AVIX Signs Software License Agreement with Helpful Technologies
14 Mars 2012 - 9:26PM
Business Wire
AVIX Technologies, Inc. (the “Company” or “AVIX”) (Pink Sheets:
AVIX) 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.comHelpful Technologies Inc. is a privately
held company and developer of technology solutions for global
markets.
About AVIX Technologies, Inc. www.avixt.comAVIX 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. 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.
Avix Technologies (CE) (USOTC:AVIX)
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