Avalon Group Ltd. Announces Two Senior Banking Additions

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Key staffers to head firm’s growing Alternative Energy & Clean Technology Group

Avalon Group, Ltd., a leading investment bank and strategic advisory firm, is pleased to announce the additions of Thomas I. Apperson and Ira S. Rubenstein to the firm’s Alternative Energy & Clean Technology Group. Together Mr. Apperson and Mr. Rubenstein bring over 30 years of experience with both public and private companies in this sector, with numerous successful enterprise and project financing transactions between them. Based in New York and Prague, they will advise companies on capital raises, deal structure and project development in solar, wind, water, biogas, biomass, energy storage and energy efficiency sectors.

“We are pleased that Tom and Ira have joined our team, bringing to Avalon the ability to assist both public and private companies in the alternative energy and clean technology sectors,” said Lynda Davey, Chief Executive Officer of Avalon Group Ltd. “Opportunities in these sectors are experiencing increased momentum, despite the recent financial turmoil, and Avalon is ideally positioned to assist companies with growth capital requirements to plan and execute project-related capital formation strategies and raises. The extension of Avalon’s reach into Europe coincides with the rapid growth in development of renewable energy and related infrastructure projects, particularly across Central and Eastern Europe, and also provides our clients access to European sources of “smart” sector-related capital.”

“Tom and Ira bring the experience and specialized knowledge of this rapidly growing sector to our group to complement our existing vertical expertise in consumer products, healthcare and the oil and gas industry,” commented Ariel Imas, Co-President of the Capital Markets Division at Avalon.

Prior to joining Avalon, Mr. Apperson was a Managing Director at such notable firms as Bradley Woods & Co., Spencer Clarke LLC, Halyard Restructuring Group and also served as President of Glenis Group Inc. Select capital transactions and advisory assignments include: advising and a subsequent project financing and capital raise for a private U.S. biofuels company; advising an early stage solar company in the development of large scale installations; and advising a publicly traded energy company on its expansion capacity to develop coal, oil and gas, and coal bed methane properties. Mr. Apperson was instrumental in securing a full financing package (equity, mezzanine and debt) for the first ethanol plant to be developed on a fully merchant basis in the United States.

Mr. Rubenstein, will be based in Prague where he will serve as a Senior Advisor to Avalon. He was previously a Managing Director at Bradley Woods & Co. and Spencer Clarke LLC and he continues to be a Partner at Traficon s.r.o. in Prague. Mr. Rubenstein successfully advised a U.S. public company in its negotiations to develop Ukrainian coal-bed methane resources in joint venture with a market leading industrial conglomerate. Mr. Rubenstein is a frequent speaker on alternative energy and clean technology matters, recently making presentations at: BuildGreenCEE 2010; PV Power Plants European Union 2010; and the European Solar Investment and Finance Summit.

About Avalon Group, Ltd.
A leading, boutique investment bank and strategic advisory firm, Avalon Group, Ltd. provides clients the quality and technical expertise of a major investment bank while maintaining the confidential personal service and efficiency of a boutique firm. Our services include arranging private investments, registered direct offerings, and PIPEs; as well as providing fairness opinions, mergers and acquisitions, restructuring, and strategic advisory services. Since 1992, Avalon has worked with high caliber, committed corporate leaders to expand their businesses, re-capitalize or re-organize firms, sell or purchase divisions, and arrange liquidity events. Our clients have ranged from mid-market, private companies and Fortune 500 companies to multi-national entities and early stage ventures. For more information on Avalon Group and Avalon Securities, its affiliated FINRA, SIPC and SEC registered broker-dealer please visit http://www.avalongroupltd.com.

Media Contact:
Lynda Davey, Chief Executive Officer
212-764-5610
http://www.avalongroupltd.com

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Lynda Davey