Averox Inc. Announces Results for Q3 and Nine Months Ended March 31, 2007.

DUBAI, United Arab Emirates -- Averox Inc. (OTCBB:AVOX) announced results for the third quarter and first nine months of fiscal year 2007, ended March 31, 2007. All figures are in U.S. dollars.

Revenues for the nine months ended March 31, 2007 were a record $2.985 million compared with revenues of $ 1.381 million for the first nine months of fiscal 2006, an increase of $1.6 million or 116% primarily as a result of increased sales to a major customer. Cost of sales was $.586 million or 19.6% of revenues compared with $.176 million or 12.7% of revenues in the first nine months of fiscal 2006. General and administrative expenses were $.542 million compared with general and administrative of expenses of $.140 million in the same period a year ago. The increase in costs of sales is primarily a result of additional hiring and the support required as a result of increased activity during the period. The increase in general and administrative expenses is primarily a result of the implementation of an expanded marketing campaign, the development of new software and systems and the hiring of additional, experienced, management, marketing and technical personnel, as well as the additional management and other costs related to Averox becoming a public company and maintaining its status as a public company listed on the U.S. OTC Bulletin Board.

Gross income before taxes was $1.857 million compared with gross income before taxes of $1.057 million per share in the first nine months of fiscal 2006. Net income was $1.0765 million or $.108 per share compared with net profit of $1.036 million or $.103 per share in the first nine months the prior year. The increase in net income was primarily due to the increase in revenues over those of the prior year.

Revenues for the quarter ended March 31, 2007 were $.558 million compared with revenues of $.311 million in the third quarter of fiscal 2006, an increase of $.247 million or 79.5%, reflecting sales to a new customer. Cost of sales for the quarter ended March 31, 2007 was $75,895 compared with cost of sales of $95,561 for the prior year period. General and Administrative expenses were $369,666 compared with general and administrative expenses of $41,239 in the same quarter a year ago. The increase in general and administrative expenses is primarily a result of the implementation of an aggressive marketing campaign, the development of new software and systems and hiring of additional, experienced, management, marketing and technical personnel as well as the additional management and other costs related to Averox becoming a public company and maintaining its status as a public company listed on the U.S. OTC Bulletin Board.

Gross income before taxes was $110,471 for the quarter ended March 31, 2007 compared with gross income of $172,321 in the prior year period. Net loss after tax was $(34,389) or $(.004) per fully diluted share of common stock compared with net income after tax of $172,321 or $.017 per fully diluted share of common stock in the third quarter of fiscal 2006.

"The first nine months of fiscal 2007 has been very productive for our company," said Mr. Salman Mahmood, Chief Executive Officer. "Earlier this year shares of our common stock began trading on the NASDAQ OTC Bulletin Board, giving our shareholders access to a major trading venue. We have also made a considerable investment in developing new products and services, implementing an aggressive marketing campaign in the US, Middle East and Europe and have opened several new offices to support these efforts. We have also brought on board the senior level management, technical and sales and marketing personnel needed to enable us to become a major provider of IT and telecom services in the coming years," Mr. Mahmood continued.

"We look forward to continuing to update our shareholders on our progress in the coming months," Mr. Mahmood concluded.

About Averox Inc. Averox Inc. (OTCBB:AVOX) is a publicly held independent provider of solutions and services in the domains of Telecom Engineering, Telecom OSS and BSS and Information Technology. Averox' services include offshore product development, application management, project management, program management, telecommunications network deployment, management, optimization and maintenance for small, medium and large enterprises. Averox, Inc. has two principal subsidiaries Averox Private Limited and Averox FZ-LLC.

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This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Averox management's current expectations and are subject to risks and uncertainties and changes in circumstances. All forward-looking statements included in this press release are based upon information available to Averox as of the date of the press release, and it assumes no obligation to update or alter its forward- looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect Averox's results of operations are detailed in the filings of Averox with the SEC.