MIAMI, Jan. 20, 2006 (PRIMEZONE) -- In an effort to amend certain presentations and disclosures in the Company's previously filed March 31, 2005 quarterly report, Aventura Holdings, Inc. (OTCBB:AVNT) (Frankfurt: WKN#570891) ("Aventura") filed an amended March 31, 2005 quarterly report (Form 10-Q/A). The amended filing clarifies presentation deficiencies the SEC cited in a comment letter dated July 8, 2005.
The amended filing complies with presentation and disclosure requirements of a 1940 Act Business Development Company. There were no changes to assets, liabilities, equity, revenues, expenses, net income or net income per share.
About Aventura
Aventura Holdings, Inc. is a Business Development Company operating as an investment holding company. Aventura acquires and invests its assets to build an investment portfolio and enhance shareholder value. Aventura's mission is to provide capital and advisory services for management buyouts, recapitalizations, and the growth and capital needs of emerging companies. As a BDC, Aventura is positioned to raise capital for acquisitions and investments in a more efficient manner and to develop and expand its business interests. Although Aventura is currently concentrating its investment strategies in the telephony sector, plans are underway to divest from telephony and expand its potential acquisitions and investments to other lines of business and industry.
Safe Harbor
This press release may contain "forward-looking statements." Although Aventura Holdings, Inc. believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Aventura Holdings, Inc. assumes no obligation to update those statements to reflect actual results, changes in assumptions and other factors. The forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those projected. Additional information that could lead to material changes in performance is contained in filings with the Securities and Exchange Commission.