Avante Corp CEO to step down

TORONTO, Sept. 25, 2017  – Avante Corp Inc. (TSXV: XX)(“Avante” or the “Company”)today announced that Chief Executive Officer, Mr. George Rossolatos, informed the Board of his decision to step down to pursue another business opportunity outside the security space. His new role accepted late Friday will only take effect after December 21, 2017, being Mr. Rossolatos’ final day as CEO after serving out the three month notice period set out in his employment agreement.  During the notice period, Mr. Rossolatos will continue to serve as a director of Avante and he will assist in ensuring an orderly transition following his departure.

George Rossolatos said about his departure, “this was a very difficult decision for me as it has been a wonderful experience to be part of the Avante team for over seven years and I am proud of the growth of Avante since joining several years back.  Revenues are up fourfold, EBITDA is positive and we have over $3 million in cash and continue looking at viable acquisition opportunities in our pipeline. In addition, Avante has developed a proper infrastructure that enables its group of companies to service and support its customers with a focus on maximizing operational efficiencies. I look forward to continuing to help Avante the best I can going forward.”

Leland Verner, Chairman of the Board, stated “on behalf of the Board and the entire team at Avante, I would like to thank George for his significant contributions to Avante over the past seven years and wish him great success in his new role.”

The Board is taking immediate steps to search for, and evaluate, potential successor CEO candidates which may include certain of Avante’s current key executives.  A replacement or interim CEO will be announced on or prior to December 21, 2017.

About Avante Corp

Avante Corp Inc. (XX.V) is a Toronto based provider of technology enabled security solutions. We acquire, manage and build industry leading businesses which provide specialized, mission-critical solutions that address the needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With an experienced team and a proven track record of solid growth, we are taking steps to establish a broad portfolio of security businesses to provide our customers and shareholders with exceptional returns. Please visit our website at www.avantecorp.ca and consider joining our investor email list.

FORWARD LOOKING STATEMENTS

All statements in this news release, other than statements of historical fact, may constitute “forward looking information” with respect to Avante within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. This forward-looking information includes statements with respect to, among other things, the effective date of the consolidation of the Common Shares.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward looking information, including, without limitation, the Company being unable to complete the steps necessary to cause the consolidation to occur on the timelines stated in this news release and the risks identified in Avante’s Management Discussion & Analysis, Annual Information Form and other continuous disclosure, which list is not exhaustive of the factors that may affect any of Avante’s forward-looking information. In connection with the forward-looking statements contained in this and subsequent press releases, Avante has made certain assumptions about its business and the industry in which it operates and has also assumed that no significant events occur outside of Avante’s normal course of business. Although management believes that the assumptions inherent in the forward-looking statements are reasonable as of the date the statements are made, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein. Avante’s forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made, and Avante does not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking information as there can be no assurance that the credit agreement will be entered into or on the terms described in this news release or at all.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.