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London, UK - August 29, 2008 - Avro Energy, Inc. (OTCBB: AVOE) is pleased to provide the following corporate update to its shareholders. The Company obtained its listing on the OTC Bulletin Board in June 2008. Since obtaining the listing, the Company has continued to look for additional key acquisitions to expand its portfolio of holdings. Further to that end, the Company has retained the services of an independent qualified valuator to provide the Company with a certified valuation on several properties that it is interested in. As yet, the Company has not signed any agreements for acquisitions or to enter into any acquisitions. The Company will immediately disclose any agreements it enters into. The Company has hired the valuator in order to provide a base value for the properties it is interested in, in order to provide a qualified basis for financing the potential purpose of the acquisitions.
Michael Kurtanjek, the President and CEO of Avro Energy, commented, "We are pleased to have retained the services of an independent valuator in order to determine a base valuation on several properties that we have identified as potential acquisition that will create additional value to the Company and its shareholders. This step underscores the Company's commitment to build out its business plan and create additional value for the shareholders of the Company."
Forward-Looking Statements
Cautionary Note to U.S. Investors -- We may use certain terms in our press releases and on our website such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' "retained", "valuation", "potential", ``interested,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. You can review and obtain copies of our filings from the SEC's website at http://www.sec.gov/edgar.shtml.
The OTC BB has not reviewed or does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Contact:
Michael Kurtanjek Avro Energy Inc. 9 Church Lane West Sussex, England RH103PT Telephone: 011-44-77-68-511-988