Valuation Services & Fairness Opinions

Avitar, Inc.

Serving as an approved AAA arbitrator in a contract performance dispute for an aircraft parts distributor.

EC Outlook

Rendered a fairness opinion in the acquisition of EC Outlook, a B-to-B global process integration solution firm with mission-critical supply chain, demand chain and financial transaction processing capabilities, by ChemConnect, Inc. an e-commerce leader in optimizing purchasing and sales processes for chemical, plastic and related products.

Factory Card Outlet

Provided a warrant and employee stock valuation at the time of the initial public offering of this leading chain of company-owned superstores offering a vast assortment of party supplies, greeting cards, gift wrap and other special occasion merchandise at everyday value prices.

Food Manufacturer

Valued privately held food manufacturer and advised in the sale of a minority interest.

ICTS International NV

Rendered fairness opinion regarding an investment and management arrangement between ICTS International NV and International Tourist Attractions Ltd. a private company that develops equipment and media for entertaining and educational tourist attractions. ICTS(NASDAQ:ICTS) provides premier other security services throughout Europe and the U.S., based on profiling, smart card, image recognition and other leading edge techniques and technology systems.

Vetco, Inc.

Appointed by the Supreme Court of the State of New York, County of Nassau as a neutral expert to value a minority shareholder's ownership after a rescinded 1996 Initial Public Offering. Vetco developed and distributed pediatric over-the-counter healthcare products including Little Noses nasal products, Little Tummys digestive health products, Little Colds cough/cold remedies and Little Remedies New Parents Survival Kits. In 2004, Vetco was acquired by Prestiges Brands, Inc.

* Indicates transactions were completed by Avalon Net Worth senior executives while employed at previous firms