IRVINE, Calif.--(BUSINESS WIRE)--Avalon Capital Holdings Corporation (Pink Sheets:AVAL) announced today that Mitchell Eaglstein has been named Chief Operating Officer of the U.S.-based technology holding company effective today. After an extensive search process, the Company has selected Mr. Eaglstein to be the newest member of its Senior Executive Management. Mr. Eaglstein will be responsible for managing the day-to-day operations of Avalon Capital Holdings as well as its wholly owned subsidiary, Traders Development, LLC.
Prior to his appointment as the Company’s COO, Mr. Eaglstein held the position of Vice President - Marketing at Traders Development, LLC, where he worked to build relationships with financial firms such as FC Stone Group Inc. (NASDAQ:FCSX); HotSpotFX, a subsidiary of Knight Capital Group Inc. (NASDAQ:NITE); and Bank of America (NYSE:BAC). Prior to that, Mr. Eaglstein was the Chief Operating Officer at a California-based Futures Commission Merchant (a “FCM”) registered with the National Futures Association. In that capacity, he performed numerous operational roles in the areas of Sales, Customer Service, Marketing, Trading and Compliance and substantially increased trading capital utilizing the Avalon FX Pro™ Platform.
Mr. Eaglstein is a member of the National Society of Collegiate Scholars. In May of 2005, he became an Associated Person of an FCM registered with the National Futures Association. In 2002, Mr. Eaglstein co-founded Campus Universe, Inc., an online marketplace that specialized in consignment textbooks and classified ads. The website won the 2002 Golden Web Award.
Dr. Vladimir Karpenkov, CEO of Avalon Capital Holdings, stated, “Avalon is building a world-class executive management team. By elevating Mr. Eaglstein to his new position, we are recognizing his status as one of the most knowledgeable and successful players in our industry. Mr. Eaglstein’s existing relationships within our industry and his understanding of both the financial markets and electronic trading systems make him the ideal person to be our COO. We are confident that this is another important step towards fulfilling our firm’s ambitious goals.”
About Avalon Capital Holdings Corporation
Avalon Capital Holdings Corporation, through its subsidiaries, develops, markets and distributes high-performance trading software for financial companies that engage in online trading. The Company offers products related to the Foreign Exchange (“Forex”), the world’s largest capital market according to The Bank of International Settlements. For additional information please visit www.avaloncapitalholdings.com or e-mail firstname.lastname@example.org.
About Traders Development, LLC
Traders Development, LLC is a financial software company based in Irvine, California. Traders Development plans to be a leading technology provider of foreign exchange trading and data solutions to trading professionals and qualified organizations. Traders Development also provides turn-key or customized solutions to qualified organizations including dealing interface (or graphic user interface-GUI), application program interface (API), back-office processing, database, servers, technical support and upgrades. Traders Development has developed and owns its proprietary Forex trading platform, Avalon FX Pro™. For additional information contact email@example.com.
A number of statements referenced in this Press Release are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may,” “could,” or “might” occur. Such statements reflect the current views of Avalon Capital Holdings Corporation with respect to future events and are subject to certain assumptions, including those described in this Release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
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