Avoca, Incorporated No Longer Traded Over-The-Counter

Avoca, Incorporated No Longer Traded Over-The-Counter 


NEW ORLEANS, Dec. 28  /PRNewswire-FirstCall/ -- Avoca, Incorporated announces
the filing and acceptance of its Certification and Notice of Termination of
Registration Under Section 12(G) of the Securities Exchange Act of 1934.  The
de-registration follows a previously-announced shareholder vote to effect a 100
to 1 reverse stock split of Avoca's common stock, which became effective on
December 10, 2004.  The filing of the Certification and Notice with the
Securities and Exchange Commission completed Avoca's going-private transaction,
and as a result the trading of shares of Avoca's stock will no longer be
reported on the Over-the-Counter Electronic Bulletin Board, but will be traded
through the "pink sheets".

Shareholders will soon receive a letter with instructions for turning in their
old share certificates for new ones and/or cash.  Fractional shares will
receive $28 per old share as no fractional shares will be issued.

Avoca also announced that it has declared an annual dividend of $350 per
post-split share, payable January 31, 2005, to shareholders of record January
14, 2005, on its no-par-value common capital stock.

Avoca, Incorporated owns most of Avoca Island south of Morgan City, Louisiana,
which contains approximately 16,000 acres of land used for mineral and surface
operations. 

DATASOURCE: Avoca, Incorporated



CONTACT:  Paul Hogan, III of Avoca, Incorporated, [phone], or

 

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