AVIX Provides Update on License and Services Agreement
April 26 2012 - 1:43PM
Business Wire
AVIX Technologies, Inc. (the “Company” or “AVIX”) (Pink Sheets:
AVIX) announced today that it has commenced towards the Closing of
the Software License and Services Agreement with Helpful
Technologies Inc. for MyLottoClicks Software.
AVIX will issue Twenty Five Million (25,000,000) shares of
Common Stock in form of a deposit, and upon the Closing, under the
terms of the Agreement, will issue the balance of Seventy Five
Million (75,000,000) shares, 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. All
shares of Common Stock to be issued to Helpful Technologies, Inc.
will have a one-year restriction as may be permitted under Rule 144
under the Securities Act of 1933.
Helpful Technologies, Inc. has agreed to transfer the domain
names associated with MyLottoClicks Software and will assist in the
further development and subsequent launch of MyLottoClicks.com
website.
About Helpful Technologies, Inc. www.helpfultechnologies.com
Helpful Technologies Inc. is a private developer of cutting-edge
technological solutions for global markets. MyLottoClicks Software
is a lottery numbers generator based on proprietary algorithm
developed by Helpful Technologies Inc. in 2009.
About AVIX Technologies, Inc. www.avixt.com
AVIX 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)
Historical Stock Chart
From Nov 2024 to Dec 2024
Avix Technologies (CE) (USOTC:AVIX)
Historical Stock Chart
From Dec 2023 to Dec 2024