TORONTO — (Marketwire) — 08/26/11 — AVIX Technologies, Inc. (the “Company” or “AVIX”) (PINKSHEETS: AVIX) announced today that Actus Interactive Software Inc. (“ACTUS”), its proposed wholly owned subsidiary, has executed a Letter of Intent with Digital Holdings Inc. The Letter of Intent outlines the intention of both parties to enter into a due diligence period culminating in the acquisition of Digital Holdings Inc. (“DHI”) by ACTUS within 30 days.
CEO Tim Huckaby commented, “We have been working with DHI for several months now. Implemented as digital concierge application operating under the brand Zyng Networks, they have licensed the Actus Interactive Kiosk Software Suite and have deployed it in a number of hotels. The product has been received remarkably well and DHI-s growth plans are impressive.”
Doug Brough, CEO of DHI, commented, “It was evident from the beginning of our relationship with ACTUS that we were perfectly aligned with respect to our view of the market and our growth plans. It just makes sense for us to combine forces to achieve our goals.”
About Zyng Networks
Zyng Advertising Networks provides a turnkey interactive advertising and information solution to the hospitality and entertainment industry. Zyng Networks product line provides the complete advertising solution and includes information that your guests desire by placing HD LCD screens in the lobby and leisure areas along with several In- Room TV Networks, which include The Golf Network, The Hunting and Fishing Network, and The Electronic Program Guide, on the TV screens in your hotel room.
About Actus Interactive Software, LLC
ACTUS has created the world-s first hardware and software platform frameworks and suites that are capable of cross platform / multiple device solutions while leveraging the power of local devices and the scalability of cloud computing and networking.
About AVIX Technologies, Inc.
AVIX is focused on identifying potential acquisitions and joint venture opportunities in various target markets that offer leading edge technology in the software industry.
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.
Contact:
Brian Schor
Investor Relations
Tel: 585-490-0802
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