Allen-Vanguard to hold Special Meeting on Amended Stock-based Compensation Plans

    Revised plans designed to meet ISS recommended metrics

    OTTAWA, Sept. 12 /CNW Telbec/ - At its special meeting of shareholders to
be held at 10:00 am Friday, September 21, 2007 in Ottawa, Allen-Vanguard
Corporation (TSX:VRS) ("Allen-Vanguard" or the "Company") will be submitting
for approval certain revisions and updates to its Stock Option Plan as
described in the Information Circular for the meeting and as further
supplemented in this press release.
    In order to ensure that the amended Stock Option Plan and the proposed
Non-Employee Directors Option Plan and Restricted Stock Unit Plan of
Allen-Vanguard meets the recommended metrics of Institutional Shareholder
Services (ISS), it is proposed that amending resolutions be introduced at the
Special Meeting to provide for the following which supplements information in
the Information Circular dated August 14, 2007:

    1. a change to the proposed percentage based plan, or "rolling plan",
       which will permit 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 proposed Non-Employee Directors' Stock Option Plan which would
       contain the same terms as the Stock Option Plan, including the
       proposed amendments, except that participation would be limited to
       non-employee directors of the Corporation and the maximum number of
       common shares that may be reserved under the plan would be 1% of the
       total number of issued and outstanding common shares at the time of
       any grant thereunder;

    3. a proposed Restricted Stock Unit ("RSU") Plan under which the maximum
       number of common shares that may be 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.. This would not be a "rolling" plan.

    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"),
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
or training operations in Stoney Creek, Ontario; Wiltshire UK, 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

    To find out more about Allen-Vanguard Corporation (TSX:VRS), visit our
website at
    %SEDAR: 00018026E

For further information:

For further information: Elisabeth S. Preston, (613) 614-4884

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