Avensys Announces Intent to Voluntarily Deregister its Common Stock

MONTREAL, June 30 /PRNewswire-FirstCall/ -- Avensys Corporation (OTC Bulletin
Board: AVNY), ("Avensys" or the "Company"), a leading manufacturer of high-end
fiber optic components, and a distributor and integrator of environmental and
process monitoring systems, announced today that it has notified the
Securities and Exchange Commission (the "SEC") of its intent to voluntarily
deregister its common stock under the Securities Exchange Act of 1934 (the
"Exchange Act") and to cease filing reports with the SEC.

The decision to voluntarily deregister the common stock is a cost savings step
that will reduce by approximately $400,000 the expenses associated with
Avensys' compliance with SEC reporting requirements, which include legal,
accounting and other administrative fees. The Company's common stock is thinly
traded and the Company does not believe the benefits of having its common
stock listed and registered outweigh the burden of those annual costs.
Management believes that the expense reductions created by deregistering the
Company's shares will benefit Avensys and its shareholders, and ultimately
will serve to maximize the value of the Company.

The Company has filed a Form 15 to deregister its common shares under Section
12(g) of the Securities Exchange Act of 1934. Upon filing of the Form 15, the
Company's obligation to file certain reports with the SEC, including Forms
10-K, 10-Q and 8-K, will immediately be suspended. The Company expects that
the deregistration of its common stock will become effective ninety days (90)
after the date of filing of the Form 15 with the SEC. Following this time, the
stock will trade on the pink sheets.

John Fraser, President and Chief Executive Officer of Avensys Corporation,
commented: "I want to make it clear that this is purely a cost saving measure
that is related to the size of the company today. If, at some point in the
future, for whatever reason, it becomes worthwhile to bear again the cost of
fulfilling our SEC filing obligations, we will comply."

The Company intends to provide unaudited financial information to its
shareholders. This financial information will describe the Company's financial
situation and its progress towards fulfillment of business objectives. The
information will be posted on our Web site at www.avensyscorporation.com.

About Avensys Corporation
Avensys Corporation operates Avensys Inc., its wholly-owned core subsidiary.
Avensys Inc., through its manufacturing division Avensys Technologies,
designs, manufactures, distributes, and markets high reliability optical
components and modules as well as FBGs for the telecom market, and high power
devices and sub-assemblies for the industrial market. Avensys Technologies is
also a pioneer in the development of packaged fiber-based sensors and
possesses licences in regards to leading edge intellectual property. Avensys
Solutions, the other division of Avensys Inc., is an industry leader in
providing instrumentation and integrated solutions for the monitoring of
industrial processes and environmental surveillance applications for air,
water and soil in the Canadian marketplace. To find out more about Avensys
Solutions, please visit our website at www.avensyssolutions.com. For Avensys
Corporation company news and updates you can also visit
www.avensyscorporation.com.

Forward-Looking Statements:
Except for historical information contained herein, the statements in this
news release are forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties,
which may cause a company's actual results, performance and achievement in the
future to differ materially from forecasted results, performance, and
achievement. These risks and uncertainties are described in the Company's
periodic filings with the Securities and Exchange Commission. The Company
undertakes no obligation to publicly release the result of any revisions to
these forward-looking statements that may be made to reflect events or
circumstances after the date hereof, or to reflect the occurrence of
unanticipated events or changes in the Company's plans or expectations.

For more information, please contact:
Ms. Sherine Attia
Avensys Corporation
Tel: 1.877.904.6030

SOURCE Avensys Corporation

Ms. Sherine Attia of Avensys Corporation, 1-877-904-6030