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Avalon Expands Its Sales Team with Phil Yarbrough and Brandes Elitch

ATLANTA--(BUSINESS WIRE)--Avalon International, a leading provider of Check 21 and transaction processing software, is pleased to announce that Phil Yarbrough is joining the Avalon sales team. Phil will serve as the Vice President of Business Development and will be responsible for creating a channel market for remote check capture within the large corporate marketplace. Brandes Elitch will also join the team as Director of Sales & Marketing to support Phil in expansion of corporate remote capture market channel.

Phil Yarbrough, until recently, was the corporate VP with Metavante Corporation where he helped develop, market and sell their Check 21 ("Sendpoint Merchant") capture system. Previously, Phil was SVP of Sales for Selkirk Financial Technologies (now owned by Thomson Financial), a treasury workstation software company, EVP of Driscoll & Associates (now owned by Trintech), a leading provider of bank reconciliation software to the largest US retailers, and SVP of Worldwide Sales for S2 (now owned by ACI), a provider of financial transaction software switches. Phil has also served as President of CompuTrac, a law firm automation software company, and as VP and General Manager for the End User Division of BancTec.

Brandy has previously worked both as corporate cash manager and in cash management sales. He served as a cash management analyst for Fireman's Fund Insurance Company, and was the first Cash Manager at Charles Schwab, Inc. Moving to cash management sales, he managed the Northern California Middle Market Cash Management Sales organization for Wells Fargo Bank and sold payment services for First National Bank of Chicago. He has also worked extensively in the merchant card and payment guarantee space, creating a cash management department for National Bank of the Redwoods (now owned by Westamerica Bank) and a National Accounts Department for CrossCheck, Inc., the third largest check guarantee company in the US. He has an MBA from New York University, is an Accredited ACH Professional and Certified Cash Manager, and has served as President of the San Francisco chapter of the Treasury Management Association.

"Phil brings to Avalon over 30 years of experience in the payment processing industry" said Stewart Peretz, EVP of Sales and Marketing, "In addition, Brandy brings years of treasury and cash management experience. We are rapidly being recognized as the leader of the next generation of Check 21 and payment processing software and solutions provider."

"This expansion of the sales team will position Avalon to serve the fast growing needs for remote capture and payment electronification in the corporate & retail market segments." added Seth Narayanan, President & CEO of Avalon.

ABOUT AVALON INTERNATIONAL INC.
Founded in 1991, Avalon International is a fast-growing provider of software products for the Check 21 marketplace. Combining intellectual capital with precision thinking and relentless execution skills, the company delivers unique, powerful, and reliable software solutions. Its flagship product, ImagePoint, was built from the ground up using Microsoft .Net, Web Services, and SQL Server 2005. Avalon combines today's technology with the latest in regulatory advances in banking to deliver a set of powerful solutions to its customers. The company is headquartered in Norcross, GA. For more information, call 888-21-AVALON or visit its Web site at www.avalonintl.com.


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