SOURCE: Avatar Systems, Inc.

January 09, 2007 08:00 ET

Avatar Systems, Inc. to Develop Oil and Gas Accounting/ERP Solutions for High-Performance 64-Bit Microsoft .NET Platform

FRISCO, TX -- (MARKET WIRE) -- January 9, 2007 -- Avatar Systems, Inc. (OTCBB: AVSY), a provider of software for the oil and gas industry, announced that it will develop solutions specifically designed to run on the 64-bit Microsoft .NET platform. Avatar is a Microsoft ISV and Microsoft Registered Partner.

Chuck Shreve, President & CEO of Avatar, said, "64-bit is the future, and we have every intention of keeping our clients at the forefront of technology. These new 64-bit applications are going to deliver an entirely new level of performance, scalability and compatibility."

Shreve also added, "Avatar has no plans to phase out its current line of products, for those not ready to move to a 64-bit platform. We will continue to support our current product line into the future. Our 64-bit offerings will be added to our family of products rather than replacing it."

Computer industry leaders Intel and Microsoft are both involved in a major push to transition computer hardware and software to 64-bit technology.

"We welcome the introduction of Avatar's 64-bit .NET platform," said Diane Burnett, Revenue Accounting Manager of Vernon E. Faulconer, Inc. and a current Avatar customer. "We're happy that Avatar is helping companies in the oil and gas industry keep up with advances in computing that can help us be more competitive."

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 to over 620 companies in the petroleum industry, making it the #1 supplier of software to the industry. The Avatar product line includes Petroware™ and Integra™ products for Microsoft Windows; Avatar400™ for the IBM AS400 platform; Avatar-On-Demand ASP services; iSynergy document imaging/management systems; 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.
    972-991-1672
    972-991-7359 (fax)
    Email Contact