AVL Global Inc. - Management Considers Forward Stock Split Due To Overwhelming Response
FORT GRATIOT, Mich.--Dec. 2, 20041, 2004--Due to the tremendous interest in the stock of AVL Global, Inc. (OTC:AVLL) and its recent surge to a high of $4.80, management is carefully considering the possibility of a 2 for 1 forward stock split. If approved the forward stock split will take place within the next 60 days.The corporation will keep its shareholders updated as information becomes available.
AVL's CEO, Tyler Fisher, previously announced that it has signed an Exclusive licensing agreement to acquire an advanced thermal energy conservation technology with virtually limitless potential consumer applications. Recent tests conducted by the Taiwan Institute of Technology confirmed the unique ability of the device to act as a cooling unit. Requiring no power and activating purely on temperature change, it is believed that the unit could increase the battery life of the typical notebook computer by as much as 30%. Other revolutionary savings offered by this device could involve cooling systems for homes and warehouses.
Compal Electronics, Inc. (Taiwan Trading Symbol: 2324.TW), the world's second-largest contract laptop computer maker with over $4 Billion in annual revenue, whose customers include Dell , Hewlett-Packard , and Toshiba, has asked AVL Global to integrate the unit into their system for testing and potential implementation in the spring production run. AVL is also in confidential discussions with a major North American computer manufacturer for similar applications. AsiaCom, Inc., a leading manufacturer of telecommunications equipment, is also testing the unit.
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 from the expected results.