Avalon Holdings Corporation Announces First Quarter Results

Date: May 12, 2006

Source: PR Newswire

Avalon Holdings Corporation (Amex: AWX) today announced financial results for the first quarter of 2006.

Net operating revenues in the first quarter of 2006 increased to $8.9 million compared with $7.4 million in the prior year's first quarter. The Company basically broke even during the first quarter of 2006, recording income from continuing operations of $9,000 compared with income from continuing operations of $32,000 or $.01 per share for the first quarter of 2005.

Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets. Avalon Holdings Corporation also owns the Avalon Golf and Country Club, which operates two golf courses and related facilities.

More information: www.avalonholdings.com.

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