SOURCE: Avatar Ventures Corp.

November 08, 2013 10:59 ET

Avatar Ventures Corp. Provides Corporate Update

CARSON CITY, NV--(Marketwired - Nov 8, 2013) - Avatar Ventures Corp. (OTC Pink: ATAR) ("Avatar" "ATAR" or the "Company") is pleased to provide this update to its shareholders and the investment community.

Edward Minnema, President and CEO of Avatar, has, since taking over management of the company, identified the liabilities owing to its service providers prior to his appointment. Mr. Minnema states, "We are pursuing a number of viable entities to complete a suitable business transaction for all parties and shareholders. Avatar has recently raised initial funds to facilitate cleaning up its debt and bringing its filings up to current status. As we are seeking a revenue producing company and/or a company with great prospects of being a revenue producer, we feel that having Avatar in an attractive position will enhance that opportunity." Mr. Minnema has advanced a portion of the funds personally.

Avatar is pleased to report that it has over the last few weeks updated its filings with the Secretary of State of Nevada to current status and has updated its company information page on the OTC Markets website to verified profile. For details see
http://www.otcmarkets.com/stock/ATAR/company-info

In closing, Mr. Minnema stated that on behalf of Avatar he has been actively reviewing and has been in talks with a number of exciting private prospects. The number has been narrowed down considerably and Mr. Minnema is optimistic that he will release a further update in this regard in the near future.

About Avatar Ventures Corp.
Avatar Ventures Corp. is a junior public company currently investigating revenue producing businesses ventures including those in the high tech sector. With an advantageous share structure and through the building of a solid management team, the company will endeavor to provide increased shareholder value and at the same time minimize dilution so as to provide maximum return for shareholders. We invite current and prospective shareholders to contact us and learn more about our company by calling Ed Minnema or emailing him at the contact info below. Avatar Ventures Corp. has registered a new website address, www.avatarvcorp.com, which is presently under construction.

Safe Harbour Statement: This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or planned, "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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