Allen-Vanguard reports on results of shareholders meeting



    OTTAWA, Sept. 21 /CNW Telbec/ - Allen-Vanguard Corporation
("Allen-Vanguard" or the "Company") (TSX:VRS) is pleased to announce the
results of the Special Meeting of the shareholders of the Company held on
September 21, 2007 in Ottawa.
    At the meeting shareholders approved the following resolutions:

    
    1. a change to the Employee Stock Option Plan to create a "rolling plan",
       which permits the Corporation to grant options to purchase common
       shares from time to time provided that the number of common shares
       reserved for issuance pursuant to outstanding options does not exceed
       7% of the total number of shares of the Corporation issued and
       outstanding at the date of any grant made thereunder;

    2. a new Non-Employee Directors' Stock Option Plan which contains the
       same terms as the amended Stock Option Plan, except that participation
       is limited to non-employee directors of the Corporation and the
       maximum number of common shares that may be reserved under the plan is
       1% of the total number of issued and outstanding common shares at the
       time of any grant thereunder;

    3. a new Restricted Stock Unit ("RSU") Plan under which the maximum
       number of common shares reserved for issuance in connection with RSU
       awards is 1,800,000, representing 3.06% of the issued and outstanding
       common shares as of the date of the Information Circular.
    

    Management believes that the implementation of these amendments and new
plans will further align the interests of directors, officers and employees
with those of the shareholders. In addition, it will assist the Corporation to
conserve its cash resources by having a portion of compensation potentially
provided through the issuance of common shares, especially using RSUs.

    About Allen-Vanguard

    Allen-Vanguard Corporation and its subsidiaries worldwide operate under
the brand "Allen-Vanguard". The Company 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). The Company'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"),
bomb suits, 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. The
Company's shares are listed on The Toronto Stock Exchange (TSX: VRS). The web
site is www.allen-vanguard.com.

    This press release may contain forward-looking statements relating to,
among other things, the Company's expectations concerning future product
demand and growth opportunities and customer acceptance of Company's products.
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. The Company disclaims
any obligation to publicly update or revise any such statements. The Toronto
Stock Exchange has neither approved nor disapproved the contents of this press
release.

    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: Elisabeth Preston, (613) 614-4884

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ALLEN-VANGUARD CORPORATION

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