Avante Logixx Inc. Announces Repricing of Stock Options

TSXV TRADING SYMBOL: XX

TORONTO, Dec. 20, 2011 /CNW/ - (TSX-V: XX) Avante Logixx Inc. ("Avante" or the "Corporation") today announced that it plans to re-price an aggregate of 3,145,000 outstanding employee options to acquire Common Shares of the Corporation having exercise prices between $0.19 and $0.40 with expiry dates between January 2013 and September 2015 (the "Options"). The Options will be re-priced at $0.10 per share which is the lowest price permitted by the policies of the TSX Venture Exchange Inc. (the "Exchange").

This re-pricing was initiated and approved by independent members of Avante's board of directors, whose options are excluded from this repricing initiative.  2,300,000 of the Options are held by George Rossolatos, the Co-Chief Executive Officer and a director of Avante while 100,000 of the Options are held by Raghu Sampath, the Chief Financial Officer of Avante.

In accordance with Exchange policies, the re-pricing of any options held by Insiders of a company is subject to disinterested shareholder approval.  Accordingly, disinterested shareholders of the Corporation will be asked to approve the re-pricing of the Options granted to Mr. Rossolatos and Mr. Sampath at a special meeting of shareholders of Avante to be held on January 26, 2012.

About Avante Logixx Inc.

Avante Logixx Inc. (TSX-V: XX) is a Toronto based security and technology company. Its primary operating subsidiary, Avante Security Inc. (www.avantesecurity.com), provides best in class security response and other executive security services for residential and commercial applications as well as being an industry leader in designing and installing complex security systems, access control, and video analytics.  The company continuously develops innovative products and applications within its core competencies.  Please visit www.avantelogixx.com .

Additional information relating to Avante is available on SEDAR at www.sedar.com and on the Company's website at www.avantelogixx.com.

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The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this release.

Certain statements in this release may constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Corporation to be materially difference from future results, performance or achievements expressed or implied by such forward-looking statements.