Mr. George Rossolatos reports
AVANTE LOGIXX INC. ANNOUNCES CLOSING OF LVS INC. SHARE PURCHASE AGREEMENT
Avante Logixx Inc. has closed its previously announced acquisition of all of the issued and outstanding shares of LVS Inc. pursuant to a share purchase agreement dated March 13, 2015. Based in the Greater Toronto Area, and founded in 1993 as a high-end custom residential security and automation services integrator, LVS developed a specialized skill set in high-end residential installations and later a commercial security capability. LVS generates over $2.8-million in revenue annually, of which approximately one-third is recurring in nature. The founder of LVS, Yoram Dushek, will act as president of LVS pursuant to an employment agreement, and continue to drive strategy and execution.
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