Avalon-Borden Signs Letter Agreement.Business Editors MONTGOMERY, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Feb. 23, 2001 James M. Bohannon, C.E.O. of Avalon-Borden Companies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AVBD), announced February 6, 2001, that Avalon had entered into a letter agreement with a Swiss company, to provide a financing facility on a best efforts basis ("the financing facility"). That agreement contemplated a definitive agreement between the parties on or before February 14, 2001. The Financing Facility Agreement has been revised and extended by the parties to March 31, 2001. Avalon, through its 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. Avalon Media Group, Inc., (www.avalonmediagroup.com), is a leading turnkey See turnkey system. provider of cable television advertising insertion insertion n. the addition of language at a place within an existing typed or written document, which is always suspect unless initialled by all parties. services, providing a complete advertising solution for cable television operators. The Company is not owned or affiliated with any cable provider, but services various cable clients including large MSOs, telephone companies, independent cable operators and municipalities. Certain statements included in this press release are "forward-looking" statements, such as those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc anticipated future revenue of the Company, anticipated success of certain securities filings, or the anticipated success of current product offerings. Such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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