(BSNS WIRE) Avalon Group Announces Acquisition Agreement With Appropriat
Avalon Group Announces Acquisition Agreement With Appropriate Health
Services.com, Inc.
Business Editors
CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--Jan. 7, 1999--Avalon Group,
Inc. (AVAL-OTC Bulletin Board) has entered into a Memorandum of
Understanding for the planned acquisition of Avalon by Appropriate
Health Services.com, Inc. (AHS), a privately-held corporation based in
Sierra Madre, Calif.
The acquisition is expected to be concluded in February following
the completion of a final due diligence process and all relevant
securities compliance. Shareholders of Avalon stock will receive
further details in the coming weeks, including a proxy statement
regarding the proposed acquisition plans.
The current management and employees of Avalon will be offered
positions with AHS. AHS is in discussions with a leading U.S.
investment banking firm concerning business growth, capitalization and
business plan implementation.
Avalon Group, Inc. is a company that designs and markets
technology solutions for customers in a variety of industries. The
company's first major product, the X-po!(TM) kiosk, was launched in
1998 as a state-of-the-art, interactive kiosk that is Internet-ready
and uses standard personal computer (PC) architecture.
Appropriate Health Services.com, Inc. is in the business of
acquiring health and health care-related businesses.
This release contains forward-looking statements that involve
risks and uncertainties and actual results may be materially
different. Investors are encouraged to perform comprehensive due
diligence before making investment decisions.
--30--mb/ms*
CONTACT: Media contact: Jim Thebeau
Henry Russell Bruce Public Relations
(319) 298-0242, ext. 213 |
