Avalon Group Secures Investment Funding.CEDAR RAPIDS Cedar Rapids, city (1990 pop. 108,751), seat of Linn co., E central Iowa, on the Cedar River; inc. as a city 1856. The second largest city in Iowa, it is named for the surging rapids in the river. , Iowa--(BUSINESS WIRE)--Avalon Group, Inc. today announced that it has secured a commitment for substantial funding from privately-held Appropriate Health Services health services Managed care The benefits covered under a health contract .com, Inc. Under the terms of the agreement, Appropriate Health Services will receive restricted common shares of Avalon Group stock and will participate in the content, and ultimately control of, Avalon's health-related web site at http://www.stayhealthy.com. Both companies have also agreed to explore other opportunities to further advance their relationship and to accelerate market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" of the healthcare information and multimedia industries. Ron Green, president & 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. of Avalon Group, commented, "This arrangement with Appropriate Health Services provides Avalon with the financing it needs to commence a new phase in the Company's development. It furnishes the Company with sufficient resources to complete final technology integration and to begin an aggressive sales drive sales drive n → promoción f de ventas sales drive n → campagne commerciale, animation f des ventes with potential customers for Avalon's X-po!(TM) kiosks. It also brings an impressive, strategic partner to assist with Avalon's business growth." Although initially developed for the healthcare market, Avalon Group is currently in discussions with a number of potential customers to deploy X-po! kiosks in a variety of markets including retail, financial, automotive, entertainment and transportation. Avalon Group, Inc. Stock symbol: OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. (R): AVAL X-po! is a trademark of Avalon Group, Inc. Avalon Group, Inc. is a company that designs and markets technology solutions for customers in a variety of industries. The Company's first major product, the X-po! kiosk was launched in 1998 as a state-of-the-art, interactive kiosk that is Internet-ready and uses standard personal computer (PC) architecture. This release contains forward-looking statements that involve risks and uncertainties and actual results may be materially different. Investors are encouraged to perform comprehensive due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. before making investment decisions.
CONTACT: Henry Russell Bruce Public Relations
Jim Thebeau
(319) 298-0242
E-mail: Thebeau@hrb-ideas.com
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion