SOURCE: Avatar Systems, Inc.

October 02, 2007 08:00 ET

Avatar Systems, Inc. Ranked 38th Among 50 Fastest Growing Tech Companies by Metroplex Technology Business Council

FRISCO, TX--(Marketwire - October 2, 2007) - Avatar Systems, Inc. (OTCBB: AVSY) today announced the Metroplex Technology Business Council (MTBC), the largest technology trade organization in Texas, honored the Company with Tech Titan Fast 50 Award at the 7th annual Tech Titan/Titan Fast 50 Awards gala and ceremony on Saturday, September 29, 2007 at the InterContinental Hotel in Dallas. The celebration recognized outstanding information technology companies and individuals in the North Texas area who have made contributions during the past year locally as well as to the technology industry overall.

Chuck Shreve, President and CEO of Avatar, remarked, "We were appreciative of the MTBC for recognizing our growth and to be ranked among such an elite group of companies."

Avatar Systems' Headquarters are in Frisco, Texas, USA with branch offices in Midland and Tyler, TX. The Company provides ERP / Accounting Software and Computing Infrastructure Solutions for companies engaged in the petroleum exploration and production industry. Avatar has a growing customer base on its Petroware2000™, Integra Energy™ products for Microsoft Windows, Avatar400™ on the IBM AS400 platform, and subscribers utilizing its Software as a Service (SaaS) On-Demand ASP services. Avatar's products and services provide an excellent resource for critical information management requirements of the petroleum industry. Avatar also provides document imaging, workflow and business process management as well as disaster recovery and remote backup services for all vertical markets.

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectation or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.

Contact Information

  • Investor Relations Contact:
    The Eversull Group, Inc.
    Jack Eversull
    972-378-7981 (fax)
    Email Contact