Avalon FX Pro 4.1 Direct Generates Revenues
Wednesday, May 21, 2008 - 8:10 AM EDT
Avalon Capital Holdings Corporation (OTC: AVAL), and its wholly owned subsidiary, Traders Development LLC, announced today that the company has started receiving the first revenues from placement of its Avalon FX Pro Direct Trading Platform with various currency trading institutions. The revenues generated from the Avalon FX Pro 4.1 Direct system will be reflected in the Company’s next financial statement.
In making the announcement, Vladimir Karpenkov, CEO of Avalon Capital Holdings, stated, “We believe that the Company is on the right track in its quest to distribute the Avalon system in the Forex marketplace. While we have a long journey in front of us, the need for better, faster, and more intuitive trading platforms will continue to drive interest in our software.”
Mitchell Eaglstein, COO of Avalon Capital Holdings, stated, “We are very pleased with the traders’ response to the Avalon FX Pro 4.1 Direct Live connection. Based on that response, we expect that the revenues will steadily grow in the coming months. However, because the live connection has been placed in operation recently, it is difficult to predict where we will end up by the end of the year.”
Avalon FX Pro Trading software including front-end, back office, FX Pro USB, and Avalon Forex Academy, is one of the most easy-to-use trading terminals designed for currency exchange operations in the FX spot market. The platform offers clients stability, flexibility, and fast response time. Avalon FX Pro 4.1 is available in several language options for trading such as English, Russian, Chinese, Japanese, Turkish, and French.
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 www.avaloncapitalholdings.com or email info@avaloncapitalholdings.com.
About Traders Development, LLC
Traders Development, LLC is a financial software company based in Irvine, California. Traders Development plans to be a leading technology provider of foreign exchange trading and data solutions to trading professionals and qualified organizations. Traders Development also provides turn-key or customized solutions to qualified organizations including dealing interface (or graphic user interface-GUI), application program interface (API), back-office processing, database, servers, technical support and upgrades. Traders Development has developed and owns its proprietary Forex trading platform, Avalon FX Pro. For additional information contact info@tradersdevelopment.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.
Avalon Capital Holdings Corporation
Dr. Vladimir Karpenkov, 310-967-0990
