Avatar Ventures Corp. Provides Corporate Update
CARSON CITY, NV -- (Marketwired) -- 11/08/13 -- Avatar Ventures
Corp. (OTC Pink: ATAR) ("Avatar" "ATAR" or the "Company") is pleased
to provide this update to its shareholders and the investment
Edward Minnema, President and CEO of Avatar, has, since taking over
management of the company, identified the liabilities owing to its
service providers prior to his appointment. Mr. Minnema states, "We
are pursuing a number of viable entities to complete a suitable
business transaction for all parties and shareholders. Avatar has
recently raised initial funds to facilitate cleaning up its debt and
bringing its filings up to current status. As we are seeking a
revenue producing company and/or a company with great prospects of
being a revenue producer, we feel that having Avatar in an attractive
position will enhance that opportunity." Mr. Minnema has advanced a
portion of the funds personally.
Avatar is pleased to report that it has over the last few weeks
updated its filings with the Secretary of State of Nevada to current
status and has updated its company information page on the OTC
Markets website to verified profile. For details see
In closing, Mr. Minnema stated that on behalf of Avatar he has been
actively reviewing and has been in talks with a number of exciting
private prospects. The number has been narrowed down considerably and
Mr. Minnema is optimistic that he will release a further update in
this regard in the near future.
About Avatar Ventures Corp.
Avatar Ventures Corp. is a junior
public company currently investigating revenue producing businesses
ventures including those in the high tech sector. With an
advantageous share structure and through the building of a solid
management team, the company will endeavor to provide increased
shareholder value and at the same time minimize dilution so as to
provide maximum return for shareholders. We invite current and
prospective shareholders to contact us and learn more about our
company by calling Ed Minnema or emailing him at the contact info
below. Avatar Ventures Corp. has registered a new website address,
www.avatarvcorp.com, which is presently under construction.
Safe Harbour Statement: This release contains "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, and such forward-looking statements are made
pursuant to the safe harbour provisions of the Private Securities
Litigation Reform Act of 1995. "Forward-looking statements" describe
future expectations, plans, results, or strategies and are generally
preceded by words such as "may," "future," "plan," or planned, "will"
or "should," "expected," "anticipates," "draft," "eventually" or
"projected." You are cautioned that such statements are subject to a
multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the forward-looking statements, including the risks that
actual results may differ materially from those projected in the
Avatar Ventures Corp.
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