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TORONTO, Sep. 16, 2015  –Avante Corp Inc.,(TSX VENTURE:XX)(OTCBB:ALXXF)(“Avante” or the “Corporation”) is pleased to report that for corporate and operational efficiencies the Board has resolved to effect certain senior management role changes as described below. George Rossolatos will hold the title of CEO of Avante Corp Inc. and Emmanuel Mounouchos will hold the titles of President and CEO of Avante Security Inc., the Corporation’s wholly-owned subsidiary. Co-CEO titles for these executives will be relinquished. These management role changes will be effective immediately subject to finalization of the terms of amended employment agreements for the executives. The Board has determined that moving forward with one CEO for Avante Corp Inc. is in the best interests of the Corporation and allows the Corporation to better advance its financing and acquisitions strategies. The change also permits Mr. Mounouchos to focus on his core competencies, being sales, operations, product innovation and new channel development at the subsidiary level.

Leland Verner, Chairman of the Board, stated, “We are excited about the change in senior management roles as it allows both of our senior executives to focus on their managerial strengths thereby improving operations and realizing further efficiencies. It also reduces any confusion in the marketplace as to the roles of co-CEOs.”

Mr. Rossolatos added, “We continue to be confident about our continued growth of recurring and non-recurring revenues as well as prospects for continuing our acquisition program, and the senior management change contemplated only increases this level of confidence. I look forward to fulfilling my responsibilities as sole CEO for Avante Corp Inc. including responsibility for executing Avante’s financing and acquisition strategies. I want to thank Mr. Mounouchos and the rest of the Board in showing their faith in my ability to work collaboratively to execute on our business plan.”

Mr. Mounouchos said, “I am pleased with the direction that the Board has taken with respect to senior executive roles. Not burdened with co-CEO responsibilities, I will be able to focus my efforts on sales, operations, product innovations and new channel development for Avante Security Inc., but at the same time be able to participate and provide oversight as a member of the board of Avante Corp Inc.”

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 and consider joining our investor email list.


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.

(1) Revenues – Recurring, Monitoring and Response includes Alarm Response along with Digital, Wireless and Video Monitoring services

(2) Adjusted EBITDA – Income from operations + depreciation and amortization + share based payments + integration costs