AV1 Group, Inc. Enters Discussions With Consumer Finance Chain for Exclusive Expansion

NEW YORK, Dec. 22, 2010 (GLOBE NEWSWIRE) -- AV1 Group, Inc. (Pink Sheets:AVOP) announces today that in light of recent developments, its board has elected to align the company's sights on opportunities as an internationally-focused Holdings Company.

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The company has recently entered discussions with the owner/operator of a well-established consumer finance/micro-lending institution in Mexico with regards to partnering toward aggressive franchise expansion to meet an ever-growing market demand. 

AV1 Executives have issued a statement in regards to the move: "We are confident this strategic initiative will be a success for the company and its shareholders. The decision was made based on the ability to make the transition, effective immediately. Our prospective partners' primary business is micro-lending and pawn store operations which work to provide a convenient source for small consumer loans collateralized with precious metals or other illiquid possessions to help customers meet short-term cash needs or small business start-up capital. These types of institutions serve as a crucial element within the Mexican economy and expansion, as such, should prove to be profitable, socially conscious and with a positive effect on economic development all the while. There is a great opportunity here as this market is emerging yet with proven industry potential.

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FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

AV1 Group, Inc. confirms that it will be making announcements in regards to Management and Operations in the coming days toward collective benefit.

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.

CONTACT: AV1 Group, Inc (212) 913-0594 InvestorRelations@AV1Group.com