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IMAKEMONEY
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Avitar Connects with Major International Corporations in Canada Transitioning to Oral Fluid Drug Testing

Jan 16, 2008 11:38:01 (ET)


CANTON, Mass., Jan 16, 2008 (BUSINESS WIRE) -- Avitar Inc. (AVTI, Trade ), manufacturers of nationally branded oral fluid testing diagnostic devices and customized polyurethane applications used in wound dressings, announced today that the company is poised to take advantage of the conversion by several major international companies from traditional urine-based drug testing to AVITAR'S ORALscreen rapid on-site test for drugs-of-abuse.

Peter Phildius, Avitar's Chairman and CEO, said, "We are very pleased with the response that our Canadian distribution partner and our ORALscreen technology are receiving from major international corporations and their suppliers. Together we have identified opportunities that could generate up to $500,000 in sales over the next twelve months as these companies begin to convert from urine-based testing to our on-site oral fluid drug tests." Phildius continued, "We are looking forward to the Canadian market's continued growth and believe that this opportunity presents an exceptionally strong revenue opportunity for AVITAR in the months ahead."

The ability of oral fluid technology to detect recent drug use more effectively and conveniently than traditional urine-based testing will play a key role in better serving the needs of Canadian employers. Canadian corporations face a dilemma due to the fact that substance abuse is considered a disability, which must be dealt with via employee assistance programs, yet they are also charged with maintaining a safe workplace. The convenience of Avitar's ORALscreen on-site tests combined with the ability to detect on-the-job drug abuse will play an important role in addressing this conflict those employers in Canada face.

Most drug metabolites can not be detected in urine until several hours post-consumption. As a result urine is useful for detecting historical drug abuse, while not as effective at detection during the impairment period for most drugs. On the other hand, comparable research notes that the detection periods for oral fluid are earlier and shorter, for marijuana as example, detection extends from within minutes of consumption, out to a maximum of 18 to 24 hours. This factor helps to protect employees' rights to privacy "off-the-job" as well as "on-the-job" safety.

Avitar's positioning as a consultative drug-free workplace technology and services provider, is expected to play an important role in the development of comprehensive, effective drug-free workplace programs in Canada.

About Avitar, Inc.

Avitar Inc. develops, manufactures and markets innovative proprietary products. Markets include fluid diagnostics, disease and clinical testing, and customized applications for wound dressings. Principal products include ORALscreen(R), (the first non-invasive, rapid, onsite oral fluid test for drugs-of abuse), and Hydrasorb(R), (an absorbent topical dressing for moderate to heavy exudating wounds). Avitar is also developing diagnostic strategies for disease and clinical testing in the estimated $25 billion in-vitro diagnostics market. Conditions targeted include influenza, diabetes, and pregnancy. For more information, see Avitar's website at http://www.avitarinc.com .

Avitar Inc. is a fully reporting company whose stock trades on the OTCBB under the symbol "AVTI.OB". For information, contact Investor Relations 781-821-2440 - Peter Cholakis, VP - Marketing.

Forward-Looking Statements

This release contains forward-looking statements that are subject to risks and uncertainties including the development and marketing of new applications and other risks that are detailed from time to time in the Company's filings with the Securities and Exchange Commission. In view of such risks and uncertainties, the Company's actual results could differ materially from those anticipated in such forward-looking statements.

SOURCE: Avitar Inc.


For Avitar Inc., Canton
Investor Relations
Peter Cholakis, VP - Marketing, 781-821-2440

www.avitarinc.com

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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BOUNCE!! YOU POS!! [Wink] WORKS EVERYTIME,LOL

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IMAKEMONEY
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IN FOR MORE AT .0020, [Razz] [Razz] [Razz] [Razz] [Razz] [Razz]

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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CRAZY SWINGS! HOPE ITS MMs PICKING UP SHARES!

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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COULD, SHOULD, WILL!! [Wink] JMO

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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UP, YOU PIG!!UP!

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Nile
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imake,

if it makes you feel any better, it looks like it should bounce here. This could be a great point to buy.

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IMAKEMONEY
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1 LEFT AT .0030

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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.0039 NOW! RUN IT!

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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RWGATORBLUE
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I hate these wishful thinking posts to bumb a stock subject to the top when nothings happening with it. If there's some action OK but if not stop trying to create it from nothing.
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IMAKEMONEY
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BLOW ME! [Were Down]

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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RWGATORBLUE
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You hurt my wootle feelings. I like your Kleenex guy. Nothing personal.
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IMAKEMONEY
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RWGATORBLUE, LOOK AT THE CHART, THE NEWS, THE SHARE COUNT, ALL LOOKS GOOD TO ME.

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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RWGATORBLUE
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I'm sure it does because I've come to know your choices seem to be well grounded and researched. But you understand where I was coming from in the first post.
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IMAKEMONEY
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YES I KNOW WHERE YOUR COMING FROM BUT, ONCE I MAKE A PICK I CHEER FROM MY TEAM! [Good Luck]

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IMAKEMONEY
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Aventine Energy Net Drops 75% On Ethanol Prices, Corn Costs

Feb 21, 2008 18:32:26 (ET)


DOW JONES NEWSWIRES

Aventine Renewable Energy Holdings Inc.'s (AVR) fourth-quarter net income dropped 75% to $3.26 million, or 8 cents a share, from $12.8 million, or 30 cents a share, a year earlier, due to lower ethanol sales prices and higher corn costs.

The Pekin, Ill., ethanol company's revenue fell to $379.4 million from $428.9 million in the year-ago period.

On average, analysts polled by Thomson Financial expected a per-share loss of 3 cents and revenue of $354.1 million.

Aventine said it had $211.5 million in auction rate securities as of Dec. 31. The company liquidated $84.3 million of the securities as of Thursday, incurring a pretax loss of about $1.5 million in connection with the liquidation.

Aventine said it has had "multiple" failed auctions since Feb. 8 and won't attempt to liquidate any more securities until market conditions improve or its liquidity needs require it to do so.

-Melissa Korn; 201-938-5400; AskNewswires*dowjones.com

(END) Dow Jones Newswires

February 21, 2008 18:32 ET (23:32 GMT) [Were Up] [Were Up] [Were Up] [Were Up] [Were Up] [Were Up] [Were Up]

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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Sym. Price Chg.
AVTI Trade
News 0.0019 0.0001
Aventine CEO: US Ethanol Makers Need To Find New Markets

Feb 22, 2008 13:39:24 (ET)


CHICAGO (Dow Jones)--Overcapacity in the U.S. ethanol market has eased over the past six months, though the head of one of the largest independent producers said the industry still needs to find new markets for the corn-based fuel.

Ethanol producers already face the challenge of rising corn costs and sluggish selling prices as they try to persuade refiners to blend more of the fuel with gasoline. Market conditions are expected to remain tough as new capacity comes online and corn prices continue their upward path, with U.S. farmers expected to plant less of the crop this year.

"We're not seeing a new wave of construction," said Ron Miller, president and chief executive officer of Aventine Renewable Energy Holdings (AVR), which on Thursday reported a 74% decline in fourth-quarter net income.

Aventine produces ethanol and also markets the fuel on behalf of third parties, notably smaller cooperative-owned plants that have mushroomed across the Midwest alongside larger refineries financed by a wave of investment over the past two years.

Miller said Friday on a call with analysts that some of its alliance partners had shelved expansion plans. "The ones that are under development are staying under development and waiting for a better margin environment," he said.

Aventine estimated annualized U.S. ethanol capacity was 7.5 billion gallons at the end of 2007, though plants were not running at full production. The company predicts industry capacity will rise above 9 billion gallons by the end of this year, exceeding the demand outlined by a new federal Renewable Fuel Standard, or RFS.

"We're going to be surplus to that minimum mandate, but not as out of balance as we thought six months ago," said Miller.

The Pekin, Ill.-based Aventine is building two new plants of its own, but said there were no current plans to drop the development, despite market conditions and a squeeze on liquidity following the recent freeze in the auction-rate securities market.

Aventine is halting further sales of its student loan-backed securities and turning to alternative funding sources. The prospect of a curb on development or a liquidity squeeze wiped out about a fifth of Aventine's market value in Friday morning trading. The stock was down 18% at $6.99 recently, after touching an all-time low of $6.79. Aventine went public in June 2006 at $43 a share.

Miller expressed confidence in the long-term prospects of the U.S. ethanol market, which benefits from a 51-cent a gallon federal subsidy, but said the industry needed to open new markets for the corn-fuel.

Ethanol producers are pushing the fuel outside its base in the Midwest, notably in the Southeast, where states including Georgia have introduced their own mandates for blending it with gasoline.

-By Doug Cameron, Dow Jones Newswires; (312) 750 4135; doug.cameron*dowjones.com

(END) Dow Jones Newswires

February 22, 2008 13:39 ET (18:39 GMT)
[Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin]

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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Related Quotes
Sym. Price Chg.
AVTI Trade
News 0.0025 0.0013
Avitar's Oral Testing Technology a Hit in Construction Industry

Mar 12, 2008 08:00:11 (ET)


CANTON, Mass., Mar 12, 2008 (BUSINESS WIRE) -- Avitar Inc. ("AVTI") (AVTI, Trade ), manufacturers of nationally branded oral fluid testing diagnostic devices and customized polyurethane applications used in wound dressings, announced today that the Company's ORALscreen rapid test for drugs-of-abuse are being piloted and moving towards nationwide deployment at two of the largest construction firms in the United States.

Peter Phildius, Avitar's Chairman and CEO said, "The construction industry represents a significant business opportunity for Avitar, a revenue potential of $1M over the next year. Industry leaders are now moving to incorporate Avitar's on-site oral fluid technology for random drug testing, as well as pre-employment, post-accident, and reasonable suspicion applications, previously done with traditional urine testing. We have also expanded our client list of small to medium-sized contractors and continue to develop a solid understanding of the needs of the construction sector, where we believe our integrated drug-free workplace solutions offer true value."

Avitar has been focusing on meeting construction safety requirements for the past two years, and also continues to make progress educating and gaining approvals from multiple union locals, including Carpenters, Ironworkers, Steelworkers, IBEW, as well as the Longshoremen's Union where Avitar products are being used at several seaports. Additionally, State Governments are recognizing the value of oral fluid to the construction sector. For example, the States of Hawaii and Georgia recently passed legislation providing Worker's Compensation premium discounts for the use of on-site oral fluid devices. In Hawaii, the Carpenters Union spearheaded the change.

About Avitar, Inc.

Avitar Inc. develops, manufactures and markets innovative proprietary products. Markets include fluid diagnostics, disease and clinical testing, and customized applications for wound dressings. Principal products include ORALscreen(R), (the first non-invasive, rapid, onsite oral fluid test for drugs-of-abuse), and Hydrasorb(R), (an absorbent topical dressing for moderate to heavy exudating wounds). Avitar is also developing diagnostic strategies for disease and clinical testing in the estimated $25 billion in-vitro diagnostics market. Conditions targeted include influenza, diabetes, and pregnancy. For more information, see Avitar's website at http://www.avitarinc.com .

Avitar Inc. is a fully reporting company whose stock trades on the OTCBB under the symbol "AVTI.OB".

Forward-Looking Statements

This release contains forward-looking statements that are subject to risks and uncertainties including the development and marketing of new applications and other risks that are detailed from time to time in the Company's filings with the Securities and Exchange Commission. In view of such risks and uncertainties, the Company's actual results could differ materially from those anticipated in such forward-looking statements.

SOURCE: Avitar Inc.


Avitar Inc., Canton
Investor Relations:
Peter Cholakis, VP-Marketing, 781-821-2440
or
Peter Phildius,
WWW.AVITARINC.COM

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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UP 216%

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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LOL

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joeyisthebest
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High volume yesterday Level 2 is looking good as well 7 MM from .0014 to .004
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IMAKEMONEY
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YEP I GOT BACK IN AT .0012 [Good Luck]

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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Avitar Inc/DE · 8-K · For 3/3/08
Filed On 3/7/08 5:07pm ET · SEC File 1-15695 · Accession Number 943763-8-10
in this filing.an "object" Search. Show docs searched and the 1st "hit".every "hit".
Help... Wildcards: ? (any letter), * (many). Logic: for Docs: & (and), | (or); for Text: | (anywhere), "(&)" (near).

As Of Filer Filing As/For/On Docs:Pgs Issuer Agent

3/07/08 Avitar Inc/DE 8-K{1,3,9} 3/03/08 5:67 Dolgenos Newman...LLP/FA


--------------------------------------------------------------------------------

Current Report · Form 8-K
Filing Table of Contents
Document/Exhibit Description Pages Size

1: 8-K Form 8-K for March 3, 2008 HTML 16K
2: EX-4.1 Securitties Purchase Agreement HTML 110K
3: EX-4.2 Registration Rights Agreement HTML 82K
4: EX-4.3 Form of 8% Convertible Note HTML 99K
5: EX-4.4 Form of Warrant HTML 68K

--------------------------------------------------------------------------------
8-K · Form 8-K for March 3, 2008

--------------------------------------------------------------------------------

This is an EDGAR HTML document rendered as filed. [ Alternative Formats ]

--------------------------------------------------------------------------------

form8k-march2008.htm


SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


------------------


FORM 8-K


CURRENT REPORT


PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported) March 3, 2008


AVITAR, INC.
(Exact Name of Registrant as Specified in Charter)


Delaware 1-15695 06-1174053
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)


65 Dan Road, Canton, Massachusetts 02021
(Address of principal executive offices) (Zip code)


Registrant's telephone number, including area code: (781) 821-2440


Not Applicable
(Former Name or Former Address, If Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)


o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)


o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))


o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))






--------------------------------------------------------------------------------



Item 1.01 Entry into a Material Definitive Agreement.


On March 3, 2008, Avitar, Inc. ("Avitar" or the "Company"), entered into a Securities Purchase Agreement and related agreements, dated as of February 22, 2008, as part of a $310,000 private placement with AJW Partners, LLC, AJW Master Fund, Ltd., and New Millennium Capital Partners II, LLC (collectively, the "Purchasers"). As previously reported, the Company entered into private placements with the same or related parties in 2005, 2006 and 2007. See the information reported in Items 3.02 and 9.01 below.


Item 3.02 Unregistered Sales of Equity Securities.


The Company entered into a $310,000 private placement of convertible notes and warrants based upon the Securities Purchase Agreement referred to in Item 1.01 above.


The securities issued in the private placement are $310,000 of Secured Convertible Notes (the “Notes”) and 10,000,000 seven-year Warrants (the “Warrants”).


The Notes bear interest at 8%, mature three years from the date of issuance, and are convertible into the Company’s common stock at any time, at the Purchasers' option, at 35% of the average of the three lowest intraday trading prices for the Common Stock for the 20 trading days ending the day before the date that the investors elect to convert. In addition, the conversion prices of outstanding notes payable to the same or related holders in the aggregate principal amount of approximately $6,978,000 issued from September 2005 through December 2007 were adjusted from 40% to 35% of the average of the three lowest intraday trading prices of the common stock for the 20 trading days preceding the date that the holders elect to convert.


The full principal amount of the Notes, plus a default interest rate of 15%, is due upon a default under the terms of the Notes. We have a right to prepay the Notes under certain circumstances at a premium ranging from 20% to 35% depending on the timing of such prepayment.


In addition, the Company granted the Purchasers a security interest in substantially all of our assets. The Company is further required to file the Registration Statement with the Securities and Exchange Commission within 30 days of receipt of demand from the Purchasers. If the Registration Statement is not filed on time or not declared effective within 120 days from the date of receipt of such demand, we are required to pay to the Purchasers damages in Common Stock or cash, at the election of the Company, in an amount equal to two percent of the outstanding principal amount of the Notes per month plus accrued and unpaid interest.


The Warrants are exercisable until seven years from the date of issuance at a purchase price of $0.01 per share. The Purchasers may exercise the Warrants on a cashless basis if the shares of Common Stock underlying the Warrants are not then registered pursuant to an effective registration statement. In the event the Purchasers exercise the Warrants on a cashless basis, we will not receive any proceeds. In addition, the Warrants are subject to standard anti-dilution provisions.


The Purchasers have agreed to restrict their ability to convert their Notes or exercise their Warrants and receive shares of our common stock such that the number of shares of common stock held by them and their affiliates in the aggregate after such conversion or exercise does not exceed 4.9% of the then issued and outstanding shares of Common Stock.


The transactions described in this Item 3.02 are exempt from registration requirements pursuant to Section 4(2) and/or Rule 506 of Regulation D promulgated under the Securities Act of 1933, as amended.


Copies of the Agreements related to this private placement are attached to this Report as Exhibits.


Item 9.01. Financial Statements and Exhibits.


(a) Not applicable


(b) Not applicable


(c) Exhibits


Exhibit Description Location
-------------------------------------------------------------------------------- --------------------------
4.1 Securities Purchase Agreement dated as of
February 22, 2008 between the Company and
the Purchasers Provided herewith

4.2 Registration Rights Agreement dated as of
February 22, 2008 between the
Company and the Purchasers Provided herewith


4.3 Form of 8% Secured Convertible Note Provided herewith


4.4 Form of Warrant Provided herewith






--------------------------------------------------------------------------------





SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: March 7, 2008 AVITAR, INC.

By: /s/ Jay Leatherman
Name: Jay Leatherman
Title: Chief Financial Officer

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Mo_Money
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Hey people watch this one again, i think some news is comming o or something. Watching nice volume today, maybe somebody knows something we dont!!! keep it on the radar for today and tomorrow!!!

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"Making money feels good"

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Mo_Money
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I made a nice call about this one yesterday at .0012 but nobody pay attention, today went up .to .0025 but everybody is focus on EESO & ASII, well keep loosing your money good luck!!

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"Making money feels good"

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golfermike2
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I was able to get in at .0017. What kind of high are we talking here?
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IMAKEMONEY
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Related Quotes
Sym. Price Chg.
AVTI Trade
News 0.0024 0.0013
Aventine Renewable Started At Perform By Oppenheimer >AVR

Apr 24, 2008 17:22:40 (ET)


(MORE TO FOLLOW) Dow Jones Newswires

April 24, 2008 17:22 ET (21:22 GMT)

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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Aventine Renewable Swings To 1Q Loss On $21.6M Impairment>AVR

May 1, 2008 18:53:19 (ET)


DOW JONES NEWSWIRES

Aventine Renewable Energy Holdings Inc. (AVR) swung to a first-quarter loss of $10.8 million, or 26 cents a share, from year-ago earnings of $14.9 million, or 35 cents a share, due to a $21.6 million impairment charge related to auction-rate securities.

Excluding items, per-share earnings were 26 cents.

The Pekin, Ill., ethanol maker's revenue rose to $510 million from $436.7 million last year.

The mean estimates of analysts polled by Thomson Reuters were for per-share earnings of 8 cents on revenue of $480.4 million. Analyst estimates typically exclude unusual items.

Shares in Aventine Renewable continued to slide after hours, shedding 5 cents to $4.25 after a decline of 9 cents, or 2.1%, as of the close of the regular session.

Shares in Aventine

-Adam O. Manzor; 201-938-5400; AskNewswires*dowjones.com

(END) Dow Jones Newswires

May 01, 2008 18:53 ET (22:53 GMT)

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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Related Quotes
Sym. Price Chg.
AVTI Trade
News 0.0012 0.0001
S&P Places Aventine Renewable Energy Rtg On Watch Neg>AVR

May 2, 2008 11:09:32 (ET)


(MORE TO FOLLOW) Dow Jones Newswires

May 02, 2008 11:09 ET (15:09 GMT

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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gumzsa
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Up 300%. Rumors of news today or tomorrow. .0008's gettin slammed.
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lukin4winners
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Hearing the same thing: check equityfeed eod recap on AVTI in the pinksheets section. Looks very good for tomorrow
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IMAKEMONEY
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[Big Grin] VERY GOOD!

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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