AVIX .018 Signs Software License Agreement with He
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AVIX .018 Signs Software License Agreement with Helpful Technologies 03/14 04:26 PM
AVIX Signs Software License Agreement with Helpful Technologies 03/14 04:26 PM
TORONTO--(BUSINESS WIRE)-- AVIX Technologies, Inc. (AVIX:$0.018,$0.00,0.00%) announced today that it has executed a Software License and Services Agreement with Helpful Technologies Inc., a Florida Corporation, for MyLottoClicks Software, contingent upon the Closing of the Agreement.
Upon completion of the due diligence by both parties and under the terms of the Agreement, AVIX will issue as collateral on the Closing, One Hundred Million (100,000,000) shares of restricted common stock, of which Fifty Million (50,000,000) shares will be redeemable from Helpful Technologies, Inc. in cumulative payments for a total of One Million Dollars($1,000,000) to satisfy the full payment within one year of the Closing. The shares will be issued with a one-year restriction as may be permitted under Rule 144 under the Securities Act of 1933.
Helpful Technologies, Inc. is the developer of cutting-edge technological innovations for the global markets. MyLottoClicks Software is a lottery numbers generator based on proprietary algorithm developed by Helpful Technologies Inc. in 2009. MyLottoClicks will be distributed through website and retail channels.
Reno J. Calabrigo, President of AVIX stated, “We are very excited about both the prospects for growth and the potential of revenue streams with the closure of the license and services agreement.” He further stated, “We look forward to establishing a long term relationship with Helpful Technologies, Inc. with an eye towards increasing the asset base of the Company.”
About Helpful Technologies, Inc. www.helpfultechnologies.com
Helpful Technologies Inc. is a privately held company and developer of technology solutions for global markets.
About AVIX Technologies, Inc. (AVIX:$0.018,$0.00,0.00%) www.avixt.com
AVIX is focused on identifying potential acquisitions and joint venture opportunities in various target markets that offer leading edge technology and services on a global scale.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AVIX Technologies, Inc. (AVIX:$0.018,$0.00,0.00%) with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: AVIX Technologies, Inc. (AVIX:$0.018,$0.00,0.00%)
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| SYMBOLS: | AVIX | NEWS TYPE: | SECTORS: | Energy, Oil, Gas and Consumable Fuels, Information Technology, Computers and Peripherals, Software |
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