TORONTO, ONTARIO--(Marketwired - Aug. 8, 2016) - Avante Logixx Inc. ("Avante") (TSX VENTURE:XX)(OTCBB:ALXXF) is pleased to announce the director nominees that will stand for election at the upcoming annual and special meeting of shareholders scheduled for September 6, 2016.
Mike Pilato and Rose Baker, each of whom are independent, will stand for election at the meeting of shareholders as new nominees, while Bruce Bronfman, Joseph Leeder, Emmanuel Mounouchos, George Rossolatos and Leland Verner will stand for re-election. Wes De Shane, a current director who has served as such since Avante's going public transaction back in 2006, has informed Avante that he would like to retire from his board duties and does not intend to stand for re-election.
"On behalf of the Board, I would like to sincerely thank Mr. De Shane for his long service and substantial contributions to Avante as Director and as Chair of the Audit Committee over the years," said Leland Verner, Chairman of the Board. "We have taken this planned transition as a catalyst to increase the size of the board from six to seven and bring on two new directors pending shareholder approval with impressive experience and skillsets in marketing, human resource management and capital markets."
Mr. Rossolatos, CEO added, "We are extremely excited to welcome Rose Baker and Mike Pilato to the Board. Ms. Baker is a seasoned executive with over 11 years of executive search experience and 17 years of financial services experience. Mr. Pilato is the General Manager and President of The Clorox Company of Canada Ltd. with an extensive operational and marketing background. During their respective careers, each has made significant contributions and we look forward to working with them and benefiting from their new perspectives and experiences."
Further details regarding the election of directors including detailed biographies for all proposed director nominees are contained in the Notice of Meeting and Management Information Circular dated August 5, 2016 available under Avante's profile on SEDAR at www.sedar.com.
About Avante Logixx (www.avantelogixx.com)
Avante Logixx Inc. (TSX VENTURE:XX) is a Toronto based security, monitoring, system integration and technology company. Its subsidiaries, Avante Security Inc. (www.avantesecurity.com), INTO Electronics Inc., (www.247into.com), LVS Inc. (www.lvssecurity.com), and the recently acquired City Wide Locksmiths Ltd. (www.citywidelocksmith.ca) together provide best in class security systems and services for residential and commercial clients, and high-rise condominium applications, with industry leadership in designing and installing complex security systems, access control, intelligent video analytics, high-end lock services and smart home automation. Avante's group of companies strives to be best in class in each of its verticals including an industry leading rapid alarm response offering combined with alarm system and live video analytics monitoring. Avante's Executive Services team provides unparalleled end-to-end security solutions for high profile and high net worth families to ensure their safety in a comprehensive yet discrete manner, including an executive transportation option. Avante's International Travel Security team helps corporations protect traveling employees working abroad in medium/high risk jurisdictions and has executed travel details in over 60 countries. Avante continuously develops innovative products and applications within its core competencies. Please visit our website at www.avantelogixx.com and consider joining our investor email list.
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Avante within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or a variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, the list of risk factors identified in Avante's Management Discussion & Analysis (MD&A) and other continuous disclosure, which list is not exhaustive of the factors that may affect any of Avante's forward-looking information. In connection with the forward-looking statements contained in this and subsequent press releases, Avante has made certain assumptions about its business and the industry in which it operates and has also assumed that no significant events occur outside of Avante's normal course of business. Although management believes that the assumptions inherent in the forward-looking statements are reasonable as of the date the statements are made, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein. Avante's forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made, and Avante does not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking information.
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