Avante Logixx Signs Letter of Intent to Acquire C&B Alarms Ltd., Canadian Business Journal

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TORONTO, ON, September 29, 2022 (GLOBE NEWSWIRE) — Avante Logixx Inc. (“Avante” or “Company“) (TSXV: XX) is a non-binding agreement (“letter of intent”) C&B Alarms Ltd. (“C&B Alarm”).

The parties are currently negotiating and entering into a definitive agreement on the transaction (“agreement”), which includes (i) customary terms and conditions for transactions of this nature, including the completion of due diligence by the Company; (ii) receipt of all necessary corporate, shareholder and regulatory approvals; There is no guarantee that a final agreement will be negotiated or that the transaction will be completed as proposed, if at all.

C&B founder David Coon has been doing business in Muskoka for over 40 years. Across the region he serves over 800 facilities. Additionally, many of these property owners live in the Toronto area served by Avante.

“The proposed acquisition of C&B complements our existing client footprint in the Muskoka region and confirms our commitment to expand our home security business.” , and we look forward to providing enhanced security services such as keychain alarm response, safe driving and video analytics.” Avante maintains a permanent office in Port Carling and is a direct contact for all clients in the region. will be a significant advantage.

about Avante Logixx Ltd.

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

Avante Logixx Ltd.

Emmanuel Mnuchos
CEO
416 923 6984
[email protected]

Cautionary Statements and Forward-Looking Statements

All statements in this press release, other than statements of historical fact, may constitute “forward-looking information” regarding Avante within the meaning of applicable securities laws. Forward-looking information is often, but not always, “seek,” “expect,” “plan,” “continue,” “plan,” “expect,” Identified using words such as “predict”. , “may”, “target”, “intend”, “believe”, “may” and similar expressions, or “goals”, or variations of such words or phrases, or ‘may’, ‘should’, ‘could’, ‘would’, ‘might’ or ‘will’ describe an action, event, or result to be taken, to occur, or to be achieved. This forward-looking information includes, among other things, statements regarding the following discussions. Future Plans projections and statements regarding management’s expectations and intentions with respect to the transaction; the anticipated financial impact of the transaction;

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors, and therefore we do not assume that actual events or results are expressed or implied by the forward-looking information. may be different.with the same conditions the terms and conditions as a letter of intent; the timing and closing of the proposed transaction contemplated by the letter of intent; the company realizing the expected value of the transaction; the company sustaining the expected growth; Situation Risks identified in Avante’s management discussion and analysis, annual information forms and other ongoing disclosures. These lists are not exhaustive of factors that may affect Avante’s forward-looking information. In connection with the forward-looking statements contained in this press release and subsequent press releases, Avante has made certain assumptions about its business and the industries in which it operates and, including assumptions, Avante’s normal It is assumed that no significant events occur outside the course of business. Created for the business of C&B alarms. Although management believes the assumptions inherent in forward-looking statements to be reasonable at the time the statements are made, forward-looking statements are not guarantees of future performance. Uncertainty inherent in it. Avante forward-looking information is based on belief and expectations and are the opinions of management as of the date the statement was made and, except as required by applicable law, Avante does not update any forward-looking information as a result of new information, future events or otherwise. assume no obligations. For the reasons set forth above, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange Inc. (the “Exchange”) nor its regulated service provider (as that term is defined in the Exchange’s policies) is responsible for the adequacy or accuracy of this press release.

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