Symbol: AWB: TSXV
OTTAWA, Nov. 15 /CNW Telbec/ - Avalon Works Corp. ("Avalon" or the
"Corporation") (AWB: TSXV) received notice that the current ETS contract with
the Federal Government of Canada will be terminated effective December 21,
2007. The new ETS contract was awarded to CGI Group Inc. and its partners. The
Corporation was not part of the winning bid.
As a result, Avalon gave notice of terminations to its employees and
sub-contractors working under the current ETS contract. Remaining income
generating activities will continue as will management's effort to cut costs
and seek other viable business opportunities.
Avalon is an e-business facilitator company. Avalon's electronic service
delivery includes e-business architecture and design, Web application design,
development and maintenance, and Information Technology project and program
management, as described in more detail at www.avalonworks.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Claudio Mirella, CEO, (613) 594-8992, Fax: