Ronin Investments Managing Company Ltd Invests in AVT

AVT ended 2007 with an increase of 40 percent of revenues to US$ 39.9 million, compared to revenues of US$ 28.5 million in 2006. Part of the sharp increase in revenues stems from the first consolidation in the fourth quarter of 2007 of the financial results of GMI (Graphic Microsystems, Inc.), acquired in October 2007 for US$ 33.5 million. AVT credits its growth in revenues to good market conditions in 2007 that led to an increase in its packaging and label printing business. AVT’s net income registered in 2007, without the consolidation of GMI’s results, increased by 23 percent to US$ 6.66 million.