Avasoft Foresees Major National Account Sales Penetration.ROCKLIN, Calif. -- Avasoft, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AVAF), purveyor (World-Wide Web) Purveyor - A World-Wide Web server for Windows NT and Windows 95 (when available). http://process.com/. E-mail: <info@process.com>. of a patented, innovative soft-serve ice cream system to the estimated $6 billion combined U.S. and United Kingdom soft-serve marketplace, today announced that it has made significant progress towards opening a number of large national accounts. The Company believes that these discussions and initial positive results will lead to large-scale sales. Many of these national customers have a longer sales cycle requiring pilot tests and incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. scale up solutions prior to full U.S. rollout. Although customer names are not disclosed for competitive reasons, highlights of eight of these potential accounts include: * Successfully completing an in-store pilot sales program for the Avasoft System with a large, nationally recognized franchise. Avasoft is in discussion to develop and customize its product to meet that company's needs on a nationwide scale. * Avasoft is working with four major national convenience store companies. It is currently doing a pilot sales test for the Avasoft System with one large national convenience store chain; has successfully completed a pilot with one other and received strong interest to proceed with pilot tests from two more. * Successfully completing pilot sales programs at multiple locations of a major U.S. national theme park company. * Avasoft has successfully completed pilot sales test programs -- separately -- at two of the largest hotel owner/management companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In addition to developing national customized account solutions, Avasoft is in the process of structuring new equipment programs to provide these large national accounts with the dispenser and freezer freezer the compartment in which meat and offal are stored at freezing temperatures of 10 to 16°F (-12 to -9°C) although there is a trend to lower temperatures of 0 to -22°F (-18 to -30°C). equipment they require. Avasoft has built its infrastructure and developed a highly scalable business model. Earlier this year, and in anticipation of higher sales volume, Avasoft announced that through quality key vendors, it has increased its out-sourced equipment manufacturing capacity. In addition, the Company's ice cream/cartridge production and distribution are now provided by Schoep's Ice Cream, through a strategic alliance. Schoep's is completely responsible for producing, transporting and distributing Avasoft ice cream cartridges
(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. it sells. "The Avasoft System is playing extremely well with the type of large, national mass market accounts that we expected it would when we launched full scale U.S. marketing efforts just last spring," said Jim Wheeler, Avasoft chief executive officer. "We continue to work on building revenues by distributing to thousands of local retail and large customer venues across the U.S." 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]. , and through its wholly owned Ezee Whip Europe, Ltd. subsidiary, Avasoft sells an innovative soft-serve ice cream system into an estimated $6 billion combined U.S. and U.K. soft-serve ice cream marketplace. This patented system, for which it owns marketing rights in Europe and 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. 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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