AVIX Technologies Inc. and ACTUS Target Acquisition of Digital Holdings Inc.
August 26 2011 - 4:00PM
Marketwired
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 www.zyngnetworks.com
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 www.actus-software.com
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. www.avixt.com
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
brian@diversified-ir.com www.diversified-ir.com
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