Avasoft Chief Executive Officer Interviewed on CEOcast.ROCKLIN, Calif. -- Avasoft, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AVAF) today announced that Jim Wheeler, Avasoft chairman and chief executive officer, was recently interviewed by CEOcast, a highly regarded business media organization. The full streaming-audio interview is now available at www.ceocast.com. In his first media interview granted since Avasoft became a public company, Mr. Wheeler discusses: * The patented, innovative soft ice cream system which Avasoft licenses * Success of this soft ice cream system in Europe * The $20 billion U.S. frozen dessert marketplace * The Company's strong competitive position * Avasoft's marketing strategy * Performance benchmarks for 2007. About CEOcast CEOcast is the premier source of original and syndicated streaming broadcast interviews of Chief Executive Officers at public and private news-making companies. Organized by industry, its analysts average over 15 years experience covering and evaluating Wall Street's leading companies. CEOcast's programming is distributed to millions of on-line investors at over 700 financial web sites as well as to more than 20,000 portfolio managers, buy-side analysts Buy-side analyst A financial analyst employed by a nonbrokerage firm, typically one of the larger money management firms that purchases securities on its own account. and traders at more than 3,300 North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. institutions. Content is also disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. to over 7,000 investment research professionals representing over 425 institutions. All content is copyrighted to protect our licensing partners. For more information, visit www.ceocast.com. About Avasoft, Inc. Headquartered in Rocklin, California Rocklin is a city in Placer County, California. It is a primarily residential community located north of Sacramento. It shares borders with Roseville, Loomis, and Lincoln. As of 2006, the city's population was estimated to be 50,920 people[1]. , Avasoft sells an innovative soft-serve ice cream system into an estimated $4.4 billion U.S. soft-serve ice cream marketplace. This patented system, for which it owns marketing rights in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , has earned widespread success in several European markets for the last five years. This Avasoft system is comprised of two parts -- a portable metal dispenser machine and a plastic, single-use cartridge (1) See phono cartridge. (2) A removable storage module that contains magnetic disks, optical discs, magnetic tape or memory chips. Cartridges are inserted into slots in the drive, printer or computer. containing ice cream. The dispenser plunges the ice cream through the cartridge into a cone or serving container producing ice cream with the experience as soft-serve ice cream, but with the taste and texture more like traditional scooped ice cream. Unlike conventional soft-serve machines which are large, expensive to own and maintain, and require special cleaning procedures to minimize health risks, the Avasoft system is easily portable, inexpensive and completely sanitary sanitary /san·i·tary/ (san´i-tar?e) promoting or pertaining to health. san·i·tar·y adj. 1. Of or relating to health. 2. offering low cost of entry, guaranteed margins and minimal maintenance requirements. For more information and a video demonstration of the system, visit www.avasoft.com. Avasoft is led by a highly experienced management team, with broad industry expertise, enabling the Company to leverage industry leading practices and a strong network of professional contacts. To receive public information, including press releases, SEC filings, profiles, investor kits, news alerts and other pertinent information, please click on the following link: http://www.b2i.us/irpass.asp?BzID=1493&to=ea&s=0 Forward Looking Statement This news release includes 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. that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ include without limitation: the Company's limited operational experience; ability to raise financing; market acceptance of the Company's ice cream products; dependence on suppliers and license partners; continued enforceability of patent rights; and competition. Many of these risk factors are set forth in the company's periodic findings with the U.S. Securities and Exchange Commission. |
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