IP Technology Exchange, Inc and Avalon Oil and Gas, Inc. (OTCPK:AOGN) have signed a technology scouting agreement. Kent Rodriguez, Chief Executive Officer of Avalon Oil and Gas, said, “We are very pleased to form this alliance with IP TechEx. We believe it will provide promising new technology acquisition opportunities for us." "IP TechEx looks forward to working with Avalon Oil and Gas to identify potential technology acquisition and licensing opportunities." commented Gassen A. Gutierrez., Chief Operating Officer of IP TechEx.