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AVVA TECHNOLOGIES REPORTS 2ND QUARTER RESULTS AND CONTRACT UPDATES.


CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--April 19, 1995--AVVA TECHNOLOGIES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
. (Alberta Stock Exchange Alberta Stock Exchange

See Canadian Venture Exchange (CDNX).
: AVY AVY may refer to:
  • The National Rail code for Aberdovey railway station, United Kingdom. External links: station information; Location map; live departures and arrivals.
) AVVA's second fiscal quarter which ended March 31, 1995, had projected sales orders The sales order, sometimes abbreviated as SO, is an order received by a business from a customer. A sales order may be for products and/or services. Given the wide variety of businesses, this means that the orders can be fulfilled in several ways.  of $340,338, while actual sales orders were $343,250. AVVA is still in the start up stage of its corporate development and recorded a loss of $0.02 per share during this period. This is a significant improvement from the first quarter of fiscal 1995 ending December 31, 1994 in which sales were $69,120.

MARKETING MOMENTUM BEING ESTABLISHED

This second quarter has provided valuable production and marketing experience. The period represents the first full scale production and marketing effort of edge-lit technology. Marketing momentum is building well with more than $2,000,000 in marketing quotations out to potential customers. The actual percentage that will translate into shipped orders in the present quarter is unpredictable, but Management remains confident revenue growth will continue to be strong.

CONTRACT UPDATES

Sears will receive its first AVVA sign this week. If approved the initial order for this type of sign would be 150 units. The potential three year contract is worth approximately $1 Million.

B.C. Tel Mobility has placed an initial order for 10 signs (value $8,000) to evaluate the AVVA technology. Once evaluated, more orders are anticipated to follow.

AVVA signs are presently on their way to England for a presentation to "The Body Shop" an international retailer.

The national chain "Second Cup" is extremely pleased with their first order of signs.

All of the organizations mentioned offer substantial business opportunities for AVVA.

AVVA, an Alberta Stock Exchange listed company listed company ncompañía cotizable

listed company nsociété cotée en Bourse

listed company list n
 manufactures a new illuminated il·lu·mi·nate  
v. il·lu·mi·nat·ed, il·lu·mi·nat·ing, il·lu·mi·nates

v.tr.
1. To provide or brighten with light.

2. To decorate or hang with lights.

3.
 style of energy efficient edge-lit signs. AVVA's design flexibility and high quality appearance, positions the company to market products for institutional, corporate, retail and home application.

The Alberta Stock Exchange neither approves nor disapproves of the information contained herein.

CONTACT: Mark Komonoski, 1-800-665-3749 or 403/252-6047
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 19, 1995
Words:318
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