Business
Allen-Vanguard receives $10 million order for electronic counter-measures equipment from Commonwealth customer
OTTAWA, June 5 /CNW Telbec/ - Allen-Vanguard Corporation (the "Company" or "Allen-Vanguard") (TSX...
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n\n\n\nOTTAWA, June 5 /CNW Telbec/ - Allen-Vanguard Corporation (the "Company"\nor "Allen-Vanguard") (TSX: VRS) of Ottawa, Canada today announced that it has\nreceived an order valued at USD $10 million for dismounted electronic\ncounter-measures equipment ("ECM" or "jammers") for a Commonwealth customer.\n\n\nThe Company previously stated on May 15, 2008 with the release of its\nsecond quarter results for fiscal 2008 that it was processing approximately\n$50 million in expected orders for ECM equipment in the very near term. "We\nare pleased to see this pending order progress to a formal contract," said\nDavid E. Luxton, Company President and CEO. "This additional order underlines\nthe continued confidence in our battle-proven counter-IED systems and services\nand we are proud to be supporting the vital mission of a key Commonwealth\ncustomer."\n\n\nThe Company stated that the order is scheduled for delivery through the\nfourth quarter of fiscal 2008 and the first quarter of fiscal 2009.\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 acquisitions or\ndispositions, is also a forward-looking statement. Forward-looking statements\nare based on current expectations and projections about future events and are\ninherently subject to, among other things, risks, uncertainties and\nassumptions about the Company and economic factors. Forward-looking statements\nare not promises or guarantees of future performance, and actual events and\nresults could differ materially from those expressed or implied in any\nforward-looking statements made about the Company. Any number of important\nfactors could contribute to these digressions, including, but not limited to,\...