Allen-Vanguard announces agreement with its lenders

About this update from Verisante Technology, Inc.

[{"type":"text","content":"\n\n\n\nOTTAWA, Sept. 1 /CNW Telbec/ - Allen-Vanguard Corporation (TSX: VRS)\n("Allen-Vanguard" or the "Company") of Ottawa, Canada today announced that it\nreached an agreement with its Lending Syndicate ("Lenders") that (i) defers\nthe interest payment payable August 31, 2009 to September 14, 2009, and (ii)\nwaives compliance with certain provisions under the existing credit agreement\nwith the Lenders dated December 29, 2008, as amended.\n\n\nForward looking statements\n\n\nThis press release may contain forward-looking statements, which reflect\nAllen-Vanguard's current expectations regarding future events, its strategy,\nexpected performance and condition. Forward-looking statements include\nstatements that are predictive in nature, that depend upon or refer to future\nevents or conditions, or that include words such as "expects," "anticipates,"\n"plans," "believes," "estimates" or negative versions thereof and similar\nexpressions. In addition, any statement that may be made concerning future\nperformance, strategies or prospects, and possible future investments,\nacquisitions or dispositions, is also a forward-looking statement.\nForward-looking statements are based on current expectations and projections\nabout future events and are inherently subject to, among other things, risks,\nuncertainties and assumptions about the Company and economic factors.\nForward-looking statements are not promises or guarantees of future\nperformance, and actual events and results could differ materially from those\nexpressed or implied in any forward-looking statements made about the Company.\nAny number of important factors could contribute to these digressions,\nincluding, but not limited to, general economic, political and market factors\nin North America and internationally, interest and foreign exchange rates,\nglobal equity and capital markets, business competition, technological change,\nchanges in government regulations, unexpected judicial or regulatory\nproceedings, and catastrophic events. We stress that the above-mentioned list\nof important factors is not exhaustive. We encourage you to consider these and\nother factors carefully before making any investment decision and we urge you\nto avoid placing undue reliance on forward-looking statements. F...

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