|Bid||1.85 x 0|
|Ask||1.95 x 0|
|Day's Range||1.9000 - 1.9500|
|52 Week Range||1.4000 - 2.5000|
|Beta (3Y Monthly)||-0.18|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 20, 2018 - Nov 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.58|
Avante Logixx Inc. (XX.V) (“Avante” or the “Company”) is pleased to announce that it has closed its previously reported acquisition of all of the issued and outstanding shares of Intelligarde International Inc. (“Intelligarde”) effective November 30, 2018 pursuant to the terms of the agreement dated November 11, 2018 (the “Agreement”) and previously announced by Avante on November 12, 2018. As announced, Avante purchased Intelligarde for $4.75 million using a mix of cash on hand and its recently announced acquisition facility to fund the transaction. “I am very pleased to close this transaction and officially welcome the Intelligarde team to the Avante platform,” said Craig Campbell, CEO of Avante.
Avante Logixx Inc. (XX.V) (“Avante” or the “Company”) is pleased to announce the appointment of Dan Marston as Avante’s Senior Vice President, Sales and Business Development. Dan will be responsible for the Avante Logixx group of companies’ sales teams, developing new business opportunities and creating customized technology enabled solutions for customer needs. Over the past 10 years Dan has held senior executive positions with Diebold, Securitas Electronic Security, and he was the founding partner of DFENDUS security, which he sold to his investment partners.
Avante Logixx Inc. (XX.V) (ALXXF) (“Avante” or the “Company”) is pleased to announce its results for the quarter period ended September 30, 2018 (all amounts in Canadian dollars, unless otherwise indicated). “Consistent with our long-term vision, we have made significant investments in building a platform to support organic growth that is capable of handling acquisitions of varying sizes in the next three years. This quarter, we executed against our strategic priorities through the completion of three separate acquisitions in conjunction with continued organic growth through our different marketing initiatives, which will all result in increased earnings visibility moving forward.
Avante Logixx Inc. (XX.V) (“Avante”) is pleased to announce it will release its financial results for the quarter ended September 30, 2018 after market closes on Thursday, November 22, 2018 and a news release will be disseminated at that time. 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.
Avante Logixx Inc. (XX.V) (“Avante” or the “Company”) is pleased to announce that it has entered into a definitive share purchase agreement (“Agreement”) to acquire Intelligarde International Inc. (“Intelligarde”) subject to certain closing conditions. The transaction is expected to close by November 30, 2018. Intelligarde is a highly regarded commercial security services provider that offers high- and low-profile security guards and patrols, as well as numerous complementary security services in Ontario and Winnipeg, Manitoba.
Avante Logixx Inc. (XX.V) (“Avante” or the “Company”) is pleased to announce the appointment of Francis Michaud as Avante’s Senior Vice President, Finance and Interim CFO effective November 1, 2018. Prior to joining Avante, Francis served as Chief Executive Officer at HighCom Global Security, he worked with Avante leadership as Chief Financial Officer at Total Security Management prior to its acquisition by GardaWorld Security, and he led the financial planning group at Home Depot.
Avante Logixx (“Avante” or the “Company”) (XX.V) announces that, further to its news release of September 20, 2018, Avante will consolidate its common shares (the “Common Shares”) on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares. The Company will file articles of amendment in respect of the consolidation on Monday, October 29, 2018.
Avante Logixx Inc. (XX.V) (“Avante” or the “Company”) is pleased to announce that it has entered a memorandum of understanding (“MOU”) with 3|Sixty Secure Corp. (“3 Sixty”). Under the terms of the MOU, signed on September 26, 2018, 3 Sixty will refer business to Avante on a preferred basis for a number of services ancillary to the cannabis industry, including certain executive security and residential services, integrated security systems and risk management & due diligence services related to employees and contractors, such as employee background screening and duty of care compliance programs, and Avante will refer business to 3 Sixty on a preferred basis for a number of services relating to the cannabis industry, including supply chain transport and on-site guarding security of cannabis facilities.
Avante Logixx Inc. (XX.V) (“Avante” or the “Company”) is pleased to announce that Scott Goodman will join Avante as the Company’s Chief People and Legal Affairs Officer effective October 2, 2018. Scott previously held roles at the TMX Group Inc. and Parmalat Canada. “I am thrilled to join the Avante team at this exciting stage to help build on its success and enable an awesome culture that allows its people to do their best work in becoming the national leader in technology enabled security solutions.” said Scott Goodman.
Avante Logixx ("Avante" of the "Company") (XX.V) is pleased to announce the results of its annual general and special meeting of shareholders held on September 19, 2018 (the "Meeting"). “I would like to thank the directors that did not stand for re-election for their service to Avante.” said Craig Campbell, CEO and Director of Avante Logixx.
Avante Logixx (“Avante” of the “Company”) (XX.V) is pleased to announce that Royal Bank of Canada (“RBC” of the “Bank”) has approved credit lines which include an acquisition line in the amount of $10 million to finance future acquisitions, a revolving operating line of $2 million to be used for working capital and general operating requirements, and a Visa facility of $200,000 to cover operating expenses. A formal credit agreement outlining the terms and conditions is being finalized by the Bank and is expected to be signed by the Company in the coming weeks. “Today’s announcement is another significant step forward for Avante’s strategic plan,” said Craig Campbell, CEO and Director of Avante Logixx.
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