333,333 new ordinary shares at 0.75p.

The Company is pleased to announce that at the Extraordinary General Meeting
held earlier today shareholders approved all resolutions in respect of these
proposals.

Application has been made for 161,666,666 new ordinary shares of 0.5p
(consisting of 133,333,333 placing shares and 28,333,333 vendor consideration
shares) to be admitted to trading on AIM and dealings are expected to commence
on 16 March 2007.

Upon admission of these new ordinary shares the issued share capital of the
Company will be 375,666,665 ordinary shares of 0.5p each.

For further information:

Jonathan Neal, Director

Avid Holdings Plc

Tel: 01622 872022

Ross Andrews, Nominated Adviser

City Financial Associates Limited

Tel: 020 70907800



END

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