Business
Allen-Vanguard receives $7 million order for electronic counter-measures equipment from Commonwealth customer
OTTAWA, April 1 /CNW Telbec/ - Allen-Vanguard Corporation (the "Company" or "Allen-Vanguard") (TS...
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n\n\n\nOTTAWA, April 1 /CNW Telbec/ - Allen-Vanguard Corporation (the "Company"\nor "Allen-Vanguard") (TSX: VRS) of Ottawa, Canada today announced that it has\nreceived an order for vehicle-mounted electronic counter-measures equipment\n("ECM" or "jammers") valued at C$7 million for a Commonwealth customer. The\nbulk of the order is scheduled for delivery in late fiscal 2009 and the\nbalance in early fiscal 2010.\n\n\n"This is an initial order pursuant to a contract amendment with further\nexercisable options," said David E. Luxton, President and CEO. "We are pleased\nat the continued confidence in our battle-proven counter-IED systems, and\nproud to be supporting the vital mission of a key Commonwealth customer."\n\n\nForward looking statements\n\n\nThis press release may contain forward-looking statements, which reflect\nAllen-Vanguard and Tailwind Financial Inc's current expectations regarding\nfuture events, strategy, expected performance and condition. Forward-looking\nstatements include statements that are predictive in nature, that depend upon\nor refer to future events or conditions, or that include words such as\n"expects," "anticipates," "plans," "believes," "estimates" or negative\nversions thereof and similar expressions including the completion of the\ntransaction, the expected benefits of the transaction and the completion of\nthe Rights Offering. In addition, any statement that may be made concerning\nfuture performance, strategies or prospects, and possible future acquisitions\nor dispositions, is also a forward-looking statement. Forward-looking\nstatements are based on current expectations and projections about future\nevents and are inherently subject to, among other things, risks, uncertainties\nand assumptions about the parties and economic factors. Forward-looking\nstatements are not promises or guarantees of future performance, and actual\nevents and results could differ materially from those expressed or implied in\nany forward-looking statements made about Allen-Vanguard or Tailwind. Any\nnumber of important factors could contribute to these digressions, including,\nbut not limited to, general economic, political and market factors in North\nAmerica and internationally, interest and foreign exch...