Business
Avante Security Corp. announces Co-CEO appointment and private placement
Avante Security Corp. announces Co-CEO appointment and private placement
About this update from Avante Corp
[{"type":"text","content":"\n\n\n\n Jun. 17, 2010 (Canada NewsWire Group) -- TSXV TRADING SYMBOL: ASY\n\n (TSXV: ASY) Avante Security Corp. ("Avante" or the "Corporation") is pleased to announce the appointment of George Rossolatos as Co-Chief Executive Officer and Director, effective June 17. Mr. Rossolatos will join Avante founder Manny Mounouchos to form a dynamic chief executive team to support Avante's continuing distribution of its Smartboxx(TM) technology globally. Additionally, Avante announces that Spiros Pantziris has resigned as a director of the Corporation. Avante thanks Mr. Pantziris for his contribution while on the board of directors.\nAvante is a premier provider of executive security services and manufacturer of the Smartboxx, a leading technology addressing energy managment, security and automation.\nGeorge Rossolatos is the founder and President of Riverdale Capital Corporation, a private investment company he created in 2009 for the primary purpose of seeking a Canadian middle market company in which he could both invest capital and take a senior leadership role. Previously, Mr. Rossolatos was a partner and co-founder of TorQuest Partners Inc. where he had been since its inception in early 2002. TorQuest is a private equity fund manager with more than $700 million of capital under management. TorQuest invests in middle market companies to build value through opportune acquisitions, strategic leadership, operational excellence and the timely use of financial expertise. Prior to TorQuest, Mr. Rossolatos was an investment principal at Harrowston Inc., a publicly traded merchant bank. Prior to Harrowston, he worked with Ernst & Young LLP, managing a group focused on middle market companies. Mr. Rossolatos was recognized in 2007 as one of Canada's Top 40 under 40. He is a member of the Young Presidents' Organization while serving on the Advisory Board for the Queen's MBA program and as a director for the Association for Corporate Growth Toronto Chapter. He also serves as a director of the Toronto East General Hospital Foundation. Mr. Rossolatos is a Chartered Accountant and holds an MBA from the Kellogg School of Management at Northwestern University (Marketing) and a Bachelor of Commerce (Honours) from Queen's University.\n"Today's announcement is a strong endorsement of Avante's business and its future vision,&qu...