Avalon Group, Inc. Appoints Chief Financial Officer
Business Wire - November 13, 1997 13:13
CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--Nov. 13, 1997--Avalon Group,
Inc.
announced today the appointment of its Chief Financial Officer, Von L.
Elbert. Elbert, an entrepreneur and founder of several companies,
joins Avalon after holding several executive positions in the
accounting, data processing and apparel manufacturing industries.
In 1972, Elbert founded Elbert & Associates, a data processing
company, where, as president and chairman, he led the company through
a merger in 1975 with Sta-Fed Computer Tax and built it to become a
$30 million annual revenue corporation. He then engineered a
successful initial public offering which gained the company a listing
on the NASDAQ National Market System. The company was sold in 1989 to
CCH-Computax. Elbert then accepted the responsibility of
manufacturing, finance and management information systems for Galt
Sand Company in Cedar Rapids (an apparel manufacturer), where he
successfully negotiated all financing for the company from start-up to
sale, helping the company to grow from zero to $50 million in annual
revenues. The company was sold to Starter Corporation in 1996.
Elbert graduated from the University of Iowa with a BBA and gained his
CPA certification in Illinois, working for six years with major
accounting firms, Arthur Anderson & Co. in Chicago and Peat Marwick
Mitchell & Co. in Denver. Elbert has occupied a variety of other
positions, including Chairman of the Board of the Cedar Rapids Area
Chamber of Commerce, and Board of Director positions with St. Luke's
Methodist Hospital, Mercantile Bank of Cedar Rapids, Berthel Fisher
Company and Berthel Growth & Income Trust. "Von brings a wealth
of experience and financial acumen to the team at Avalon Group,"
stated Ron Green, President & CEO of Avalon Group. "His appointment is
vital to the company's planned growth through acquisitions and its
fund-raising efforts to provide investment in technology and
personnel. The company is expected to complete its first major
acquisition in January, 1998. Von will play a key role in this
purchase and in the successful development of our business as we grow
to become a multi-million dollar corporation." Elbert is married
with two adult children and shares his residency between Cedar Rapids
and Phoenix, Arizona. Avalon Group, Inc. is a publishing company
specializing in the healthcare field, offering magazines, interactive
kiosks and internet technology. Avalon provides disease prevention,
health and wellness information to patients, nurses, physicians,
pharmacists and other healthcare professionals. Stock symbol:
Electronic Bulletin Board AVAL . CONTACT: Jim Thebeau
Henry Russell Bruce Public Relations Phone:
319-298-0242 E-Mail: thebeau@hrb-ideas.com |
