Avatar Systems, Inc. (AVSM/AVSM.PK) Wrap Up:

Avatar Systems, Inc. provides enterprise resource planning accounting software for small and medium-sized oil and gas producers in the United States. It offers integrated software solutions for automating and integrating data and work flows in the petroleum industry, as well as the information flows between the petroleum organization and external parties. The company?s products are used in various applications comprising accounting, billing, financial analysis, and document management, as well as used in land, royalty, and production management functions of a petroleum company. It offers various products, including Petroware2000, which is designed for small and medium-sized petroleum companies; Integra Energy, a management software system that provides accounting, land, production, field capture, and drilling operations software for domestic oil and gas operators, investors, and drilling companies; and Avatar 400 that provides an accounting system, which delivers real time information from the database to users. The company also offers Petroware, Integra, and Remote Access Private Integrated Datalink ASP systems, which deliver enterprise resource solutions to petroleum companies worldwide; and iSYNERGY, an enterprise class integrated information management software. In addition, the company provides consulting, implementation, integration, custom report writing, and training services, as well as support and maintenance services. The company, formerly known as Avatar Systems, Ltd., was founded in 1996 and is based in Frisco, Texas.