Excellent news from AVIX today. It is just a little late but they are getting the job and the deals done. That's what matters in the end. AVIX Closes Software License Agreement with Helpful Technologies, Inc. Business Wire(Mon 11:52AM EDT)
TORONTO, Sept. 5, 2012 /PRNewswire via COMTEX/ -- AVIX Technologies, Inc. ("AVIX" or "The Company") (Pink Sheets: AVIX) announced today that it is currently in negotiations for two additional acquisitions in the software technology field. The Company will continue towards finalizing these discussions and details will be made available for public dissemination upon completion.
On June 5, 2012 and July 16, 2012 the Company issued press releases addressing the business model with potential revenue, and its acquisition of MyLottoClicks software from Helpful Technologies, Inc. The Company and Helpful Technologies, Inc. want to clarify that the referenced projections and pro-formas including gross revenues and resultant possible Company capitalization were merely broad hypothetical estimates based upon having the capital to exploit the software and gain market acceptance of the software. The statements referencing any future financial projections and pro-formas were strictly speculative and should not be relied upon by investors as having any degree of likelihood of occurrence.
Helpful Technologies, Inc. will provide AVIX with software programming assistance in return for compensation but will have no role in the marketing or management of the implantation of the MyLottoClicks software, and therefore its market acceptance is the full and sole responsibility of AVIX.
Helpful Technologies Inc. is a private developer of technological solutions. MyLottoClicks software is a lottery numbers generator based on proprietary algorithm developed by Helpful Technologies Inc. in 2009.
AVIX is focused on identifying potential acquisitions and joint venture opportunities in various target markets that offer leading edge technology and services on a global scale.
Safe HarborThis 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-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.
Contact: Reno Calabrigo 416-907-7362
SOURCE AVIX Technologies, Inc.
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