AVL Information Systems Commences Trading On the Canadian Venture Exchange
5 October 2000
AVL Information Systems Commences Trading On the Canadian Venture Exchange
SARNIA, Ontario, Oct. 5 AVL Information Systems Inc.
(Canada: AVLL) announces that the Company is now an actively trading member of
the Canadian Venture Exchange (CDNX). The Company commenced trading on the
CDNX on October 2nd under its new trading symbol, YAV. On the move to the
CDNX, AVL President Pete Fisher states, "This is a great move for our
shareholders as it provides access to a larger group of investors and allows
AVL to gain exposure in a much more diversified investing market."
The CDNX was established in November of 1999 as a result of the merger
between the Vancouver and Alberta stock exchanges. A self-regulating
organization owned and operated by 57 member firms, the CDNX lists more than
2,300 companies active in the technology, resource, industrial and
manufacturing sectors. CDNX companies are classified in one of three Tiers
with each Tier having specific initial listing requirements. AVL received a
Tier 3 listing as a capital pool company, a proven corporate entity with a
public market track record. The CDNX has taken a special interest in recent
months in technology companies like AVL. By focusing on the technology
companies, the CDNX hopes to build a strong early-stage niche for these
companies to move on to the senior markets (i.e. Toronto Stock Exchange,
Nasdaq, and AMEX).
About AVL Information Systems
AVL (http://www.avlinfosys.com) is a leading developer and manufacturer of real
time, online vehicle location and performance management systems for law
enforcement, emergency medical response teams, mass transit, and vehicular
fleet management. The Company has made a major commitment to aggressively
market their AVL product line as evidenced by the contract they just signed
with Howard County, MD's Bureau of Highways for 60 SPRYTE(R) units to be
utilized by their snow removal fleet. The Company's future plans also include
completing the acquisition of a majority interest in "i-Track", Inc.
Currently in its formative stage, "i-Track", Inc. is going to be set up as a
marketing and manufacturing company. When "i-Track" is fully operational and
the acquisition is complete, AVL will have the opportunity to utilize a
network of closely related industrial partners to manufacture, market,
distribute, and fund nearly all aspects of AVL's technology.
For Further Info. Please contact Brad Maxwell, Director of Public
Relations at M.Johnson and Associates, Toll Free at 1-877-893-8668
http://www.mjaonline.com/
This is a publication of M.Johnson & Associates (M.J&A), a financial
communications and investor relations company. M.J&A serves as special
advisor to the featured Company and has received fees for services and
expenses for preparation and distribution of materials of said Company.
This press release contains forward-looking information within the meaning
of section 27A of the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and is subject to the Safe Harbor created by those
sections. This material contains statements about expected future events
and/or financial results that are forward-looking in nature and subject to
risks and uncertainties. For those statements, the Company claims the
protection of the safe harbor for forward-looking statements provisions
contained in the Private Securities Litigation Reform Act of 1995 and any
amendments thereto. Such forward-looking statements by definition involve
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from the
future results, performance or achievements expressed or implied by such
forward-looking statements. In particular, there is no assurance that
reserves, production, pricing levels or other factors pertaining to the
manufacturing and retail operations will be sustained at the expected rates or
levels over time. Discussions of factors, which may affect future results,
are contained in the Company's most recent filings.
Under no circumstances does this press release constitute an offer to sell
or a solicitation of an offer to buy the securities of the Company described
in this press release in which such offer, solicitation or sale of securities
would be unlawful prior to registration, qualification or filing under the
securities laws of any jurisdiction.