Michael Mansouri joins Avalon Technology to lead Global Market Expansion

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ARLINGTON, VA – July 9, 2008 – Avalon Technology Inc. (Avalon), a provider of full lifecycle single-source mobile computing and communications solutions, today announced it has named Michael Mansouri as Avalon’s Chairman of the Board. Mr. Mansouri is commissioned with guiding the company through its next high-growth phase and expanding Avalon’s mobile and security practices into key market segments worldwide. Mansouri is a veteran senior executive with more than 25 years experience in the global data communications and information systems industries. Most recently, as President and CEO of OmniTrust Security Systems, Mansouri established the company as an internationally recognized leader and negotiated its sale to Heisei Denden of Japan. Prior to OmniTrust, as Chairman and CEO of iPass, Mansouri quadrupled the company’s revenue in less than 3 years and initiated the industry’s first wireline and wireless global broadband offering with Cisco partnership, and raised $75 million in VC and strategic funding which resulted in successful IPO in 2003. “We are thrilled to have Mr. Mansouri as a part of our winning team at Avalon,” said Irv Rodrigues, President and CEO of Avalon. “Mr. Mansouri is a seasoned executive with proven industry experience. His vision, level of expertise, and proven success is exactly what we need to drive Avalon’s expansion into the global market,” added Irv Rodrigues. “I am proud to join Avalon during this exciting time of record growth and landmark success for the company,” said Michael Mansouri, Avalon’s Chairman of the Board. “Avalon has established itself as a recognized leader in mobile computing and communications in the U.S. and its now time to take them to the next level. I look forward to ramping-up our success as we open new markets abroad and further accelerate our position as a global leader in the mobility management and securities industries,” added Michael Mansouri. Irv Rodrigues and Michael Mansouri have been building shareholder value together for over 20 years in four different companies. Avalon currently has an established base of business in the U.S. in Federal and commercial markets and has projected an annual revenue of $15 million for 2008. About Avalon Technology, Inc. Avalon Technology is a leader in providing mobile communications and computing services and solutions to commercial and government clients. Avalon is the recent award recipient of the GSA FSSI Wireless Telecommunications Expense Management (TEM) contract to streamline the procurement and management of wireless devices and services used by the Federal Government. Avalon has also recently won a State of Virginia contract to provide TEM audit services to 299 agencies in the Commonwealth. Since 2002, Avalon has grown significantly and expanded its field offices to locations throughout the nation. Inc. Magazine has named Avalon one of the 5,000 fastestgrowing private companies in America ? and the 50th fastest growing company in the Washington metro area. Avalon’s clients include U.S. Army, Department of Justice (DOJ), Federal Deposit Insurance Corporation (FDIC), Department of Veterans Affairs (VA), U.S. Department of Agriculture (USDA), Department of Transportation (DOT), U.S. Customs and Border Protection (CBP), Siemens, Sun Microsystems and other commercial and Federal entities. Avalon is a SBA 8(a) Certified Small Business. Please visit us at www.avalontechnology.com for further information. About Michael Mansouri Michael Mansouri has over 25 years experience in high tech software and systems, telecommunications, data communications and information systems industries serving U.S., Latin America, Asian and European¬† markets. Mr. Mansouri has a proven track record in general management, P&L management, sales/marketing, and deployment of software, systems, and networks worldwide. He is skilled in raising capital, building sales channels, scaling companies to profitability, preparing for IPOs, creating strategic alliances, preparing M&A activities, managing complex sales for both services and turnkey solutions (hardware & software), launching new service initiatives and attracting and leading top industry executives. www.michaelmansouri.com.
Avalon Technology, Inc.
2008-07-15