SOURCE: ActionView International, Inc.

October 13, 2008 11:22 ET

ActionView International, Inc. Announces Initial Agreement for Merger Transaction With Stanza Systems, Ltd.

VANCOUVER, BC--(Marketwire - October 13, 2008) - ActionView International, Inc. (OTCBB: AVWI) today announced an initial agreement for a merger transaction with Stanza Systems, Ltd., whose wireless management services and technologies enable some of the largest and most successful companies in the world to better manage and operate their businesses.

The initial agreement in the form of a letter of intent provides the framework for a subsequent definitive agreement under which ActionView International would acquire all of the issued and outstanding shares of Stanza Systems, Ltd. in exchange for a majority percentage of ActionView International. Details of the proposed share exchange will be included in the definitive agreement.

Under the letter of intent additional due diligence and other terms must be fulfilled to proceed to definitive agreement and to subsequently effect a close of the transaction.

Stanza Systems applies a propriety end-to-end management philosophy to the wireless network and operates a simplified platform that enables application developers to easily integrate bi-directional wireless data transport into their applications. The company's experience firmly establishes it in several key industries: petroleum, electrical utilities, water and waste water, telecommunications and manufacturing.

Stanza's mission is to gather and organize the world's industrial data and make it accessible and useful. Stanza's customers include some of the largest and most established companies in the petroleum, electrical utility and water management industries. Stanza's business is built on a recurring revenue model which allows the company to build revenues through monthly and annual contracts.

The post merger plan for Stanza Systems also includes a number of key potential acquisitions that would facilitate the company's growth over the next several years.

"We are very pleased to have entered into an initial agreement for a merger transaction with Stanza Systems," commented Steven R. Peacock, CEO of ActionView International. "Stanza is in the right type of business considering the realities of today's economy, where companies are seeking to reduce costs through the monitoring and management of information and resources. By entering the public markets to further grow its business and implement an acquisition strategy, we believe that Stanza has the potential to deliver long-term value for ActionView shareholders."

"We expect to provide additional information on the planned transaction in the coming weeks, as we prepare for the execution of a definitive agreement," Mr. Peacock added.

The founders of Stanza Systems were the innovators of the wireless industry's first and still utilized advanced processes and techniques for successful operation of large scale wireless network at companies such as Metricom (Ricochet wireless service), Palm.net, OmniSky, and SkyRiver.

The Stanza Systems management team has over 100 man years of successful experience in building industrial systems using advanced, but proven technologies such as high speed wireless communications, data collection/processing systems, network design/deployment, and data center/network operations. The Stanza technical staff has been directly involved with software and application development for numerous industrial supervisory control and data acquisition (SCADA) systems within the electric and petroleum industries. Stanza currently operates a dedicated, fully functional, secured and hardened Network Operations Center (NOC) in Houston, Texas. Its staff have successfully designed and operated large, widely distributed systems and wireless networks for many years.

Additional information on Stanza Systems can be found at http://www.stanzasystems.com.

About ActionView International, Inc.

ActionView International's operating subsidiary custom-designs, develops, and manufactures vividly illuminated motion billboards. ActionView places its signs into high traffic locations and markets advertising space on the signs. ActionView shares advertising revenue generated from the billboards with advertising agencies, the local business partner and the location owner. The benefit to advertisers is exposure in high traffic locations at reasonable costs due to the scrolling feature and multiple advertisers. For additional information about ActionView, please visit the company's website at www.actionviewinternational.com.

Forward-Looking Statements

This release contains 'forward-looking statements' within the meaning of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.

Contact Information

  • Contact:
    Gemini Financial Communications, Inc.
    A. Beyer
    951-677-8073
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