TORONTO April 26, 2012 - 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.
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.
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.
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.