Avalon Capital Holdings Corporation Appoints President
Wednesday, June 11, 2008 - 8:13 AM EDT
Avalon Capital Holdings Corporation (OTC:AVAL) announced today the appointment of Alex De Khtyar as its President. Mr. De Khtyar will be responsible for overseeing all business aspects of Avalon Capital Holdings Corporation and its wholly owned subsidiary, Traders Development, LLC.
Mr. De Khtyar, has a broad-based background in the Foreign Exchange Industry with his most recent position being Founder and President of California-based Forex Dealer Member, Master Capital Group. Previously, Mr. De Khtyar was the one that managed the development of several educational software packages that have been rebranded as the Avalon Forex Academy and Avalon Futures & Options Academy.
Dr. Vladimir Karpenkov, CEO of Avalon Capital Holdings, said, “Mr. DeKhtyar’s extensive experience and relationships in the Forex industry make him the ideal person to take Avalon to the next level.”
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 e-mail 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 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.
Avalon Capital Holdings Corporation
Vladimir Karpenkov, 310-967-0990
