TORONTO, July 16, 2012 (BUSINESS WIRE) - AVIX Technologies, Inc. (the "Company" or "AVIX") (Pink Sheets: AVIX) announced today that it has executed and closed the Software Licensing and Services Agreement for MyLottoClicks software with Helpful Technologies, Inc., a Florida Corporation.
Under the terms of the agreement, AVIX has issued One Hundred Million (100,000,000) shares of restricted Common stock 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. The shares have been issued to Helpful Technologies, Inc. with a one-year restriction as may be permitted under Rule 144 of the Securities Act of 1933.
Mr. Reno J. Calabrigo, President of AVIX stated, "We are extremely enthusiastic about closing this new exciting venture with Helpful Technologies, Inc." He further stated, "The interactive website for MyLottoClicks should be completed within the next two weeks and subsequent selling of the software worldwide, shortly thereafter. We firmly believe, as a Company, in the previously announced (June 5, 2012) financial model comprised by Helpful Technologies Inc. for MyLottoClicks software wherein gross revenues for AVIX could exceed $72 Million at the end of the three-year forecast with capitalization exceeding $300 Million."
The Company also announced it is pursuing two additional proprietary software applications to add to the current asset base and anticipates negotiations for both potential acquisitions to be finalized in August. In addition, the Company will be expanding its current Board of Directors to include prominent and industry experienced representation.
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.