PORT HURON, Mich., July 20, 2005 (PRIMEZONE) -- AVL Global Inc. (Pink Sheets:AVLL) is pleased to advise its shareholders that management is traveling to China on July 20, 2005 to meet with a potential merger / acquisition candidate. After signing mutual Non Disclosure and Non Circumvention Agreements, management has been communicating and exchanging corporate information necessary for a complete due diligence examination between the parties and feels very satisfied a formal agreement can be reached. Meetings are scheduled starting on the 22nd in Shanghai and moving on to Xian on the 24th to examine their manufacturing facilities.
The target company is in the herbal medicine field and last year had gross sales of over US$10 million with net profit over US$2 million. They have 40 distribution outlets in various locations throughout China and have a very aggressive growth plan. AVL management feels this opportunity will offer good value to the AVL and its shareholders. We will be reporting additional information upon our return from China.
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.