AVD Avid Holdings

RNS Number:0567X
Addworth PLC
23 May 2007



Addworth Plc

For immediate release: 23 May, 2007


                Addworth disposes of stake in Avid Holdings PLC

Addworth Plc, the AIM 'active capital' investor, has today announced that it has
disposed of 15 million shares in Avid Holdings plc, representing its total
holding of 3.99% in the company.

For further information

Addworth Plc                                                 020 7638 8750
Mark Watson-Mitchell, Executive Chairman                     www.addworth.co.uk

Notes to Editors

Addworth (ADW) is an 'active capital investor'. Its focus is upon the growth of
capital value and the generation of fee income from: establishing and funding
newly quoted companies on both the AIM and OFEX markets; acquiring and
developing companies with growth potential; and taking minority equity positions
in undervalued smaller listed companies.




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

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