Avcorp announces insider has acquired 20% holdings



    VANCOUVER, Oct. 14 /CNW/ - Avcorp Industries Inc. (TSX. "AVP") announces
that Mr. Michael C. Scholz, Chairman, Avcorp Industries Inc., has acquired
securities of Avcorp Industries Inc. which have taken him over securities
reporting thresholds. On October 8 and 10, 2008, Mr. Scholz acquired 75,000
common shares of the Company, which when taken together with the 6,468,762
common shares already held or controlled by Mr. Scholz, represents 20.2% of
the total issued and outstanding securities of Avcorp Industries Inc. The
securities were acquired for investment purposes.
    Avcorp Industries Inc. is listed on the TSX Exchange and trades under the
trading symbol AVP. Mr. Scholz may acquire further shares of Avcorp Industries
Inc. in the market or otherwise for investment purposes.

    About Avcorp

    Avcorp designs and builds major airframe structures for some of the
world's leading aircraft companies, including Boeing, Bombardier, and Cessna.
With over 50 years of experience, more than 800 skilled employees and 385,000
square feet of facilities, Avcorp offers integrated composite and metallic
aircraft structures to aircraft manufacturers, a distinct advantage in the
pursuit of contracts for new aircraft designs, which require lower-cost,
light-weight, strong, reliable structures. Avcorp is a Canadian public company
traded on the Toronto Stock Exchange (TSX:AVP). More information is available
at www.avcorp.com.

    
    (signed)                             (signed)
    MARK VAN ROOIJ                       PAUL KALIL
    CHIEF EXECUTIVE OFFICER              PRESIDENT
    

    Forward-Looking Statements

    This release should be read in conjunction with the Company's unaudited
financial statements contained in the Company's Annual Report and with the
quarterly financial statements and accompanying notes filed with Sedar
(www.sedar.com).
    Certain statements in this release and other oral and written statements
made by the Company from time to time are forward-looking statements,
including those that discuss strategies, goals, outlook or other
non-historical matters; or projected revenues, income, returns or other
financial measures. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially from those
contained in the statements, including the following: (a) the extent to which
the Company is able to achieve savings from its restructuring plans; (b)
uncertainty in estimating the amount and timing of restructuring charges and
related costs; (c) changes in worldwide economic and political conditions that
impact interest and foreign exchange rates; (d) the occurrence of work
stoppages and strikes at key facilities of the Company or the Company's
customers or suppliers; (e) government funding and program approvals affecting
products being developed or sold under government programs; (f) cost and
delivery performance under various program and development contracts; (g) the
adequacy of cost estimates for various customer care programs including
servicing warranties; (h) the ability to control costs and successful
implementation of various cost reduction programs; (i) the timing of
certifications of new aircraft products; (j) the occurrence of further
downturns in customer markets to which the Company products are sold or
supplied or where the Company offers financing; (k) changes in aircraft
delivery schedules or cancellation of orders; (l) the Company's ability to
offset, through cost reductions, raw material price increases and pricing
pressure brought by original equipment manufacturer customers; (m) the
availability and cost of insurance; (n) the Company's ability to maintain
portfolio credit quality; (o) the Company's access to debt financing at
competitive rates; and (p) uncertainty in estimating contingent liabilities
and establishing reserves tailored to address such contingencies.




For further information:

For further information: Mr. Michael Scholz at (604) 587-4879; Sandi
DiPrimo, Investor Relations Contact, (604) 587-4938


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