Sunday, August 15, 2010 4:22:33 PM
"Recently, AVTI announced that they have entered a Joint Venture Agreement with Johnnie's Famous Shoes, Inc. ("Johnnie's") of New York for the purpose of financing, producing and distributing its summer run of high end, luxury, Men's footwear. AVTI has agreed to finance the summer run of production as well as to be involved in the management of this project. AVTI is to get first moneys out of the project as well as a share of the profits. If this project is successful, AVTI can fund future production runs as Johnnie's may require. "
http://www.prlog.org/10819090-genesis-equity-research-initiates-coverage-on-avitar-inc-avti.html
http://www.marketwatch.com/story/avitar-inc-enters-jv-agreement-with-johnnies-famous-shoes-2010-06-29
Avitar, Inc. (PINKSHEETS: AVTI) is pleased to announce that its Joint Venture with Johnnie's Famous Shoes, Inc. ("Johnnie's") of New York is proceeding on target with product currently in production in Mexico and is expected to be shipped to stores sometime between August 30 and September 15th, 2010.
http://ih.advfn.com/p.php?pid=nmona&article=43895102&symbol=AVTI
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