Replies to post #14470 on Avitar, Inc. (AVTI)

[kevinsPENNY]

I see now the 8-K form was a notice of the agreement between Johnny Famous Shoes and Avitar, Inc. for the purpose of financing the shoe production.

On May 31 st , 2010 Avitar, Inc.(“Avitar”) 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. Avitar, Inc. has agreed to finance the summer run of production as well as to be involved in the management of this project. Avitar is to get first moneys out of the project as well as a share of the profits. If this project is successful, Avitar can fund future production runs as Johnnie’s may require.

It was the first link listed under the Financials tab on the OTC website, thanks for pointing that out. I would expect the actual financials to be released anytime.

From OTC website
http://www.otcmarkets.com/stock/AVTI/financials