22.07.2011 18:54:00
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AV1 Group, Inc. Announces Executive Trip to Mexico City
AV1 Group, Inc. (Pink Sheets: AVOPD), a Company currently gearing up for Microlending and Pawn Shop operations in Mexico, announces today that company executives have a confirmed meeting this coming Wednesday July 27th in Mexico City with the CEO of Respuesta Financeria S.A. de C.V. to finalize the terms of a deal which they say "will expand the "Casas de Empeno Monte Lana” pawn shop franchise throughout Mexico and catapult the brand to the forefront Multi National Lending in Central & South America.”
The AV1 Group, Inc. Board stated: "We are very pleased with managements initial due diligence on the company and the financial arrangement currently on the table which is the best we have come across thus far. Now that we have found the best possible deal for our shareholders, it is more about getting an in depth look at the daily operations at their corporate offices as well as pawn shop locations. We are looking forward to a fruitful trip, and we anticipate closing a deal soon thereafter.”
The company will also be traveling to Respuesta Financeria’s head office located in Queretaro, Mexico to walkthrough the software systems with their IT Department. Av1 Group CEO Moussa Traore stated: "We realize the importance which is placed on information technology from not only an accounting perspective but from a security perspective as well. It is imperative that adequate controls are in place to ensure these systems can handle the planned growth and enable AV1 Group the ability to properly monitor the activity of all future pawn shop locations.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
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