Avery Communications Inc. Completes 1.75 Million Share Buyback.

Business Editors

CHICAGO--(BUSINESS WIRE)--Feb. 5, 2001

Avery Communications Inc. (OTCBB:ATEX) today announced that it has completed a 1.75 million-share repurchase from Franklin Capital, a New York-based business development corporation. The transaction included common shares and equivalents.

This transaction, authorized by the board of directors, follows the initiation of a repurchase program that was approved last year. Patrick J. Haynes III, chairman of Avery Communications, stated, "At the last annual meeting, management indicated that it would attempt to enhance value by investing the company's cash flow in repurchasing shares at favorable prices. The purchase of the Franklin block clears up a significant overhang of 1.75 million shares, which Franklin has publicly stated that it would sell in the open market to meet its own liquidity issues.

"We believe that the repurchase of our shares at current market prices is the most beneficial use of our capital. Our earnings per share will reflect the benefit from the 1.75 million shares that we have repurchased. We believe that our strong positive cash flows from operations will allow us to make additional stock repurchases while funding the additional investments necessary to execute our strategy for long-term growth."

Additional repurchases may be made from time to time in open-market transactions or in privately negotiated off-market transactions at prevailing market prices that the company deems appropriate.

Certain statements contained in this document may be deemed to be forward-looking statements under federal securities laws, and Avery intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, but are not limited to expectations that regulatory approval will be granted for Avery's planned special dividend to shareholders of common stock in its subsidiary Primal Solutions. Avery cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to, (a) the failure of Avery successfully to obtain necessary regulatory approvals for its distribution of Primal Solutions, and (b) other risks as detailed from time to time in Avery SEC reports, including its Registration Statement on Form SB-2, Quarterly Reports on Form 10-QSB, Current Reports on Form 8-K and Annual Reports on Form 10-KSB.

www.averycom.com