AVP, Inc.

Description

AVP, Inc. was originally incorporated under the name Malone Road
Investments, Ltd., on August 6, 1990 in the Isle of Man. The corporation wasredomesticated in the Turks and Caicos Islands in 1992, and subsequentlydomesticated as a Delaware corporation in 1994. Pursuant to Delaware law, thecorporation is deemed to have been incorporated in Delaware as of the date ofits formation in the Isle of Man. The company changed its name to PL Brands,
Inc. in 1994; changed its name to Othnet, Inc., in March 2001; and changed itsname to the current one on March 9, 2005. For convenience, we will use the name
"Othnet" or the "Company" to refer to the registrant through the date of changeto its current name. Othnet had no business operations other than to attempt tolocate and consummate a business combination with an operating company since
December 2001. AVP Acquisition On February 28, 2005, a wholly owned subsidiary of Othnet and AVP Pro
Beach Volleyball Tour, Inc.

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