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.

Link to this page: