TORONTO, Sept. 16 /CNW/ - Avante Security Corp. (TSXV: ASY) (the "Corporation") announces that, subject to regulatory approval, an aggregate of 430,000 options to acquire common shares of the Corporation were granted to certain of its officers and employees. The options have an exercise price of $0.40 per share and are subject to the terms and conditions of a Stock Option Plan approved at the September 15, 2008 Annual and Special Meeting of the Shareholders. The options have a term of five years.
About Avante Security Corp.
Over the past twelve years, Avante has built its reputation as Toronto's preeminent security company by providing premium security services through the use of advanced technology and a focus on client service. Trademarked 724Smart WIP, the Company's proprietary technologies provide "Anytime; Anyplace" two- way wireless communication to any electronic device. Originally developed for wireless security applications, the technology's open architecture provides a platform for expanded functionality, and the Company is now ready to exploit the growing opportunities in energy management and metering applications, home automation, remote video monitoring, among others.
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.