SOURCE: AVIX Technologies

December 18, 2014 16:00 ET

AVIX Announces Reverse Stock Split and Appoints New CEO

TORONTO, ON--(Marketwired - Dec 18, 2014) - AVIX Technologies, Inc. ("The Company" or "AVIX") (OTC PINK: AVIX) announced today its intent to execute a 1 for 1000 reverse stock split of the Company's issued and outstanding common stock (rounding up any fractional numbers) effective at the close of business on January 8, 2015 or soon thereafter upon approval by FINRA.

The Company further announced the appointment of Zhang Tao as Chairman of the Board, Chief Executive Officer and Director. Recently, Zhang Tao served as President of China Telecomm's Ping Du branch office. China Telecomm is one of the three largest telecommunication companies in China and is a state owned enterprise with branches throughout China. Zhang Tao's branch serviced the telecommunication needs of 3,146 square kilometers with a population of 1.4 Million people and annual revenue of approximately 100 Million RMB or 16 Million USD.

About AVIX Technologies, Inc.
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. www.avixtechnologies.com

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This 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.

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