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Avante Security Corp. Closes Previously Announced Transaction with Securitas Canada Limited
TORONTO, Aug. 4 /CNW/ - Avante Security Corp. (TSXV: ASY) (the "Corporation") is pleased to annou...
About this update from Avante Corp
[{"type":"text","content":"\n\n\n\nTORONTO, Aug. 4 /CNW/ - Avante Security Corp. (TSXV: ASY) (the\n"Corporation") is pleased to announce that Avante Security Inc. ("Avante"), a\nwholly owned subsidiary of the Corporation, has closed its previously\nannounced transaction with Securitas Canada Limited ("Securitas") whereby\nSecuritas will assume substantially all of the uniformed guard operations of\nAvante in exchange for payments to Avante over the next three years.\n\n\nAbout the Corporation\n\n\nThe Corporation has developed proprietary hardware and software for\nwireless security, which provides monitoring for data and video, home\nautomation and remote monitoring, demand/response energy management and\nmetering applications. The Corporation's Secure 724Smart WIP is a smart\ninteractive portal module that uses proprietary hardware to convert wired\ninformation to a wireless format without the need of a personal computer or\nserver. The Secure 724 transmits data in multiple formats to wireless mobile\ndevices and/or PC's. The Corporation is headquartered in Toronto, Ontario. For\nmore information, please visit www.avantesecurity.com.\n\n\nAbout Securitas\n\n\nSecuritas is a wholly owned subsidiary of Securitas AB of Sweden, a\nknowledge leader in the security industry with over 250,000 employees\noperating in 30 countries.\n\n\nThese forward-looking statements, by their nature, necessarily involve\nrisks and uncertainties that could cause actual results to differ materially\nfrom those contemplated by the forward-looking statements. The Corporation\nconsiders the assumptions on which these forward-looking statements are based\nto be reasonable at the time they were prepared, but cautions that these\nassumptions regarding the future events, many of which are beyond the control\nof the Corporation and its subsidiaries, may ultimately prove to be incorrect.\nThe Corporation disclaims any intention or obligation to update or revise any\nforward-looking statements whether a result of new information, future events,\nor except as required by law. For additional information on risks and\nuncertainties relating to these forward-looking statements, investors should\nconsult the Corporation's ongoing filings found on SEDAR at www.sedar.com.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy...