Avatar Systems Inc. (OTCBB: AVSY)
FRISCO, Texas–September 07, 2006–Avatar Systems, Inc. (OTCBB: AVSY) a provider of Enterprise Resource Planning (ERP) Accounting software and computing infrastructure solutions to the petroleum industry’s oil & gas exploration and production companies, today announced its new HP Source Direct status with Hewlett-Packard. Avatar expects additional revenue by reselling HP products via the HP Source Direct channel.
Avatar Systems selected HP as a partner based upon HP’s proven and tested Proliant server platforms. These platforms are ideal for the Avatar Systems’ mission of critical solutions in the petroleum industry.
This new relationship enables the Company to provide several key benefits to its customers such as:
– Product Life Cycle Management tools and collaboration
– Turn-key solutions backed by Avatar Systems support
– Global logistics and support agreements
President and Chief Executive Officer, Chuck Shreve remarked, “With many large enterprises around the world demanding highly reliable ERP Accounting solutions, Avatar continues to provide enhanced value-added services to its customers throughout the United States. Our implementation and support services ensure that we provide our customers with a managed entire life cycle of state of the art IT products and services.”
Avatar focuses on delivering ERP Accounting solutions to oil & gas exploration and production companies. Through partnerships with HP, Microsoft, and IBM, the Company provides a full range of products and services that are specifically designed to meet today’s mission-critical applications.
Avatar Systems, Inc. is the petroleum industries leading provider of ERP Accounting software systems to today’s oil & gas exploration and production companies. Avatar delivers its products On-Demand offering Software as a Service (SaaS) on a pay-as-you-go basis or companies may choose to license the products and run them in-house with their own IT staff and resources.
Avatar Systems’ Headquarters is located in Frisco, Texas, USA with branch offices in Midland and Tyler, TX. The Company provides ERP Accounting software and computing infrastructure solutions for companies engaged in the petroleum exploration and production industry. Avatar has a growing customer base on its Petroware™ and Integra™ for Microsoft Windows products and Avatar400™ on the IBM AS400 platform, and subscribers utilizing its (SaaS) On-Demand ASP services. Avatar also provides document imaging/document management systems, disaster recovery services and remote backup services. Avatar’s product portfolio provides an excellent management resource for the critical information management requirements of the petroleum industry.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward- looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
Investor Relations Contact:
The Eversull Group, Inc. 972-991-1672
jack@theeversullgroup.com 972-991-7359 (fax)
Source: Avatar Systems, Inc.
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