Avalon Technology Grp (fka AVLN)

[Beardeus]

IDS has previously informed the NASD that it would delay the record date for a short period of time in order to complete all aspects of the HLS transaction before the special dividend payout to insure its objective of long-term shareholder value. IDS legal and accounting advisors have now determined that all components of the HLS transaction will be completed in its entirety to comply with all aspects of SEC Rule 10b-17 by April 21, 2006. The new record date for the Special Dividend will be one week later on April 28, 2006 with a payment date of May 15, 2006.