updated 1/25/2011 12:46:08 PM ET 2011-01-25T17:46:08

NEW YORK, Jan. 25, 2011 (GLOBE NEWSWIRE) -- AV1 Group, Inc. (Pink Sheets:AVOP) ( www.av1group.com ) announces today that management is laying the foundation for a presence in Mexico, while execs are finalizing terms on a deal which is said to franchise or private label well established retail microlending outlets throughout the country. Executives state, "We realize the importance of not only the specialized knowledge which is required for this line of business but also the tremendous importance of securing a location and getting an office set up in order to operate effectively in the region toward maximizing opportunities for multiple revenue streams and economic development benefits."

Management is in Mexico this week viewing potential office properties that will house the administrative functions and will also serve as a sales and training facility for future expansion efforts. In addition, a big focus this week is deciding on the organizational structure of the new ventures and wholly owned subsidiaries in Mexico which will fall under the AV1 Group umbrella.

AV1 Group has released a statement in regards to the move: "Our team is consulting with experts in order to ensure the path we take in Mexico from an organizational structure perspective, is conducive to our organization and long term goals. It is a very exciting time for our team and while we will be very busy these next couple of weeks lining up all of the critical components which will serve as the foundation to our long term success, we are confident that our shareholders will be very pleased with development over the next few weeks with announcements lined up detailing headway over the next several weeks."

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: (212) 913-0594
         New York, NY

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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