11:48 AM EST - Avanti Energy Inc. : has signed a memorandum of understanding with Tecnoparco Valbasento SpA for the purpose of evaluating opportunities in the Basilicata Region of Italy. Tecnoparco is the only Basilicata-based industrial utility with a long track record of operations in the Region, with substantial operations in Pisticci, where it provides over large industrial clients with utility services. Tecnoparco will provide engineering, operations, and distribution skills to the joint collaboration with Avanti. Avanti Energy Inc.
shares V.AVN are trading up $0.045 at $0.35.
