SOURCE: Avatar Systems, Inc.

August 31, 2007 08:00 ET

Avatar Systems Named a Titan Fast 50 Finalist

FRISCO, TX--(Marketwire - August 31, 2007) - Avatar Systems, Inc. (OTCBB: AVSY) has been named one of the 50 fastest growing technology companies in the Dallas/Fort Worth Area. Avatar will receive the award at the annual awards gala being held on September 29 at the InterContinental Dallas Hotel. Avatar Systems had previously won this award in 2005.

Tech Titans has become the DFW area's most prestigious award for excellence in technology. The Metroplex Technology Business Council (MTBC) began giving this award in 2001. Many of the companies receiving the award are outpacing some of the world's most successful technology companies. Avatar is also ranked by MTBC among the Top 40 technology companies based on percentage revenue growth over the last five years.

Avatar Systems, Inc.'s President and CEO, Chuck Shreve, remarked, "Receiving this award is a tribute to our hard working employees, affirms the acceptance of our software products and provides proof that our growth strategy is viable."

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

  • Investor Relations Contact:
    The Eversull Group, Inc.
    Jack Eversull
    972-378-7917
    972-378-7981 (fax)
    Email Contact