Allen-Vanguard receives $7 million order for electronic counter-measures equipment from Commonwealth customer



    OTTAWA, April 1 /CNW Telbec/ - Allen-Vanguard Corporation (the "Company"
or "Allen-Vanguard") (TSX: VRS) of Ottawa, Canada today announced that it has
received an order for vehicle-mounted electronic counter-measures equipment
("ECM" or "jammers") valued at C$7 million for a Commonwealth customer. The
bulk of the order is scheduled for delivery in late fiscal 2009 and the
balance in early fiscal 2010.
    "This is an initial order pursuant to a contract amendment with further
exercisable options," said David E. Luxton, President and CEO. "We are pleased
at the continued confidence in our battle-proven counter-IED systems, and
proud to be supporting the vital mission of a key Commonwealth customer."

    Forward looking statements

    This press release may contain forward-looking statements, which reflect
Allen-Vanguard and Tailwind Financial Inc's current expectations regarding
future events, strategy, expected performance and condition. Forward-looking
statements include statements that are predictive in nature, that depend upon
or refer to future events or conditions, or that include words such as
"expects," "anticipates," "plans," "believes," "estimates" or negative
versions thereof and similar expressions including the completion of the
transaction, the expected benefits of the transaction and the completion of
the Rights Offering. In addition, any statement that may be made concerning
future performance, strategies or prospects, and possible future acquisitions
or dispositions, is also a forward-looking statement. Forward-looking
statements are based on current expectations and projections about future
events and are inherently subject to, among other things, risks, uncertainties
and assumptions about the parties and economic factors. Forward-looking
statements are not promises or guarantees of future performance, and actual
events and results could differ materially from those expressed or implied in
any forward-looking statements made about Allen-Vanguard or Tailwind. Any
number of important factors could contribute to these digressions, including,
but not limited to, general economic, political and market factors in North
America and internationally, interest and foreign exchange rates, global
equity and capital markets, business competition, technological change,
changes in government regulations, unexpected judicial or regulatory
proceedings, and catastrophic events. We stress that the above-mentioned list
of important factors is not exhaustive. We encourage you to consider these and
other factors carefully before making any investment decision and we urge you
to avoid placing undue reliance on forward-looking statements. Further, you
should be aware that Allen-Vanguard and Tailwind disclaim any obligation to
publicly update or revise any such forward-looking statements whether as a
result of new information, future events or otherwise, prior to the release of
the next Management Discussion and Analysis to be released by each of
Allen-Vanguard and Tailwind or except as required by law.
    Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements as that term is
defined by the United States Private Securities Litigation Reform Act of 1995.
Any such forward-looking statements contained herein are based on current
expectations, but are subject to a number of risks and uncertainties that may
cause actual results to differ materially from expectations such as material
adverse events affecting Allen-Vanguard and/or Tailwind, the ability of
Tailwind to satisfy the conditions to completion of the business combination
and those other risks and uncertainties detailed in Tailwind's filings with
the Securities and Exchange Commission.

    About Allen-Vanguard

    Allen-Vanguard Corporation supports the mission of military and homeland
security forces around the world with leading proprietary solutions for
protection and counter-measures against hazardous devices of all kinds,
whether chemical, biological, radiological or explosive (CBRNE), including
improvised explosive devices (IEDs) and remotely controlled IEDs (RCIEDs).
Allen-Vanguard equipment is in service 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, and personal protective wear for use in dealing with explosive
and bio-chemical agents. Allen-Vanguard is the developer and/or sole,
worldwide licensee of proprietary technologies such as the Med-Eng bomb suit,
the DefenderTM and VanguardTM Mk2 bomb disposal robots, and the Universal
Containment System and CASCAD Foam system for blast mitigation and
decontamination of bio-chemical warfare agents. Professional services
encompass counter-IED intelligence, training and advisory services, including
the TritonTM Report on terrorist incidents around the world. The Company
operates globally through its wholly-owned subsidiaries under the names
"Allen-Vanguard", "Med-Eng" and "Hazard Management Solutions". Head office
operations are located in Ottawa, Ontario, Canada, with manufacturing
operations in Stoney Creek and Pembroke, Ontario; Ogdensburg, New York;
Tewkesbury, U.K.; and Cork, Ireland; The Company has professional services
operations in Shrivenham, UK, Canada and in the U.S. in Arlington, Virginia,
plus sales offices in Canada, the U.S., the U.K. and Asia. Allen-Vanguard's
shares are listed on The Toronto Stock Exchange (TSX) under the symbol "VRS".
    To find out more about Allen-Vanguard Corporation (TSX: VRS), visit our
website at www.allen-vanguard.com.
    %SEDAR: 00018026E




For further information:

For further information: Robin Sundstrom, Allen-Vanguard Corporation,
(647) 822-8111, ir@allenvanguard.com

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ALLEN-VANGUARD CORPORATION

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