FT. GRATIOT, Mich., Dec. 29, 2004 (PRIMEZONE) -- AVL Global Inc. (Pink Sheets:AVLL), a Nevada Corporation, updates its investors on the Company's recent corporate and share activity:
We have been very pleased with the new business agreements reached with our new partners literally around the world.
As reported earlier, AVL has now completed the partnership agreement with EVA Inc. of Green Bay, WI. In the last week, we have transferred our tracking and administrative servers for all of our North American tracking services to EVA and they will now be monitoring and servicing our North American customer base from their location. This will include our new GSM services for the same region. This revenue-sharing agreement will help reduce the AVL overhead and allow us to more efficiently concentrate on the offshore operations of our GSM products.
The new Exclusive Licensing Agreement with Electro-Dynamic Research Group of Taiwan offers a tremendous opportunity to diversify our operations and strongly enhance shareholder value. Patents are being filed presently to better protect our investment. A demonstration of the product will be available on www.avlglobal.biz in the next week. We are positive our investors will be excited about this development and its potential.
The holiday season has slowed progress reports of the testing currently underway in South Africa, but updates will be provided early in the new year.
The Company has received notice of our name being used in a fax distribution touting AVL as a `hot stock tip about an unknown company about to be discovered.' This fax was not generated by AVL and we have no idea of who is involved. The management of AVL has been working very hard to build a legitimate growth-oriented company that investors can feel safe is not just a 'pump-and-dump' scam. `We have not authorized any fax type promotion of our stock,' confirms Tyler Fisher, CEO.
Additional information will be released upon receipt.
Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements, be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially form the expected results.