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TORONTO, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Avante Logixx Inc. (TSXV: XX) (“Avante” or the “Company”) is pleased to announce that it has acquired all the outstanding shares of Watermark Security Inc. (“Watermark”). Watermark provides alarm monitoring and cottage check services to a number of clients in Muskoka and the surrounding areas. Avante has executed a share purchase agreement (“Agreement”) with Doug Clendenan and Kim Clendenan (“the Vendors”). The transaction closed after market hours on August 7, 2018, with an effective date of August 1, 2018.

“We are very pleased to acquire Watermark and we are excited at the opportunity this represents in the Muskoka region,” said Craig Campbell, CEO of Avante Logixx. “Watermark’s underlying core business of providing complete security solutions to premium customers aligns well with Avante’s core business and our renewed strategy. Muskoka’s slogan ‘Once discovered, never forgotten’ is very fitting as we continue our geographic expansion. Watermark’s current clients will certainly not forget Avante now that they have discovered us. Welcome to Avante!”

Watermark is a family owned security systems integrator operating out of Port Carling, ON in the Muskoka Lakes Region at the "hub" of lakes Rosseau, Muskoka and Joseph. It provides services which include integrated alarm and video systems installations, guard response, property management and cottage property checks to a solid base of clients in the region. It is management’s belief that the acquisition will have an immediate accretive impact both strategically and financially as Avante continues to execute on its renewed strategic vision.

Avante Logixx is also pleased to announce that in conjunction with the acquisition, Watermark’s President, Doug Clendenan, will remain with Avante as he transitions to the role of Manager, Muskoka Region. Doug will oversee the region as Avante executes on its strategic growth plan. We look forward to working with Doug as we set a new standard at Avante and within the Muskoka region.

The proposed transaction is arm’s length and advisory fees are payable or to be paid in connection with the transaction.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities described herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release does not constitute an offer of securities for sale in the United States. The securities described herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

About Avante Logixx Inc.

Avante Logixx Inc. (TSXV: XX) is a Toronto based provider of high end security services. We acquire, manage and build industry leading businesses which provide specialized, mission-critical solutions that address the needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With an experienced team and a proven track record of solid growth, we are taking steps to establish a broad portfolio of security businesses to provide our customers and shareholders with exceptional returns. Please visit our website at www.avantelogixx.com and consider joining our investor email list.

Avante Logixx Inc.

Craig Campbell
CEO
(416) 923-6984
craig@avantelogixx.com

Forward-Looking Information

All statements in this press release, other than statements of historical fact, may constitute “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), Annual Information Form (AIF) 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.