Avalon Borden Increases Subscriber Base 168%.Business Editors CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Nov. 15, 2002 Avalon Media Group, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Avalon Bordon Companies (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AVBD) announced today that it has increased its subscriber base by 168% over last year. Growth in the number of markets served where Avalon Media Group is the turnkey cable television ad sales and insertion provider has increased by 82%, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. company President Michael Wilson Michael Wilson may refer to:
"We most recently added cable systems in Lexington, North Carolina Lexington is the county seat of Davidson County, North Carolina, United States. As of the 2000 census, the city had a total population of 19,953. It is located in central North Carolina, twenty miles south of Winston-Salem, near the intersection of I-85, U.S. Highway 29, U.S. ; Moncks Corner, South Carolina Moncks Corner is the county seat of Berkeley County, South CarolinaGR6. The population was 5,952 at the 2000 census. Moncks Corner was, during colonial time, a major settlement area of French Protestant Huguenots who came to South Carolina as a ; Gilbert, South Carolina Gilbert is a town in Lexington County, South Carolina, United States. The population was 500 at the 2000 census. Geography Gilbert is located at (33.925492, -81.394531)GR1. ; Columbus, Georgia Columbus is a city in Muscogee County, Georgia, United States. It is the primary city of the Columbus, Georgia Metropolitan Statistical Area, an MSA which encompasses all of Columbus, Georgia, Chattahoochee, Harris, Marion, and Muscogee counties, Georgia, and Russell County, ; and West Point, Georgia West Point is a city in Harris County and Troup County, Georgia. It is part of the Columbus, Georgia-Alabama Metropolitan Statistical Area. As of the 2000 census, the city had a total population of 3,382. ," said Wilson. "These are large to medium-sized cable systems and represent a sizeable growth for our company in terms of subscribers served." Avalon Media Group serves cable companies through its advertising insertion technology, called an Adplayer. National cable network channels allow local cable systems to insert local advertising at certain times during the programming day. The Adplayer enables Avalon Media Group to insert advertisements directly on cable network channels with cable systems located anywhere in the United States. As the turnkey provider, Avalon Media Group operates all ad sales and ad insertion services for these cable systems. In this most recent growth phase, Avalon Media Group incorporated additional Adplayers into several current cable system operations. "When a cable system grows in subscribers, Avalon Media Group supports this growth by adding more Adplayers to provide additional channels. Additional channels afford client advertisers expanded options to accomplish their goals for cable television advertising," said Wilson. "We have currently expanded our channel line up in five existing markets: Charleston, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. ; Augusta, Georgia; Warner Robbins, Georgia; Macon, Georgia; and Ft. Valley, Georgia." "Our growth has been carefully orchestrated and is on track with our business plan, which calls for adding new markets and expansion within existing markets," said Wilson. Avalon Borden Companies, Inc., through its wholly owned subsidiary Avalon Media Group, Inc., (www.Avalonmediagroup.com), is a leading turnkey provider of cable television advertising insertion services. The company uses its proprietary software and hardware to manage advertising insertions for cable television providers in medium-to-small markets. Certain statements included in this press release are "forward looking" statements, such as those relating to anticipated future revenue of the Company, anticipated success of certain securities filings, or the anticipated success of current product offerings. Such forward looking statements involve important risks and uncertainties that could significantly affect anticipated results in the future. The Company's performance and financial results could differ materially from those reflected in the forward-looking statements due to financial, economic, regulatory and political conditions or additional factors unknown to the Company at this time. Therefore, current or prospective investors are cautioned not to place undue reliance on any such forward-looking statements. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Avalon-Borden and Avalon Media Group are trademarks of Avalon-Borden Companies, Inc. All rights reserved. |
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