AVP to become private company
Board chooses to deregister stock effective Friday
By Kelly O'Rourke / Special to avp.com

In a recent meeting of the AVP's Board of Directors, the decision was
unanimously reached for the publicly traded company to voluntarily
deregister its stock. The process to deregister the company's stock
begins tomorrow when the AVP will file a Form 15 with the U.S.
Securities and Exchange Commission.

By filing a Form 15, the AVP voluntarily deregisters its common stock
and forgoes certain obligations to file reports with the Securities
and Exchange Commission, including Forms 10-K, 10-Q, and 8-K. The AVP
meets the eligibility requirements of deregistration through Form 15,
by having less than 300 holders of common stock.

The Over the Counter Bulletin Board will pull AVP's common stock off
of the market after the Form 15 is filed. The AVP has traded on the
OTC Bulletin Board since its initial public offering in 2005.

Jason Hodell, the company's Chief Financial Officer, explains the
effect on current shareholders. "Shareholders of AVP stock as of
Friday, December 19 become shareholders in a private company. As
such, shareholders will no longer be able to trade shares in the OTC
market. We are doing this for two primary reasons, cost and our stock
exchange limitations. First, in today's climate, the cost of being a
public company is expensive — typical cost assumptions being $500,000
to $1 million a year. In a tough economic climate, we could not
justify that expense anymore. Second, the AVP does not currently
qualify for status on a major exchange (like Nasdaq, AMEX or NYSE),
thus the OTC market is the only exchange currently available to
shareholders. Unfortunately, the OTC market has limited trading
volume (hence liquidity) and many large financial institutions, which
account for the majority of stock ownership on major exchanges,
cannot own securities traded OTC. Hence going-private becomes the
best route once you accept the premise that trading OTC is not a
great benefit to our franchise."

Leonard Armato, the AVP's Chief Executive Officer, also shared the
same feelings towards deregistration and the future of the company.
"The Board believes that deregistering will result in significant
reductions in our accounting, legal and administrative expenses and
will enable our management to focus its time and resources on the
operation of our company and the growth and development of our
sport."

The AVP will hire an accounting firm to review annual financial
statements and will continue to release important business
announcements to the public.