Monday, March 09, 2015 9:03:24 AM
AVIX Acquires Food Distribution Company in China
TORONTO, ON--(Marketwired - Mar 9, 2015) - AVIX Technologies, Inc. ("AVIX") (OTC PINK: AVIX) announced today that the Company has acquired QingDao He Wei Yuan Food Co., Ltd, a limited liability company located in Ping Du QingDao, Shan Dong Province, China.
The Closing of the acquisition occurred on February 20, 2015, whereby AVIX acquired 100% of QingDao He Wei Yuan Food Co. Ltd. through a Stock Purchase Agreement for US $350,000 (THREE HUNDRED AND FIFTY THOUSAND DOLLARS) paid by the issuance of 35,000,000 (THIRTY FIVE MILLION) shares of common stock at a value of $.01 per share. The stock was issued with a one-year restriction as may be permitted under Rule 144 under the Securities Act of 1933.
The Company also announced the appointment of CEO Zhang Tao to the positions of President, Secretary and Treasurer. Mr. Zhang Tao is now the sole Director of AVIX.
About QingDao He Wei Yuan Food Co. Ltd.
QingDao He Wei Yuan Food Co. Ltd. was founded on September 16, 2013 and is duly organized with registered capital of 10 Million RMB, validly existing and in good standing under the laws of China. QingDao He Wei Yuan Food Co. Ltd., a wholly owned subsidiary of AVIX Technologies, Inc., has the authority to carry on business in packaged foods, condiments, research and development of food products and the sale of wholesale and retail seafood.
About AVIX Technologies, Inc.
AVIX continues to focus on identifying potential acquisitions and joint venture opportunities in various target markets that offer distribution, services and leading edge technology on a global scale. www.avixtechnologies.com
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