Avalite Inc (Formerly Ramtelecom Inc) Announces Second Quarter Results



    OTTAWA, Aug. 28 /CNW/ - Avalite Inc (TSX-V: ALV.H) today reported results
from its second quarter, ended June 30, 2009. The information provided in this
press release should be read in conjunction with the Corporation's unaudited
interim Financial Statements and Management Discussion and Analysis for the
second quarter of 2009, found on SEDAR at www.sedar.com. Due to the sale of
the Corporation's only operating subsidiary, R.A. Misener Telecom Corporation,
on June 3, 2009, there are no comparable financial figures between Q2 2008 and
Q2 2009.
    The Corporation had a Net Loss of $1,806,916 for the period. As of June
30, 2009 Cashflow (as defined under Non-GAAP Measures in MD&A) was $698,202
with working capital of $1,192,574. "Senior Management is now working to
complete the final administrative details of the acquisition, states Ralph
Misener, CEO. "We continue to actively promote a new business re-organization
for a potential Reverse Take-Over or sale involving Avalite Inc.

    (1) see Non-GAAP Measures in MD&A

    
    The TSX NEX does not accept responsibility for the adequacy or accuracy
    of this release.
    

    %SEDAR: 00023242E




For further information:

For further information: R.A. (Ralph) Misener, President and CEO, Tel:
(613) 791-7780, Email: rmisener@avalite.ca

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AVALITE INC.

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