Avcorp Industries reported that Mr. Michael C. Scholz, Chairman, Avcorp Industries has acquired securities of Avcorp Industries Inc. which have taken him over securities reporting thresholds. On October 8 and 10, 2008, Mr. Scholz acquired 75,000 common shares of the Company, which when taken together with the 6,468,762 common shares already held or controlled by Mr. Scholz, represents 20.2% of the total issued and outstanding securities of Avcorp Industries Inc. The securities were acquired for investment purposes.
Avcorp Industries Inc. is listed on the TSX Exchange and trades under the trading symbol AVP. Mr. Scholz may acquire further shares of Avcorp Industries Inc. in the market or otherwise for investment purposes.
