SOURCE: Avalon Technology Group, Inc.

July 11, 2008 10:40 ET

Avalon Technology Group, Inc. Notified Nasdaq Confirms Record Date of 2:1 Forward Split of July 11, 2008

Avalon Technology Group Record Date for 2:1 Forward Split Payment Date of July 25, 2008

ORLANDO, FL--(Marketwire - July 11, 2008) - Avalon Technology Group, Inc. (PINKSHEETS: AVLN) has been informed by Nasdaq that the previously announced 2:1 forward split has a declared record date of today and a payment day of July 25, 2008 (

There is no need for shareholders to surrender their shares with this forward split. Shareholders who have their shares deposited with brokerages and other financial institutions will automatically have the new shares deposited to their accounts.

ATG fiscal year, which began July 1, 2008, is on target guided by current purchase orders to hit its targets of $10 Million in revenue for the 1st quarter and fiscal year revenues of $35 Million.

ATG previously announced that the Company has closed on $3 Million funding commitment for fulfilling current purchase orders, additional employees and establishing a government sales office in the Washington, DC Metro area in this quarter.

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.

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