Avante Logixx Inc. Announces Results for the Quarter Ended June 30, 2015

TORONTO, ONTARIO--(Marketwired - Aug. 14, 2015) - Avante Logixx Inc. (TSX VENTURE:XX)(ALXXF), ("Avante" or the "Company") through its wholly owned subsidiaries, Avante Security Inc. ("ASI"), INTO Electronics Inc. ("INTO") and LVS Inc. ("LVS"), provides best in class residential and commercial security and automation services including system design and installation, rapid alarm response, alarm monitoring, video analytics, commercial and high-rise security integration, secure transport and electronic building management through the use of advanced technology and a focus on client service. The Company is pleased to announce its results for the quarter ended June 30, 2015:

Results for the Quarter Ended June 30, 2015

			Quarter ended
			June 30, 2015		June 30, 2014		Variance (%)
Total revenues			3,355,122		2,026,260		65.6	%
	Revenues - Recurring Monitoring and Response (1)		1,447,111		856,460		69.0	%
	Revenues from other security services and transport		1,908,011		1,169,800		63.1	%
Total gross profit			1,255,727		789,477		59.1	%
Adjusted EBITDA			421,700		222,683		89.4	%
Net income before income tax			342,185		208,055		64.5	%
Net income for the period			247,185		153,055		61.5	%
Basic income (loss) per share			0.003		0.002
Diluted income (loss) per share			0.003		0.003
Total common shares outstanding			81,112,052		71,638,843
Total common shares outstanding (diluted)			81,518,359		77,664,979
Total assets			14,941,239		10,191,026
Total liabilities			4,205,725		2,526,732
	Total liabilities (excluding deferred revenue)		2,124,786		936,385
	Deferred revenue		2,080,939		1,590,347
	Bank and other debt		106,346		-nil-
Shareholders' equity			10,735,515		7,664,294

Co-CEOs George Rossolatos and Emmanuel Mounouchos announced Avante Logixx Inc.'s results for the quarter ended June 30, 2015 ("Q1-16"). During the quarter, the Company generated revenues of $3,355,122, an increase of 65.6% over the quarter ended June 30, 2014. Recurring revenues grew by approximately 69%, while non-recurring revenues grew by about 63%. Within recurring revenues, rapid response revenues grew by 14.5%, while monitoring revenues (including video analytics) grew by 196%. This increase was due to 14% organic growth in ASI, while the balance was attributable to the acquisition of INTO and LVS. The number of ASI clients who subscribe for rapid alarm response increased by 13.7%. Revenues from new installations doubled primarily due to the inclusion of revenues from INTO and LVS. The Company continues to have a significant pipeline of commercial and installation jobs to be executed over the coming quarters.

Overall gross profit of $1,255,727 or about 37.0% was 59% higher than the $789,477 or 39.0% in the quarter ended June 30, 2014. The decrease was due to the inclusion of the results of INTO and LVS. Gross margin for ASI improved from 39.0% to 39.9%.

The net income after provision for income tax of $95,000 for the quarter amounted to $247,184 as compared to $153,055 for Q1-15. This increase was a result of increase in profitability of ASI as well as contributions from the other two subsidiaries. Gross margin increase of approximately $465,000 was partially set-off by the increase in selling, general and administration expenses arising from the addition of INTO and LVS. Administration expenses of ASI decreased during the quarter owing to decreases in salaries and advertising costs.

"We are pleased with the progress of the Company. We continue to focus on growing the business with a focus on our recurring revenue. Each of ASI, INTO and LVS has been performing well and we continue to look at new acquisition opportunities while working to realize synergies among our operating subsidiaries," said Co-CEO George Rossolatos.

"The Company has identified several cross-selling opportunities and purchasing efficiencies for all the operating subsidiaries. Further, the Company will be benefit from the consolidation of office space whereby LVS and ASI will be in the same premises effective September 2015," said Co-CEO Emmanuel Mounouchos.

Management is confident about the continued growth of its recurring and non-recurring revenues as well as the prospects for continuing its acquisition program.

The Company's balance sheet is strong with over $3,300,000 of cash on hand after the LVS acquisition, which will help the Company's pursuit of other acquisition opportunities. The Company continues to assess several attractive acquisition opportunities that management believes could be strategic and accretive to the extent acquired.

As announced on August 13, 2015, Avante will be hosting a conference call on Monday, August 17, 2015 to discuss the aforementioned quarterly results at 8:30am EST.

Dial in details are as follows:

Local Toronto 416-764-8658

Toll Free North America 1-888-886-7786

Conference ID: 53640168

Playback details below, available until August 31, 2015:

Local Toronto 416-764-8692

Toll Free North America 1-877-674-7070

Playback Pin: 640168 #

About Avante Logixx (www.avantelogixx.com)

Avante Logixx Inc. (TSX VENTURE:XX) is a Toronto based security and technology company. Its subsidiaries, Avante Security Inc. (www.avantesecurity.com), INTO Electronics Inc., (www.intoelectronics.com ) and recently acquired, LVS Inc. (www.lvssecurity.com), together provide best in class security response and other security services for residential and commercial clients, and high-rise condominium applications, and are industry leaders 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 websites at www.avantelogixx.com and www.avantesecurity.com and consider joining our investor email list. Avante recently conducted a test comparing its rapid alarm response service with that of other alarm companies. For the result of this test please see www.6minuteresponse.com.

FORWARD LOOKING STATEMENTS

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