Avante Logixx Inc. Announces Closing of $5 Million "Bought Deal" Private Placement

TORONTO, ONTARIO--(Marketwired - March 19, 2014) -

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Avante Logixx Inc. (XX.V) ("XX" or "the Company") is pleased to announce that it has closed the bought deal private placement announced on February 25, 2014. The Company has issued 15,625,000 common shares (the "Shares") at a purchase price of $0.32 per Share (the "Offering Price"), for gross proceeds to the Company of $5,000,000 (the "Offering").

The Offering was co-led by Cormark Securities Inc. and Mackie Research Capital Corp. (collectively, the "Underwriters"). In connection with the Offering, the Underwriters received a cash commission on the sale of the Shares equal to 6.0% of the gross proceeds of the Offering plus broker warrants exercisable to acquire that number of shares as is equal to 6.0% of the aggregate number of common shares sold pursuant to the Offering. Each broker warrant shall entitle the holder thereof to acquire one common share of the Company at a price equal to the Offering Price for a period of 12 months following the close of the Offering. The Shares issued under the Offering are subject to a hold period, which will expire four months and one day from the date of the closing, being July 20, 2014.

The net proceeds of the Offering will be used for potential acquisitions, sales and marketing, and for general corporate and working capital purposes. Avante believes there is a significant opportunity to execute strategic and accretive acquisitions in the fragmented premium security services and monitoring markets.

These securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

About Avante Logixx

Avante Logixx Inc. (TSX VENTURE:XX) is a Toronto based security and technology company. Its primary operating division, Avante Security Inc. (www.avantesecurity.com), provides best in class security response and other security services for residential and commercial applications as well as being an industry leader in designing and installing complex security systems, access control, intelligent video analytics and smart home automation. Its International Travel Security offering helps corporations protect traveling employees working abroad in medium/high risk jurisdictions and has executed travel details in over 60 countries. The company continuously develops innovative products and applications within its core competencies. Please visit our newly updated websites at www.avantelogixx.com and www.avantesecurity.com and consider joining our investor email list.

FORWARD LOOKING STATEMENTS

Certain of the statements and information in this press release constitute "forward-looking statements" or "forward-looking information" These statements include, but are not limited to, statements with respect to the entering into of agreements, the closing of transactions and the use of proceeds. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing of transactions, the ability to fulfill certain conditions and obtain regulatory approvals, and the ability to raise funds and use the proceeds as anticipated.

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.