Avance plans to foray into retail segment

New Delhi, Feb 23 (UNI) Computer manufacturing company Avance Technologies Ltd today said it plans to open more number of retail outlets to cater the increasing demand for their products.

It intends to expand by getting into retail segment of Information Technologies as well as digital lifestyle products like PDA's, high definition plasma panels, LCD's, I-pods, high-end communication products of digital technology.

The company plans to open more number of retail outlets to cater to ever increasing demand for such products.

It is also looking at acquisition in various IT related companies and projects for expanding vertical and geographically in different locations and thus, intends to raise money via issuing convertible warrants to few of the allottees.

The allottees selected include promoter and non-promoter category.

Non-Promoter category includes people who are from various field of profession like engineering, chartered accountants, and legal and other general investors. The allottees are not related to the promoters.

UNI