December 01, 1999

Lila White
(804) 692-3110

Matin Moosa
Avenir, Inc.
(212) 321-3000
Jill Lawrence
(804) 371-0049
Global Software Firm Selects Prince William County
--Governor Gilmore announces 166 high-paying jobs for region- -

Richmond - Governor Jim Gilmore today announced that Avenir, Inc., an information technology company headquartered in New York City, will locate a new software development facility in Prince William County. Avenir will create 166 new jobs in Virginia through a $3 million investment. The Commonwealth successfully competed with New York, New Jersey, Washington D.C. and Maryland for the project.

"Avenir will soon join an impressive list of Virginia companies that already benefit from our incredible technology infrastructure," Governor Gilmore said. "I welcome this global company to Virginia, the information technology state."

Avenir provides information technology solutions to clients worldwide. With offices in New York City, New Jersey and India, the company also develops business applications, e-commerce solutions and development tools used by a variety of industries. Avenir will construct a 23,000-square-foot facility in the INNOVATION business park to be completed in April 2001. The firm will lease temporary space in Prince William County in the interim. Software designers and programmers will be hired at the new facility by October 2001 earning an average salary of $82,000.

"A location in Northern Virginia is vital for our continued growth," said James Jose, CEO of Avenir, Inc. "Prince William County provides an ideal location with its outstanding employment base, excellent amenities and positive business attitude."

"Virginia continues to support the business of software development for companies such as Avenir," Secretary of Commerce and Trade Barry E. DuVal added. "The state is dedicated to fostering a positive business climate for this fast-paced industry."

The Virginia Economic Development Partnership and the Price William County Department of Economic Development assisted the company with its decision. The Virginia Department of Business Assistance will provide workforce training services.



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