AVIX Technologies, Inc. announced today that the Company has acquired QingDao He Wei Yuan Food Co., Ltd, a limited liability company located in Ping Du QingDao, Shan Dong Province, China.
The Closing of the acquisition occurred on February 20, 2015, whereby AVIX acquired 100% of QingDao He Wei Yuan Food Co. Ltd. through a Stock Purchase Agreement for US $350,000 (THREE HUNDRED AND FIFTY THOUSAND DOLLARS) paid by the issuance of 35,000,000 (THIRTY FIVE MILLION) shares of common stock at a value of $.01 per share. The stock was issued with a one-year restriction as may be permitted under Rule 144 under the Securities Act of 1933.
The Company also announced the appointment of CEO Zhang Tao to the positions of President, Secretary and Treasurer. Mr. Zhang Tao is now the sole Director of AVIX.
About QingDao He Wei Yuan Food Co. Ltd.
QingDao He Wei Yuan Food Co. Ltd. was founded on September 16, 2013 and is duly organized with registered capital of 10 Million RMB, validly existing and in good standing under the laws of China. QingDao He Wei Yuan Food Co. Ltd., a wholly owned subsidiary of AVIX Technologies, Inc., has the authority to carry on business in packaged foods, condiments, research and development of food products and the sale of wholesale and retail seafood.
About AVIX Technologies, Inc.
AVIX continues to focus on identifying potential acquisitions and joint venture opportunities in various target markets that offer distribution, services and leading edge technology 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.