SOURCE: Avisio, Inc.

November 05, 2009 08:30 ET

Avisio, Inc. Renegotiates Agreements With Noteholders

RIVERSIDE, CA--(Marketwire - November 5, 2009) - Avisio, Inc. (PINKSHEETS: AVIC), a publicly-traded technology commercialization company, announced today that it has renegotiated agreements with 100 percent of its noteholders. The company and the noteholders have entered into agreements pursuant to which the noteholders either converted to equity ownership, reduced interest rates and/or extended the due dates of the notes to December 31, 2010.

"We are committed to strengthening our balance sheet, and the renegotiation of this debt is a significant step toward that goal and fully supports our continued focus on regaining financial strength and executing our business plan to become a premier commercialization company of high potential and high value assets," said Amro Albanna, Avisio's chairman and chief executive officer.

About Avisio, Inc.

Avisio, Inc. is a publicly-traded technology commercialization company with a mission to unlock the value of high-potential assets and transform them into high-value businesses. Avisio plans to create a new majority-owned private subsidiary around each asset and to support each business with experienced management teams, best-of-breed commercialization processes and resources, and access to global capital sources. For more information, please visit

Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based largely on expectations and projections about future events and future trends and are subject to numerous assumptions, risks and uncertainties, which change over time. Avisio's actual results could differ materially from those anticipated in forward-looking statements and you should not place any undue reliance on such forward-looking statements.

The forward-looking statements in this news release are made as of the date hereof, and Avisio does not assume any obligation to update, amend or clarify them to reflect events, new information or circumstances occurring after the date hereof.

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