AVIX news:
AVIX Technologies Inc. Extends Letter of Intent With Actus
Aug 22, 2011 11:01:00 AM
TORONTO -- (MARKET WIRE) -- 08/22/11 -- AVIX Technologies, Inc. ( the "Company" or "Avix") (PINKSHEETS: AVIX) announced today that it has extended a Letter of Intent ("LOI") to acquire 100% of Actus Interactive Software, LLC, ("ACTUS"), a developer of proprietary software for the digital signage industry.
Cornelia Volino, President and CEO of AVIX Technologies, Inc., stated, "The Company has been working closely with ACTUS during the pre Closing period and looks forward to finalizing the acquisition. Management will be providing additional updates and information in the near future."
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. www.avixt.com
About Actus Interactive Software, LLC
Actus has created the world's first hardware and software platform frameworks and suites that are capable of cross platform/multiple device solutions while leveraging the power of local devices and scalability of cloud computing and networking.
www.actus-software.com
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Contact:
Brian Schor
Investor Relations
585-490-0802
brian@diversified-ir.com
Source: Avix Technologies, Inc.
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