Avante Joins Global Shield Network, Expanding Real-time Access to Police and International Intelligence Agencies

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TORONTO, Nov 2, 2023 – Avante Corp Inc. (TSX.V: XX; OTC: ALXXF) (“Avante” or the “Company”),

a global provider of technology enabled security solutions and services, is pleased to accept an invitation to join the Global Shield Network, a law enforcement & intelligence network immersed in public/private sector partnerships designed to prevent crime, terrorism and improve public safety. After the safe and successfully evacuation of its clients from the conflict zone in Israel, Avante was recognized for its world-class security and crisis management services with an invitation to join the Global Shield Network. This collaboration marks a significant milestone for Avante, reinforcing its commitment to ensuring the safety and security of its clients both locally and internationally.

Through this strategic alliance, Avante gains invaluable access to a wealth of up-to-the-minute information on major security incidents occurring around the world. This partnership empowers Avante to stay ahead of emerging threats and trends, enabling the Company to provide even more robust security solutions to its clients.

“We are grateful to receive an invitation to join the Global Shield Network, as it proves to further validate our operations and efforts in global security and crisis management,” said Emmanuel Mounouchos, CEO of Avante. “This network partnership will equip us with the tools and intelligence needed to better address critical security issues on a global scale. We are excited to leverage real-time data to enhance our services and keep our clients safe and secure. Joining the Global Shield Network will allow Avante to seamlessly connect with other police forces and intelligence agencies worldwide. This streamlined information exchange network will enable Avante to provide crucial intelligence or obtain vital information, facilitating a more comprehensive and coordinated approach to global security.”

As a Global Sheild Network (“GSN”) member, Avante will have access to:

• Obtain accurate and timely information from both law enforcement GSN partners and private sector members
• Collaboration opportunities with various police departments in a timely fashion across the world
• Access and leverage the local private sector expertise in areas of interest and support community service best practices
• Access routine GSN intelligence briefings
• Opportunities to attend local, state and global SHIELD conferences
• Create a force multiplier within the private sector to prevent crime and potential terrorist incidents
• Develop strong long-lasting partnerships with private sector partners

In addition to the immediate benefits in terms of real-time crime trend monitoring and international intelligence sharing, Avante will also be equipped to address critical issues related to international travel duty of care. The partnership with Global Shield Network ensures that Avante will have access to live, on-the-ground information, enabling the company to offer unparalleled support and guidance to clients navigating global travel.

Furthermore, Avante will be showcasing its cutting-edge video analytics technology, capable of detecting firearms and physical altercations. This aligns perfectly with Global Shield Network’s mission to leverage innovative solutions in the pursuit of global security.

About Avante Corp

Avante Corp Inc. (TSXV: XX) is a Toronto based provider of high-end security services. 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.

About Global Shield Network

The Global Shield Network is a law enforcement & intelligence network immersed in public/private sector partnerships designed to prevent crime, terrorism and improve public safety. The Global Shield Network connects law enforcement & intelligence agencies together with public & private sector partners facilitating relationships, sharing of information and expanded distribution globally.

Forward-Looking Information 

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

This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts” and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including, but not limited to, the risk factors discussed in the filing statement of the Company which are incorporated herein by reference and are available through SEDAR at www.sedar.com. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Investors are cautioned that forward-looking statements are not based on historical  facts, but instead reflect the Company’s and NSSG’s expectations, estimates or  projections concerning future results or events based on the opinions, assumptions  and estimates of management considered reasonable at the date the statements are  made. Although the Company and NSSG believe that the expectations reflected in  such forward-looking statements are reasonable, such statements involve risks and  uncertainties, and undue reliance should not be placed thereon, as unknown or  unpredictable factors could have material adverse effects on future results,  performance or achievements of the Company and NSSG. Financial outlooks, as with  forward-looking information generally, are, without limitation, based on the  assumptions and subject to various risks as set out herein. 

Among the key factors that could cause actual results to differ materially from those  projected in the forward-looking statements are the following: the parties’ ability to  consummate the Acquisition; the ability of the parties to satisfy, in a timely manner,  all other conditions to the closing of the Acquisition; the potential impact of the  announcement or consummation of the Acquisition on relationships, including with  regulatory bodies, stock exchanges, service providers, employees and competitors;  the diversion of management time on the Acquisition; assumptions concerning the  Acquisition and the operations and expansion plans following completion of the  Acquisition; credit, liquidity and additional financing risks; stock market volatility;  changes in the business activities, focus and plans of the Company and NSSG and the  timing associated therewith; changes in general economic, business and political 

conditions, including challenging global financial conditions; competition risks;  potential conflicts of interest; changes in applicable laws and regulations both locally  and in foreign jurisdictions; compliance with government regulation; the risks and  uncertainties associated with foreign markets; and the other risk factors more fully  described under the heading “Risk Factors” in the each of Company’s most recent  annual information form and management’s discussion and analysis, each of which is  available on the Company’s SEDAR+ profile at www.sedarplus.com. 

Should one or more of these risks or uncertainties materialize, or should assumptions  underlying the forward-looking statements prove incorrect, actual results may vary  materially from those described herein as intended, planned, anticipated, believed,  estimated or expected. Although the Company and NSSG have attempted to identify  important risks, uncertainties and factors which could cause actual results to differ  materially, there may be others that cause results not to be as anticipated, estimated  or intended and such changes could be material. The Company and NSSG do not  intend, and do not assume any obligation, to update the forward-looking statements  except as otherwise required by applicable law.