SOURCE: Avatar Systems, Inc.

August 28, 2007 15:26 ET

Avatar Systems, Inc. President & Chief Executive Officer Featured in Interview With WallSt.net

FRISCO, TX--(Marketwire - August 28, 2007) - Avatar Systems, Inc. (OTCBB: AVSY) today announced that Chuck Shreve, President and Chief Executive Officer of the Company, will update the investment community in an interview with www.wallst.net on August 30, 2007 at 11:00 a.m. CDT. Topics to be discussed in the interview include six month results and the impact of acquisition expenses, maintenance revenue increase, R & D software enhancement and upgrades in the pipeline. The interview is being conducted by Mike Chiavetta, Sr. Analyst for WallSt.net.

To hear the interview in its entirety, visit www.wallst.net and click on "Interviews." Interviews require free registration, and can be accessed either by locating the respective company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the respective company's ticker symbol in the Search Archive window.

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/document management systems, disaster recovery services 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
    972-378-7917
    972-378-7981 (fax)
    Email Contact