The Company will distribute the shares which it owns in Oiltek to Avalon’s shareholders on a date determined by its Board of Directors.We are pleased to be able to offer Avalon shareholders of record a stock dividend upon Board approval, and to spin off Oiltek as an OTCBB Company instead of a Pink Sheet Company. We expect the Board to select a record date in the next few weeks,” added Rodriguez.
Shares Float 63,770,000
Total Shares Outstanding 99,412,193
% Owned by Insiders 35.86 %