AWX Avalon Holdngs Corp

Avalon Holdings Corporation Schedules Annual Meeting WARREN, Ohio, June 20 /PRNewswire-FirstCall/ -- Avalon Holdings Corporation (AMEX:AWX) has scheduled its Annual Meeting for Wednesday, September 14, 2005. The Board of Directors has fixed the close of business on August 3, 2005, as the record date for the determination of shareholders entitled to notice of and to vote at the Annual Meeting. The Annual Meeting, which is usually held at the end of April, was delayed while the Board of Directors of Avalon Holdings Corporation explored the possibility of deregistering Avalon Holdings Corporation's common stock by reducing the number of shareholders of record below 300, thereby eliminating the requirements of compliance with the Sarbanes-Oxley Act. The Company believes compliance with the requirements of the Sarbanes-Oxley Act will be very costly. However, as a result of the Securities and Exchange Commission's ("SEC") decision to extend the compliance date of the Sarbanes-Oxley Section 404 ("SOX 404") by one year for small public companies and the ongoing review by the SEC of how to minimize the costly impact of SOX 404 on small companies, the Board of Directors decided not to pursue deregistration at this time, but intends to review the situation again if there are no changes resulting from the SEC review. Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and Midwestern U. S. markets. Avalon Holdings Corporation also owns the Avalon Golf and Country Club which operates two golf courses and related facilities. DATASOURCE: Avalon Holdings Corporation CONTACT: Frank Lamanna, Chief Financial Officer of Avalon Holdings Corporation, +1-330-856-8800

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