AVWI has had nice movement. Good Buy in right now. It's an advertising company.
Company Information ActionView International Inc. is an advertising company that, through its proprietary 13 poster scrolling backlit sign system and revenue sharing program, is positioned to make a serious impact on the multi-billion dollar global advertising industry.
In just a few years we have gone from a few malls in Vancouver, Canada to locations around the globe, including the United Arab Emirates, Australia, the United States and China.
Contact InformationActionview International, Inc.
1892 West Broadway
2nd Floor
Vancouver, BC V6Y 1J9
Canada
Phone: (604) 878-0200
http://www.actionview.ca/index.phpPress ReleaseActionView International, Inc. Announces Continuation of Due Diligence Process and Presentation of New Candidates for Acquisition
VANCOUVER, BC, Mar 17, 2008 (MARKET WIRE via COMTEX) -- ActionView International, Inc. (OTCBB: AVWI) today announced that it is continuing its due diligence process and is evaluating acquisition candidates, including new opportunities that have recently been presented to the company.
"While we continue our due diligence and consider the acquisition candidates that have previously been presented to us, several new opportunities have been added as options for ActionView to consider. We will continue our evaluation of each of these opportunities and expect to close on the acquisition that would be most beneficial to shareholder value," stated Steven R. Peacock, president/chief executive officer of ActionView International.
As management reviews acquisition candidates, ActionView International continues to prepare for the acquisition by maintaining the company's fully reporting status and completing debt reduction and balance sheet clean-up efforts.
ActionView has already utilized its positioning for an acquisition transaction to its benefit, providing a $120,000 financing component to Redwood Capital, Inc., which was working to complete an acquisition/reverse merger transaction on behalf of a private Chinese firm. With the successful close of the transaction, Redwood Capital has made full repayment of the financing amount to ActionView, plus the interest that had accrued.
About ActionView International, Inc.
ActionView International's operating subsidiary custom-designs, develops, and manufactures vividly illuminated motion billboards. ActionView places its signs into high traffic locations and markets advertising space on the signs. ActionView shares advertising revenue generated from the billboards with advertising agencies, the local business partner and the location owner. The benefit to advertisers is exposure in high traffic locations at reasonable costs due to the scrolling feature and multiple advertisers. For additional information about ActionView, please visit the company's website at
www.actionviewinternational.com.
Forward-Looking Statements
This release contains 'forward-looking statements' within the meaning of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
Contact:
Gemini Financial Communications
A. Beyer
951-677-8073
Email Contact
SOURCE: ActionView International, Inc.
CONTACT:
http://www2.marketwire.com/mw/emailprcntct?
id=64B43C446F13DE48Copyright 2008 Market Wire, All rights reserved.
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SUBJECT CODE: Professional Services:Advertising, PR and Marketing
Financial Services:Venture Capital
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Up from it's 52 week range? Let me know what you guys think. It looks like the same people that backed GRXI which is now GGLB so Im not sure here. Let me know.
