CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--March 12, 1999--Avalon
Group, Inc. (OTC Bulletin Board(R), symbol AVAL) today announced that
a permit was issued by the Commissioner of Corporations, State of
California, relating to its planned merger with Appropriate Health
Services.com, Inc. The permit was issued on March 11, 1999, following
a Fairness Hearing held in Los Angeles.
Avalon now plans to seek formal approval of the merger from its
shareholders at a shareholder meeting, which is currently scheduled
for March 30, 1999, in Cedar Rapids, Iowa.
Notification of the shareholders meeting, together with details
of the merger, will be mailed to Avalon's shareholders within a week
of today's announcement.
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.
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