Avalon Capital Holdings (fka AVLC)

[joelegs]

Avalon Capital Holding Licenses Avalon FX Pro 4.1 Trading Platform to MF Global, Canada
Friday, May 16 2008 - 8:00

AVAL $0.125 $-0.005 (%-3.85)

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--

Avalon Capital Holdings Corporation (OTC:AVAL), and its wholly owned subsidiary, Traders Development LLC, announced today a licensing deal with MF Global Canada Co., for its Avalon FX Pro Trading software. MF Global Canada is a Canadian investment dealer and futures commission merchant specializing in futures, options and foreign exchange. It is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.

MF Global Canada clients will have access to the entire suite of the Avalon FX Pro 4.1 Trading Terminal, which is available for download at http://www.mfglobal.ca/avalon_fx_pro.html.

In making the announcement, Vladimir Karpenkov, CEO of the Avalon Capital holdings stated, "Today's announcement demonstrates that Avalon FX Pro technology is a best of breed solution for Financial Institutions, which offer Foreign Currency trading to their clients."


Mitchell Eaglstein, COO of Avalon Capital Holdings stated, "We look forward to working with the talented team at MF Global Canada to distribute Avalon FX Pro technology to Canadian Retail Foreign Exchange traders."

Avalon FX Pro Trading software including front-end, back office, FX Pro USB, and Avalon Forex Academy, is one of the most easy-to-use trading terminals designed for currency exchange operations in the FX spot market. The platform offers clients stability, flexibility, and fast response time. Avalon FX Pro 4.1 is available in several language options for trading such as English, Russian, Chinese, Japanese, Turkish, and French, and the link to the software is available on the MF Global, Canada website http://www.mfglobal.ca/avalon_fx_pro.html for client download.

About Avalon Capital Holdings Corporation

Avalon Capital Holdings Corporation, through its subsidiaries, develops, markets and distributes high-performance trading software for financial companies that engage in online trading. The Company offers products related to the Foreign Exchange ("Forex"), the world's largest capital market according to The Bank of International Settlements. For additional information please visit www.avaloncapitalholdings.com or email [e-mail].

About Traders Development, LLC

Traders Development, LLC is a financial software company based in Irvine, California. Traders Development plans to be a leading technology provider of foreign exchange trading and data solutions to trading professionals and qualified organizations. Traders Development also provides turn-key or customized solutions to qualified organizations including dealing interface (or graphic user interface-GUI), application program interface (API), back-office processing, database, servers, technical support and upgrades. Traders Development has developed and owns its proprietary Forex trading platform, Avalon FX Pro. For additional information contact [e-mail].

A number of statements referenced in this Press Release are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Such statements reflect the current views of Avalon Capital Holdings Corporation with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.

Avalon Capital Holdings Corporation does not undertake any responsibility to update the "forward-looking" statements contained in this news release. Any communications received by fax or e-mail concerning Avalon Capital Holdings Corporation which have not been authorized by the Company or its investor relations/media advisory firm are specifically disavowed by the Company.

Source: Avalon Capital Holdings Corporation