RNS Number:8589Z
Cross Shore Acquisition Corporation
09 July 2007


Cross Shore Acquisition Corporation


9 July 2007


THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH
  AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
              VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.


                      Cross Shore Acquisition Corporation

                             Warrant Exchange Offer


Cross Shore Acquisition Corporation ("Cross Shore") announces today that, in
order to simplify its capital structure, it is offering the holders of all
37,333,336 outstanding, publicly traded Cross Shore warrants ("Warrants") (AIM:
CSEW) the opportunity to exchange their Warrants for Cross Shore common shares
("Shares") on the terms set out below (the "Offer"):

Holders of Cross Shore Warrants ("Warrantholders") may tender for one Share in
exchange for every 6.5 Warrants held.

Shares issued under the Offer will rank pari passu with the existing Shares.

The Offer commenced on 6 July 2007 and will remain open for twenty business
days, expiring on Thursday, 2 August 2007 at 11.59 pm, New York City time
("Offer Period").

The Offer is conditional upon a) not less than 95% of the Warrants being
tendered for exchange and b) completion by Cross Shore of its reverse takeover
of ReSearch Pharmaceutical Services, Inc. ("Acquisition").

Once a Warrantholder has elected to exchange its Warrants, it may not withdraw
the election. Fractional Shares will not be issued.

Upon satisfaction of the conditions to the Offer, any Warrants which remain
untendered at the end of the Offer Period will remain exercisable in accordance
with the terms of the Warrant Deed and the Warrants will expire not later than
28 April 2010. Following the Acquisition, the Warrants will not be exercisable
on a cashless basis save as provided under the terms of the Warrant Deed.

Upon successful completion of the Acquisition, trading in any outstanding
Warrants will be cancelled and the Warrants will be readmitted to trading on AIM
concurrently with Cross Shore's Shares.

Details of the Offer were posted to Warrantholders on 6 July 2007 and the
results of the Offer will be announced on 3 August 2007.


Enquiries:

Cross Shore Acquisition Corporation
Dennis Smith / Ed Yang                                Telephone: +1 843 597 4760

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



This announcement does not constitute, or form part of, an offer or an
invitation to purchase any securities.

This announcement is not for distribution into the United States, Canada, Japan,
Australia, the Republic of Ireland or the Republic of South Africa or any other
jurisdiction where its distribution would constitute a violation of the relevant
laws of such jurisdiction. Neither Cross Shore Shares nor the Cross Shore
Warrants have been registered under the United States Securities Act of 1933, as
amended, or under the applicable securities laws Canada, Japan, Australia, the
Republic of Ireland or the Republic of South Africa. Accordingly (subject to
certain exceptions), neither the Cross Shore Shares nor the Cross Shore Warrants
may, directly or indirectly, be offered or sold within the United States,
Canada, Japan, Australia, the Republic of Ireland or the Republic of South
Africa or to or by any national, resident or citizen of such countries. The
distribution of the Readmission Document in other jurisdictions may be
restricted by law and therefore persons into whose possession the Readmission
Document comes should inform themselves about and observe any such restrictions.
Any failure to comply with these restrictions may constitute a violation of the
securities law of any such jurisdictions.

Arbuthnot Securities Limited is acting exclusively for the Company and for no
one else and will not be responsible to anyone other than the Company for
providing the protections afforded to their clients or for providing advice in
relation to the contents of this announcement or the Re-admission. No
representation or warranty, express or implied, is made by Arbuthnot Securities
Limited as to the contents of this announcement. The information contained in
this announcement is not intended to inform or be relied upon by any subsequent
purchasers of Cross Shore Shares or Warrants (whether on or off exchange) and
accordingly no duty of care is accepted in relation to them.






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

END
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