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TORONTO, June 07, 2021 (GLOBE NEWSWIRE) -- Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) is pleased to announce additions and changes to the management teams within its two subsidiaries.
Logixx Security is adding two vice presidents:
Rowan Hamilton will be joining Logixx Security on June 14, 2021 as Vice President, Customer Care and Business Development reporting to Han Koren, President of Logixx Security. With over 30 years in the security services sector, Rowan brings extensive industry experience and a unique perspective to Logixx’s strategy and vision. His experience includes local and national senior leadership roles, business retention, operations, P&L management, business strategy and development.
Humberto Pimentel will also be joining Logixx on June 14, 2021 as Vice President, Operations, reporting to Han Koren. Humberto is an accomplished security professional with more than 25 years’ experience leading operational compliance, process improvements and profitability for some of the largest cash logistics/security companies in the world. Humberto is known for his expertise in creating and optimizing operational processes, building strong client relationships and internal teams, and growing quality revenue.
Within Avante Security, Avante is pleased to announce the return of Bryan Kelly to the Avante family as Vice President of Avante Security effective May 31, 2021. ‘BK’ is a security industry leader, widely recognized for getting things done and making everyone around him better. Bryan’s first responsibility will be to lead day-to-day operations at Avante Security reporting to Craig Campbell who remains as CEO of Avante Security in addition to CEO of Avante Logixx Inc.
Relatedly, we are announcing Geoff Reed’s decision to resign as President of Avante Security and pursue new career challenges. Under Geoff’s leadership, the Avante Security team accomplished a great deal over the past two years to lay the foundation for future growth, and deepening Avante Security’s client-focused culture. Geoff will remain with the Company until July 14, 2021 to assist with the transition to new leadership and with other projects.
“We are pleased to have added three strong security industry veterans to our leadership teams and we are grateful to Geoff for his significant contributions to our recent transformation,” said Craig Campbell, Chief Executive Officer of Avante Logixx. “We look forward to continued growth and strong customer service within both of our commercial and residential security subsidiaries.”
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.
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. This forward-looking information includes statements with respect to, among other things, the intention to create a platform capable of supporting a business with significantly greater scale, Avante’s strategic plan, Avante’s intentions to engage in mergers and acquisitions in the near term, Avante’s intentions to identify, acquire and integrate suitable targets for mergers and acquisitions, the ability to achieve operational efficiencies and provide a better overall customer experience, Avante’s run-rate, opportunities to grow Avante’s revenue and Adjusted EBITDA profile, investments in corporate infrastructure, Avante’s ability to execute and integrate larger acquisitions, and the expected trajectory of corporate costs as a percentage of revenue. 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 ability to identify, acquire and integrate suitable targets for mergers and acquisitions, the ability to control corporate costs, and 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.
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