Avoca, Incorporated No Longer Traded Over-The-Counter

Avoca, Incorporated No Longer Traded Over-The-Counter NEW ORLEANS, Dec. 28 /PRNewswire-FirstCall/ -- Avoca, Incorporated announces the filing and acceptance of its Certification and Notice of Termination of Registration Under Section 12(G) of the Securities Exchange Act of 1934. The de-registration follows a previously-announced shareholder vote to effect a 100 to 1 reverse stock split of Avoca's common stock, which became effective on December 10, 2004. The filing of the Certification and Notice with the Securities and Exchange Commission completed Avoca's going-private transaction, and as a result the trading of shares of Avoca's stock will no longer be reported on the Over-the-Counter Electronic Bulletin Board, but will be traded through the "pink sheets". Shareholders will soon receive a letter with instructions for turning in their old share certificates for new ones and/or cash. Fractional shares will receive $28 per old share as no fractional shares will be issued. Avoca also announced that it has declared an annual dividend of $350 per post-split share, payable January 31, 2005, to shareholders of record January 14, 2005, on its no-par-value common capital stock. Avoca, Incorporated owns most of Avoca Island south of Morgan City, Louisiana, which contains approximately 16,000 acres of land used for mineral and surface operations. DATASOURCE: Avoca, Incorporated CONTACT: Paul Hogan, III of Avoca, Incorporated, +1-504-552-4720, or