Released on = December 18, 2006, 8:25 am

Press Release Author = CODA

Industry = Small Business

Press Release Summary = CODA Group, the finance systems specialist, today announced
that it has appointed Cardale Stockbrokers Ltd to help staff buy and sell CODA
shares. The relationship between the two companies is a direct result of a business
meeting in October, held to encourage Cardale Park businesses to work together more
closely on common environmental, community and market issues.



Press Release Body = Cardale Stockbrokers, an independent stockbroker and private
client investment manager, is located a short walk from CODA's offices on Cardale
Park. The relationship was established on the back of an initiative to work more
closely with neighbouring companies (three of which are already CODA customers). The
initiative is part of CODA's newly launched Corporate Responsibility programme. CODA
staff wishing to deal shares will be directed to Cardale Stockbrokers as the
preferred broker and a local supplier.
The agreement with Cardale Stockbrokers means that CODA employees will be offered
special terms to buy/sell CODA shares with low commission rates and charges and a
low maximum fee, irrespective of the value of shares being bought/sold. Harrogate
staff can also save the price and inconvenience of posting their share certificates.
"Cardale Stockbrokers\' services will be invaluable to staff," commented Dave
Belmont, CODA Company Secretary. "This is the sort of local sourcing we want to
encourage as it is vital to sustainability and growth of businesses in Harrogate and
surrounding areas. The Cardale Park business initiative is the first of its kind in
the area and we are planning further meetings and discussions around shared areas of
interest in the New Year."
ABOUT CODA
CODA creates, markets and implements a complete range of software systems designed
specifically to meet the needs of Financial Directors and Finance Departments. These
include financial management systems, analysis applications, and business process
management and control software to implement compliance solutions. Its service
oriented architecture also makes CODA software easy for clients and other vendors to
integrate with their business applications.
CODA was founded in 1979, has around 550 employees working from 13 global locations,
and is listed on AIM in London under the ticker "CODA". CODA software is designed
for multi-currency, multi-language, multi-country, multi-company and multi-site
operations, and is used by around 2,600 medium and large organizations in over 100
countries in a variety of markets and within both public and commercial sectors.


Web Site = http://www.coda.com

Contact Details = Emma Hoyle||Beckwith Head Road-Cardale Park ||Harrogate , HG3
1RY||$$country||||44-01423-537-977||Emma.hoyle@coda.com||http://www.coda.com