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2008 Press Releases

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12/01/08Avatech Solutions Launches BIMreview Software for the Autodesk Revit Platform
Technology Meets Industry Needs by Automatically Checking, Correcting and Managing Models for Optimal Building Information Modeling Process BALTIMORE & LAS VEGAS, Dec 01, 2008 (BUSINESS WIRE) -- Avatech Solutions, Inc. (OTCBB: AVSO), America's leading professional services company for design and engineering technologies, today announced the launch of BIMreview. This new product is the first and only application for the Autodesk Revit platform that finds inconsist... 
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11/14/08Avatech Solutions Maintains Profitability in Fiscal 2009 with Net Income for First Quarter
BALTIMORE--(BUSINESS WIRE)--Nov. 14, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering, and facilities management, announced financial results for its fiscal first quarter ended September 30, 2008. For the first quarter of fiscal 2009 the Company reported revenues of $10.8 million, compared to $12.4 million in the prior-year quarter. Selling, general & administrative (SG&A) expenses decreased to $4.4 million in the three months ... 
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11/12/08Avatech Solutions Experiences Rising Demand for Green Building Technology and Services
Architecture and Engineering Firms Investing in Avatech's Building Information Modeling Expertise BALTIMORE--(BUSINESS WIRE)--Nov. 12, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), America's leading technology expert for design, engineering, and facilities management, announced that a growing number of customers are using its professional services to effectively and efficiently implement the technology necessary to design and construct greener buildings. Avatech's expertise in the a... 
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11/07/08Avatech Solutions to Report Fiscal 2009 First Quarter Results on Friday, November 14, 2008
Management will host a conference call at 11:00 am ET BALTIMORE--(BUSINESS WIRE)--Nov. 7, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering and facilities management, announced it will release its financial results for the quarter ended September 30, 2008, before the market opens on Friday, November 14, 2008. The Company has scheduled a conference call for 11:00 a.m. Eastern Time on the same day. The dial-in numbers for the ... 
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09/29/08Avatech Solutions Reports Fourth Consecutive Quarter of Profitability and Net Income of $3.1 Million in Fiscal 2008
Earnings Per Fully Diluted Share Increased to $0.15 in Fiscal Year 2008 Adjusted EBITDA increased 279% to $4.7 million in Fiscal 2008 BALTIMORE--(BUSINESS WIRE)-- Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering, and facilities management, today announced financial results for its fiscal fourth quarter and year ended June 30, 2008. For the fourth quarter of fiscal 2008, the Company reported revenues of $11.5 million, compared to $11.5... 
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09/25/08Avatech Solutions Consulting Group Lands $900,000 in Services Projects
Three leading U.S. Manufacturers Will Gain Game-Changing Competitive Advantages BALTIMORE--(BUSINESS WIRE)--Sept. 25, 2008--Avatech Solutions, Inc. (OTCBB:AVSO), the nationwide technology services experts for design, engineering, and facilities management, announced today three new customer agreements secured by its Manufacturing Consulting Services Group that will provide more than $900,000 in consulting-related business. The customers investing in Avatech's expertise are industry-le... 
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09/22/08Avatech Solutions to Report Fiscal 2008 Fourth Quarter and Year-End Results on Monday, September 29, 2008
Management will host a conference call at 11:00 am ET BALTIMORE--(BUSINESS WIRE)--Sept. 22, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering and facilities management, announced it will release its financial results for the quarter and fiscal year ended June 30, 2008, before the market opens on Monday, September 29, 2008. The Company has scheduled a conference call for 11:00 a.m. Eastern Time on the same day. The dial-in n... 
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08/26/08Avatech Solutions Reports Preliminary Net Income for Fiscal 2008
Company achieves record earnings per fully diluted share of $0.15 during fiscal 2008 BALTIMORE--(BUSINESS WIRE)--Aug. 26, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering, and facilities management, today announced preliminary unaudited financial results for its fiscal fourth quarter and year ended June 30, 2008. For the fourth quarter of fiscal 2008, Avatech expects to report total revenue of approximately $11.5 million, c... 
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07/28/08Avatech Experiences Increased Demand for Dynamic Modeling Services
Civil Engineering Clients Increase Competitive Advantage BALTIMORE, Md.--(BUSINESS WIRE)--July 28, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology expert for design, engineering, and facilities management, announced today that the company is experiencing greater demand for its professional services offering as an increased number of civil engineering firms adopt 3D dynamic modeling. Leading engineering companies like Marbach, Brady & Weaver, as well as Hanso... 
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06/05/08Avatech Solutions Launches New Manufacturing Consulting Services Group
Company leverages unique market position to diversify and expand business BALTIMORE--(BUSINESS WIRE)--June 5, 2008--Avatech Solutions, Inc. (OTCBB:AVSO), the nationwide technology services experts for design, engineering, and facilities management, today announced the launch of the Avatech Consulting Services Group to meet the needs of the manufacturing sector. Trading on Avatech's years of experience in engineering and design solutions, this new group will focus on providing ... 
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05/27/08HDR Increases Investment in Autodesk BIM Solutions
Global Architecture and Engineering Firm to Expand Use of BIM to Foster Interdisciplinary Design Collaboration and Increase Productivity SAN RAFAEL, Calif. and BALTIMORE, May 27 /PRNewswire-FirstCall/ -- Autodesk, Inc. (Nasdaq: ADSK - News) and Avatech Solutions, Inc. (OTC Bulletin Board: AVSO - News) today announced that HDR, Inc. is adding the Revit platform as one of its tools for building information modeling (BIM) to help increase productivity and foster greater interdisciplinary design ... 
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05/14/08Avatech Solutions Reports Third Consecutive Quarter of Profitability and Net Income of $1.0 Million
Earnings Per Fully Diluted Share Increased to $0.12 for the Nine Months Ended March 31, 2008 Third quarter service revenue increases 11% year-over-year to $3.1 million BALTIMORE--(BUSINESS WIRE)--May 14, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering, and facilities management, today announced financial results for its fiscal third quarter and nine months ended Mar... 
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05/07/08Avatech Solutions to Report Fiscal 2008 Third Quarter Results on Wednesday, May 14, 2008
Management will host a conference call at 11:00 am ET BALTIMORE--(BUSINESS WIRE)--May 7, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering and facilities management, announced it will release its financial results for the quarter and nine months ended March 31, 2008, before the market opens on Wednesday, May 14, 2008. The Company has scheduled a conference call for 11:00 a.m. Eastern Time on the same day. The dial-in nu... 
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04/29/08SHW Selects Avatech for Multi-Year BIM Project
Avatech's Nationwide Consulting, Support, and Development Services Clinch Business BALTIMORE--(BUSINESS WIRE)--April 29, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering, and facilities management, announced today that SHW Group, a leading architectural firm, has hired Avatech to assist in implementing a state-of-the-art Building Information Model (BIM) technology platform. The plan incorporates consulting services, custom trai... 
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04/22/08Avatech Solutions to Present at LD Micro Growth Conference in Los Angeles
BALTIMORE--(BUSINESS WIRE)--April 22, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering and facilities management, announced today that George Davis, President and Chief Executive Officer, will present at the LD Micro Growth Conference in Los Angeles, CA on Tuesday, April 29, 2008 at 12:30 p.m. PT. During his presentation Mr. Davis will provide an overview of the Company's design automation and technology services, and review f... 
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03/11/08Avatech Solutions Selects KCSA Strategic Communications as Investor Relations Agency
BALTIMORE, Mar 11, 2008 (BUSINESS WIRE) -- Avatech Solutions, Inc. (OTC BB: AVSO), the nationwide technology experts for design, engineering and facilities management, today announced that it has selected KCSA Strategic Communications, a leading New York-based communications firm, as its investor relations agency. In working with Avatech, KCSA will implement a comprehensive investor relations campaign designed to build greater awareness of the Company's unique engineering consulting servi... 
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02/28/08Ledy Design Engages Avatech Solutions to Generate Long-Term Competitive Advantage
Technology Solutions Will Foster Partnerships and Increase Efficiencies BALTIMORE--(BUSINESS WIRE)--Feb. 28, 2008--Avatech Solutions, Inc. (OTCBB:AVSO.OB), the nationwide technology experts for design, engineering, and facilities management, announced today that Ledy Design Group has hired Avatech to help keep their firm at the forefront of architectural excellence while reducing time and money throughout the design process. Avatech will generate a detailed technology roadmap and ... 
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02/14/08Avatech Solutions Announces Profitable Second Fiscal Quarter with Net Income Rising 69%
Net income increases to $855,000 Overhead costs decline by $644,000 Services revenue increases by 14% BALTIMORE--(BUSINESS WIRE)--Feb. 14, 2008--Avatech Solutions, Inc. (OTCBB:AVSO.OB), the nationwide technology experts for design, engineering, and facilities management, today announced financial results for its second fiscal quarter ended December 31, 2007. For the second quarter of fiscal 2008, the Company reported revenues of $12,931,000 compared to $12,412,000 in the prio... 
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02/05/08Avatech Solutions to Report Second Quarter 2008 Results and Hold Conference Call on Thursday, February 14
- Conference Call to be Held at 11:00 am ET on Thursday, February 14 - BALTIMORE--(BUSINESS WIRE)--Feb. 5, 2008--Avatech Solutions, Inc. (OTCBB:AVSO), the nationwide technology experts for design, engineering, and facilities management, announced it will release its results for the second quarter of fiscal 2008 before the market opens on Thursday, February 14, 2008. The Company has scheduled a conference call for 11:00 a.m. Eastern Time on the sa... 
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01/31/08Avatech Solutions Helps Veristic Technologies Cut Design Time by 75%
Oil Rig Manufacturer Radically Improves Efficiencies to Meet Demands of Rapid Growth BALTIMORE, Md.--(BUSINESS WIRE)--Jan. 31, 2008--Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering, and facilities management, announced today that Veristic Technologies has engaged Avatech to create advanced design engineering systems to support rapid growth. Houston-based Veristic Technologies designs and produces self-erecting oil rigs for its r... 
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