AVL Global, Inc. Management Issues Correction and Announces Cooling Fan Tests with Taiwan OEM Manufacturer.FORT GRATIOT, Mich. -- AVL (Automatic Vehicle Location) See mobile positioning. Global, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AVLL) announced today that it has initiated integration testing (testing) integration testing - A type of testing in which software and/or hardware components are combined and tested to confirm that they interact according to their requirements. Integration testing can continue progressively until the entire system has been integrated. of its new cooling fan unit with the custom heat sink technology of Cirmaker Technologies. AVL Global acquired its unique cooling technology from Electro-Dynamic Research Group (EDR (Enhanced Data Rate) An acronym occasionally used to reflect an advancement in transmission or transfer speed. For example, Bluetooth 2.0 + EDR provides a dramatic increase in speed over the previous version. See Bluetooth. ) in late 2004 and has been working diligently to bring this product to market. Cirmaker, a Taiwanese Original Equipment Manufacturer (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ) of heat sink cooling units for major computer manufacturers, believes that if integration testing continues to go as expected the cooling fan units could be immediately incorporated as an optional product. Additionally, in an earlier press release AVL management mistakenly reported that Mr. Terry Ho had issued an indication of interest for up to 500,000 units from the Company. The name of the individual who actually issued the indication of interest was Mr. William Liao, President of Cirmaker Technologies. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Tyler Fisher commented, "We apologize for the oversight and the mistake. Somehow, in all the excitement Mr. Ho was mixed-up with Mr. Liao. Luckily, neither of the two gentlemen took the mistake personally and the substance of the press release is sound. Regardless, we would like to issue a public apology for any inconvenience this may have caused." 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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