SOURCE: Avix Technologies, Inc.

January 24, 2012 18:00 ET

AVIX Initiates (NDA) With Helpful Technologies, Inc. -- Company Introduces New President

TORONTO--(Marketwire - Jan 24, 2012) - AVIX Technologies, Inc. (the "Company" or "AVIX") (PINKSHEETS: AVIX) announced today that it has executed a Non-Disclosure Agreement to acquire and license Intellectual Property (IP) from Helpful Technologies Inc., a privately held company and developer of "IP" technologies from software and technology solutions on a global scale.

Newly appointed President of AVIX, Reno J. Calabrigo, stated, "The Company is excited about this new direction and vision that this growing relationship will take us. This is a tremendous opportunity for both shareholders and investors that we fully expect should optimize corporate growth."

The Company (AVIX) has recently accepted the resignations of Cornelia Volino as President, and Secretary and Treasurer and Director, Mr. John Neufeld and wishes them the best in their future endeavors.

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.

Safe Harbor
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.

Contact Information

  • Contact:
    AVIX Technologies, Inc.
    Reno J. Calabrigo
    Tel: 416-907-7362