SOURCE: Avatar Systems, Inc.

May 07, 2008 08:00 ET

Avatar Systems, Inc. Ranked 17th Among the 50 Fastest Growing Public Companies and 175 in Largest 200

FRISCO, TX--(Marketwire - May 7, 2008) - Avatar Systems, Inc. (PINKSHEETS: AVSY) is ranked 17th in the Dallas Business Journal among the 50 fastest growing public companies in the Dallas/Ft. Worth (DFW) Metroplex. Avatar was also ranked 175 among the 200 largest public companies in the DFW area.

Chuck Shreve, Avatar Systems' President and CEO, remarked, "To be among the 50 fastest growing public companies in the DFW area, is quite an achievement particularly considering who we are competing against. Just recently, we were also named to the TechTitans Fast 50, as one of the 50 fastest growing technology companies in the DFW area."

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

  • Contact:
    Investor Relations
    Avatar Systems, Inc.
    1 (800) 490-0055