CSE Cross Shr Reg S

RNS Number:1477C
Cross Shore Acquisition Corporation
28 April 2006

Not for release, publication or distribution in, or into, the United States,
Canada, Australia, Japan, the Republic of Ireland or South Africa


Press Release                                        28 April 2006








                      Cross Shore Acquisition Corporation



                        ("Cross Shore" or "the Company")



                             Cross Shore Joins AIM



Cross Shore, a special purpose acquisition company ("SPAC") planning to invest
in one or more companies engaged in the delivery of business services in the US
and to focus on those companies which can benefit from the "productivity
arbitrage" associated with offshoring select operations, today announces the
commencement of dealings of its common shares and warrants on the AIM Market ("
AIM") of the London Stock Exchange.  Collins Stewart is acting as both Nominated
Adviser and Broker to the Company in the UK.  Sunrise Securities Corp acted as
the Placement Agent.  The stock market EPIC for the common shares and warrants
are CSE.L and CSEW.L respectively.

Subject to compliance with applicable laws, stabilisation may be undertaken in
relation to the shares during the period ending 23 May 2006 if the market price
per share is less than $5.50.  However stabilisation may cease at any time and
there is no assurance that stabilisation will be undertaken.  The manner in
which the stabilisation will be undertaken is set out in the Company's admission
document dated 24 April 2006.

Placing Statistics
Price of a Unit                                                                                    US$6.00
Total number of Units placed                                                                    18,666,668
Number of common shares placed                                                                  18,666,668
Number of warrants placed                                                                       37,333,336
Percentage of enlarged share capital placed                                                            80%
Directors' percentage interest in the enlarged share capital following the                           18.5%
Placing and Admission
Directors' percentage interest in the warrants following the Placing and                             0.74%
Admission
Gross proceeds of the Placing                                                               US$112,000,008
Estimated net proceeds                                                                      US$102,666,674









ALL SECURITIES HAVING BEEN SOLD, THIS ANNOUNCEMENT IS BEING MADE AS A MATTER OF
RECORD ONLY. THIS IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES.
THE SECURITIES DESCRIBED HEREIN HAVE NOT BEEN REGISTERED UNDER THE US SECURITIES
ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES
UNLESS THEY ARE REGISTERED OR EXEMPT FROM REGISTRATION.



                                    - Ends -





Collins Stewart Limited, which is regulated by the Financial Services Authority,
is acting as Nominated Adviser and Broker exclusively for the Company in
connection with the arrangements described in this announcement, is not acting
for any other person and will not be responsible to any other person for
providing the protections afforded to customers of Collins Stewart Limited, or
for advising any other person in connection with the arrangements described in
this announcement. The responsibilities of Collins Stewart Limited, as Nominated
Adviser, are owed solely to the London Stock Exchange.




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

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