Avalon Capital Holdings adds Four Sponsors to 2nd Trading Contest

Thursday, May 1, 2008

Avalon Capital Holdings Corporation (OTC: AVAL), and its wholly owned subsidiary, Traders Development LLC, announced today that four companies have decided to become sponsors of its second contest. Avalon believes that the increase in sponsorship is a strong indicator of the online trading industries recognition of its Avalon FX Pro trading software as a premier trading platform.

The sponsors include Equities Magazine, FXCM, Online Trading Academy, and My Forex Planet. Avalon's goal is to ensure that participants of its trading contest will receive a top-notch trading experience and receive gifts and additional prizes from contest sponsors.

Avalon projects that it can potentially obtain over 100,000 contest participants through its sponsorship network. The company expects that the superior trading features of Avalon FX Pro will increase the demand for opening of live trading accounts with Avalon FX Pro's clearing providers. The company further expects that this increased demand will directly benefit Avalon, as live trading account result in trading revenues averaging between $2.00-$20.00 per transaction.

Equities Magazine will be providing a free one-year subscription for every registrant in the contest. Equities Magazine estimates that its distribution includes over 30,000 active forex traders. Equities Magazine will also assist Avalon in promoting the contest.

FXCM is a global leader in providing innovative currency trading solutions for the retail forex trading community. Regulated as a Forex Dealer Member by the National Futures Association and with the CFTC as a Futures Commission Merchant, over 100,000 live accounts trade through FXCM's trading platforms from nearly 200 countries, with an average of 4,000,000 trades executed each month via its trading platforms.

Online Trading Academy has more than 20 locations throughout the world. Online Trading Academy offers a proven system of live classroom instruction lead by experienced traders. Students actually use real money while executing live trades. Many students have transitioned out of their previous careers and become full-time traders after taking courses at Online Trading Academy. The company serves as a content provider to NASDAQ, as well as numerous financial portals. Every registrant of the second contest will receive a complimentary course from Online Trading Academy.

My Forex Planet is a premiere Forex multi-lingual education provider and referring broker, offering a fresh and unique approach to Forex investments and training.

The Avalon FX Pro 4.1 Trading Terminal is currently available in English, Chinese, Russian, French (Canadian), Turkish and Japanese. It includes features such as one-click order execution, trading from charts, real time news feed, trailing stops, and advanced technical analysis tools. The Avalon FX Pro Trading terminal has incorporated a Ribbon Navigational system giving the Avalon FX Pro 4.1 Trading Terminal a Vista feel and design. Traders from all over the world can register for the contest by clicking on the Forex Contest Banner ad on http://www.avalonch.com/.

About Avalon Capital Holdings Corporation

Avalon Capital Holdings Corporation, through its subsidiaries, develops, markets, and distributes high-performance trading software to financial institutions that engage in online trading. The Company specializes in products and turnkey solutions related to the Foreign Exchange ("Forex") market. For additional information please visit http://www.avaloncapitalholdings.com/ or email info@avaloncapitalholdings.com.

About Traders Development, LLC

Traders Development, LLC is a financial software company based in Irvine, California. It is a leading technology provider of foreign exchange trading and data solutions. Its services include turn-key and customized solutions including dealing interfaces, back-office processing, database solutions, hardware, and technical support. Traders Development has developed and owns Avalon FX Pro(TM). For additional information contact info@tradersdevelopment.com.

Disclosures

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 Securities 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.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Avalon Capital Holdings Corporation
Dr. Vladimir Karpenkov, 310-967-0990