EGM Statement

Cohen(A.) & Co PLC
21 August 2006



FOR RELEASE                                                      21 August 2006



                               A.Cohen & Co. PLC

                       (to be re-named Crimson Tide plc)

                                (the 'Company')


   Extraordinary General Meeting approves acquisition of Crimson Tide Limited


At the Extraordinary General Meeting ('EGM') held today, all the resolutions
were passed including the change of name to Crimson Tide plc ('Crimson Tide').

Dealings in the New Ordinary Shares are due to commence tomorrow, 22 August
2006.

After the EGM, Barrie Whipp, who will be appointed Executive Chairman of Crimson
Tide on admission, made the following comments on current trading:

'I am delighted that the acquisition of Crimson Tide has received overwhelming
shareholder support. Considering the amount of executive time taken in preparing
for the flotation, Crimson Tide has continued to make good progress. With the
additional funds in place, we will now be able to expand the business at a
faster pace and take advantage of the many opportunities available to us.

Handheld computers and smartphones are increasingly being recognised as
essential tools for business and there is clearly growing demand for the
services we offer. These include remote e-mail, customer relationship management
systems and a range of solutions to improve the effectiveness of key people when
they are away from their offices and factories. The fact that we offer these
services on a subscription basis is proving attractive to our customers and will
enable us to increase our recurring revenue base, which will give us increased
visibility of future earnings.

The business has established excellent partnerships with Sage, Palm and Good
Technology. It is the strength of these relationships, our team and our growing
customer base that gives us confidence in the long term prospects for the
business.'


For further information, please contact:

Crimson Tide plc                                                  
                                                                             
Barrie Whipp (Executive Chairman)                Tel: [phone]
Graham Ashley (Non Executive Director)           Tel: [phone]                       
Former Executive Chairman of A. Cohen & Co. PLC                                       

W H Ireland Limited                                                
                                                                            
Tim Cofman-Nicoresti / Katy Birkin               Tel: [phone]

Cubitt Consulting                                Tel: [phone]              
                                                                            
Leanne Denman / Allison Reid / Nia Thomas



BACKGROUND NOTE ON CRIMSON TIDE (the main operating company will be re-named
Crimson Tide MPro)

Crimson Tide, founded in 1996 and based in Tunbridge Wells, is a growing mobile
data solutions provider building on its established expertise in customer
relationship management ('CRM') systems, telecoms software and bespoke software
development, to provide companies in the small and medium sized enterprises
sector with the ability to access their business information whilst away from
the office.

THE MARKET

The market for mobile e-mail access is expanding rapidly with Palm forecasting a
10-fold increase in worldwide, mobile e-mail users by 2008 and Microsoft saying
that it believes that mobility is set to grow by over 30 per cent per annum to
2007.

PRODUCTS AND SERVICES

Crimson Tide's mobileprofessional services are based on the use of handheld
devices to provide a range of remote data services and software solutions on a
subscription basis including:

  • Remote e-mail management;
  • Electronic forms;
  • Corporate CRM systems with remote access for management and employees; and
  • Remote access to company data and management information integrated with
    back-end systems hosted by the customer or by Crimson Tide.

Crimson Tide offers these services on a monthly subscription model allowing the
customer to acquire IT functionality without incurring the capital expenditure
usually associated with these types of business solutions.

In addition to the above, Crimson Tide continues to offer its traditional
business solutions including CRM software, bespoke software and to supply its
own telecoms management software. It also continues to generate on-going
revenues by supporting software solutions that it has previously supplied to its
existing customers.

KEY COMMERCIAL RELATIONSHIPS

Crimson Tide is:

  • A Sage business partner and one of Sage's top mobile solutions business
    partners;
  • A Palm certified partner; and
  • A Good Technology business partner.

These relationships allow the company to offer integrated solutions using its
partners' technology and obtain discounts on its partners' products.




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