NEWS OUT!
AVIX Outlines New Business Direction and Market Focus with ACTUS
Avix Technologies (USOTC:AVIX)
Intraday Stock Chart
Today : Thursday 7 April 2011
AVIX Technologies, Inc. (the “Company” or “AVIX”) (Pink Sheets: AVIX) is pleased to provide this report on the Company’s business direction upon completion of the proposed acquisition, as previously announced, to acquire 100% of Actus Interactive Software LLC (“ACTUS”), a Florida Limited Liability Company and developer of proprietary software for the digital signage industry.
About Actus Interactive Software LLC
The management team of ACTUS is led by CEO and Chairman Tim Huckaby, the founder and developer of InterKnowlogy www.interknowlogy.com, a worldwide leader in custom application development on the Microsoft Platform.
As a keynote speaker at Microsoft Events, alongside top executives Bill Gates and Steve Ballmer, Mr. Huckaby’s vast experience, industry respect and network relationships have earned him a level of trust within the Microsoft global community.
ACTUS will leverage the position that Tim Huckaby enjoys with Microsoft both as a Regional Director and as founder of InterKnowlogy, to launch ACTUS and the product line. In this manner, ACTUS will join the Independent Software Vendor community that surrounds Microsoft and delivers products that are complementary and symbiotic to the various Microsoft platforms. Other companies that have launched this way include:
Salesforce.com $1.4B in 2009 revenue
Intuit $3.1B in 2009 revenue
Teridata $1.7B in 2009 revenue
Quest Software $700M in 2009 revenue
ACTUS was created with a broader focus offering large scale production software for various marketplaces and integrates Natural User Interface (NUI) User Experience (UX) in unique ways that compel users and brands to engage in a new multi-touch environment. ACTUS is in discussions with several major retailers for its kiosk technology and is employing an independent marketing and direct sales strategy with the ability to take on customers and markets regardless of size.
With leading edge software capable of servicing a variety of industries, ACTUS is positioning its creative software development to capitalize on opportunities unfolding in the digital display signage industry, which is estimated at $3.9 Billion in 2009 according to IMS Research. The market size and scope of the digital signage industry offers a tremendous opportunity for AVIX.
ACTUS intends to create the world’s first hardware and software platform frameworks and suites that will be capable of cross platform / multiple device solutions while leveraging the power of local devices and the scalability of cloud computing and networking.
Jay Hutton, COO of ACTUS stated, “There is a growing demand among the customer base, and the technology has been economically inaccessible for a number of years. ACTUS will drive the interactive kiosk market forward within the construct of a product offering and not a custom development effort. We expect to equal or surpass the success of our peers because the interactive display and multi-touch interface arena of development is strategic to Microsoft and our relationships within that circle are established and fundamental to ACTUS.”
Mr. Hutton further stated, “ACTUS will have a running start and expects to be turning initial revenue while building its product and exploring new channels and marketplaces. A small amount of capital will set the company up to secure its initial revenue and to build a product with no equal. It is a unique opportunity to be on the ground floor of a company and a technology category that is about to truly come into its own.”
The Company further announced the re-launch of its website www.avixt.com to reflect its new corporate vision, provide detail information on potential acquisitions or current operations and showcase updates for its shareholders and potential investors.
About AVIX Technologies, Inc.
AVIX is focused on identifying potential acquisitions and joint venture opportunities in various target markets that offer leading edge technology in the software industry.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AVIX Technologies, Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
