OTTAWA, March 6 /CNW Telbec/ - Allen-Vanguard Corporation
("Allen-Vanguard" or the "Company") (TSX:VRS) announced today the appointment
of Mr. Pat Paulin to the newly created position of Vice President, Finance,
based in the Company's Ottawa corporate office.
In a career that has spanned 25 years, Pat has held senior finance and
operations positions in a wide range of public and private enterprises,
including software, professional sports, telecommunications and computers. He
is a Certified Management Accountant and also holds a Bachelor of Commerce
Degree from Concordia University.
"As previously announced, Allen-Vanguard expects to close its bought-deal
financing on March 09, 2007, and intends to pursue acquisition opportunities
in defence electronics and protective products and services" said David E.
Luxton, President and CEO. "Pat will provide important bench strength for our
corporate management team, ensuring that effective financial and operational
controls are maintained, while Rob Ryan, the Company's CFO, spends more time
on acquisition related activities."
Allen-Vanguard Corporation and its subsidiaries worldwide operate under
the brand "Allen-Vanguard". Allen-Vanguard develops and markets technologies,
tools and training for defeating and minimizing the effects of hazardous
devices and materials, whether Chemical, Biological, Radiological, Nuclear or
Explosive ("CBRNE"). Allen-Vanguard's equipment is in service with leading
security and military forces in more than 120 countries. Products include
Electronic Counter-Measures ("ECM") equipment for jamming remote detonation of
terrorist devices, specialty security equipment for Explosive Ordnance
Disposal ("EOD"), remote intervention robots for hazardous applications,
vehicle barrier systems, and personal protective wear for use in dealing with
bio-chemical agents. Allen-Vanguard is the sole, worldwide licensee and/or
developer of patented technologies, such as the Universal Containment System
and CASCAD Foam for blast mitigation and decontamination of bio-chemical
warfare agents. Head office operations are located in Ottawa, Ontario, Canada,
with manufacturing operations in Stoney Creek, Ontario; Tewkesbury, U.K.; and
Cork, Ireland, and sales offices in Canada, the U.S., the U.K. and Asia.
Allen-Vanguard's shares are listed on The Toronto Stock Exchange (TSX: VRS).
This press release contains forward-looking statements, which reflect
Allen-Vanguard's current expectations regarding future events. These
forward-looking statements are neither promises nor guarantees, but involve
risks and uncertainties that may cause actual results to differ materially
from those in the forward-looking statements. Allen-Vanguard disclaims any
obligation to publicly update or revise any such statements.
To find out more about Allen-Vanguard Corporation (TSX: VRS), visit our
website at www.allen-vanguard.com.
For further information:
For further information: David Luxton, (613) 769-5353