SOURCE: Avalon Technology Group, Inc.

September 16, 2008 09:46 ET

Avalon Technology Group Featured as Top Stock Pick on OTCPicks.com

Avalon Technology Group Continuing Rapid Growth With Forecast of $.02 EPS for the Fiscal Year With Current Distribution Partner Contracts

ORLANDO, FL--(Marketwire - September 16, 2008) - Avalon Technology Group, Inc. (PINKSHEETS: AVLN) announced today that the company's stock was highlighted as the top stock pick by OTCPicks.com. The newsletter addressed ATG's rapid growth, stock buyback and new $25 Million distribution agreement for the Gulf. It also noted the company's stock price had increased 50% on Friday and was followed by a 33% increase yesterday.

ATG has announced a series of events increased shareholder value such as:

Repurchasing approximately 33% of the float of the common stock in the open market.

New distribution channel partners adding approximately $25 Million in additional revenue for the current fiscal year.

Integration of the ATG Biometric Mouse with the Number One Child Protection Software in the world expanding sales to 125 countries.

The successful testing of the company's biometric products by some of the largest IT distribution companies in the world.

The release of the most advanced Biometric Time and Attendance Access Control device in the world.

Avalon Technology Group, Inc. CEO, Patrick Downs, stated, "All these events have taken a significant time to accomplish both with the addition of numerous new technologies and distribution channels partners around the world. The success of these new relationships are allowing ATG products to be sold in 125 countries around the world through some of the most successful IT distribution partners whose business expertise in the IT sector date back to 1948. The company has chosen to aggressively restructure the company to meet these growing demands for its products and now the efforts are starting to produce the results in line with previous forecast for its recording breaking growth period. These restructuring efforts have proven to be the right path for the company to achieve its long term growth. The company's products are producing 65% growth profit margins while still beating the prices of more established biometric product suppliers and at the same time supplying superior technology."

In the past two quarters ATG has successfully released the fastest USB flash drive in the world with Military Encryption, the world's first Vista compatible biometric mouse and the only WiFi Biometric Access Control device to the market. The biometric timeclock industry is projected to be over $5 Billion market this year and ATG will profit immensely with the most technologically advance device in the world.

About Avalon Technology Group:

Avalon Technology Group is a technology company with operations in software and the industry leading biometric security product developer. The Company and its affiliates currently conduct government sales under three GSA contracting vehicles including Minority Owned Women Business and Service Disabled Veteran Owned Small Business, which specializes in providing commercial and government entities with quality services, software and biometric technologies.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Contact Information