Avalon Capital Holdings Intends to Acquire Assets of Master Capital Group
Wednesday January 16, 3:15 pm ET
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Avalon Capital Holdings Corporation (Pink Sheets: AVAL - News) disclosed today that it is engaged in negotiations and due diligence to acquire Master Capital Group Corporation, a former US-based Futures Commission Merchant. In the proposed transaction, Avalon Capital Holdings would utilize a combination of stock and cash to purchase all of the assets of Master Capital Group. Master Capital’s assets include a proprietary trading platform known as FX Pro 3.5, cash reserves, several thousand leads and trained personnel.
It is the intention of Avalon Capital Holdings to integrate the FX Pro 3.5 trading platform with the Avalon FX Pro™ suite of products and services. Furthermore, cash reserves will be utilized to finance the ongoing development of the Avalon FX Pro™ future products. The leads from Master Capital will be utilized by Avalon’s internal sales force to increase the number of trading clients utilizing Avalon FX Pro™ trading software.
In making the announcement, Dr. Vladimir Karpenkov, CEO of Avalon Capital Holdings Corporation, stated, “Avalon plans to grow both organically and through acquisitions. The acquisition of Master Capital’s assets, especially the FX Pro 3.5 trading platform, will benefit our offerings to retail and institutional clients.”
About Avalon Capital Holdings Corporation
Avalon Capital Holdings Corporation, through its subsidiaries, develops, markets and distributes high-performance trading software for financial companies that engage in online trading. The Company offers products related to the Foreign Exchange (“Forex”), the world's largest capital market according to The Bank of International Settlements. For additional information please visit http://www.avaloncapitalholdings.com/ or email info@avaloncapitalholdings.com.
A number of statements referenced in this Press Release are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may,” “could,” or “might” occur. Such statements reflect the current views of Avalon Capital Holdings Corporation with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
Avalon Capital Holdings Corporation does not undertake any responsibility to update the “forward-looking” statements contained in this news release. Any communications received by fax or e-mail concerning Avalon Capital Holdings Corporation which have not been authorized by the Company or its investor relations/media advisory firm are specifically disavowed by the Company.
Contact:
Avalon Capital Holdings Corporation
Vladimir Karpenkov, 323-428-3244
